ECB Monthly Bulletin | May 2014

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
  • Monetary and financial developments
    • Box 1 The results of the euro area bank lending survey for the first quarter of 2014
    • Box 2 Survey on the access to finance of small and medium-sized enterprises in the euro area: October 2013 to March 2014
    • Box 3 Integrated euro area accounts for the fourth quarter of 2013
  • Prices and costs
    • Box 4 Calendar effects in recent inflation developments
    • Box 5 Results of the ECB survey of professional forecasters for the second quarter of 2014
  • Output, demand and the labour market
    • Box 6 Recent developments in the consumption of durable goods in the euro area
• Articles
  • The determinants of euro area sovereign bond yield spreads during the crisis
  • Euro area sectoral activity since 2008
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Publications produced by the European Central Bank
  • Glossary