ECB Monthly Bulletin | June 2013

Summary:

The Monthly Bulletin was published from January 1999 to December 2014. The Monthly Bulletin was published one week after each monetary policy meeting of the ECB's Governing Council. It explained the monetary policy decision and provided a detailed analysis of the current economic situation and risks to price stability.

Table of Contents:

• Editorial
• Economic and Monetary Developments
  • The external environment of the euro area
    • Box 1 The role of central and eastern Europe in pan-European and global value chains
  • Monetary and fi nancial developments
    • Box 2 Recent developments in the financial account of the euro area balance of payments
    • Box 3 Liquidity conditions and monetary policy operations in the period from 13 February 2013 to 7 May 2013
    • Box 4 Recent developments in spreads on corporate bonds issued by euro area non-financial corporations
  • Prices and costs
    • Box 5 Recent developments in hours worked per employee
  • Output, demand and the labour market
    • Box 6 Trends in export market shares in the euro area
    • Box 7 Three indicators to complement the standard definition of employment and unemployment
  • Fiscal developments
    • Box 8 The fiscal implications of financial sector support
  • Eurosystem staff macroeconomic projections for the euro area
    • Box 9 Technical assumptions about interest rates, exchange rates, commodity prices and fi scal policies
    • Box 10 Forecasts by other institutions
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • The TARGET (Trans-European Automated Real-time Gross settlement Express Transfer) system
  • Publications produced by the European Central Bank
  • Glossary

• Alternative Source 1