ECB Monthly Bulletin | October 2004

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 Development
  • The external environment of the euro area
  • Monetary and financial developments
  • Prices and costs
  • Output, demand and the labour market
  • Exchange rate and balance of payments developments
  • Boxes:
    • Developments in total hours worked in the euro area
    • The geographical composition of euro area foreign demand
• Articles
  Monetary analysis in real time 43
  Economic integration in selected
  regions outside the European Union 67
• Euro Area Statistics
• Chronology of monetary policy
• Measures of the Eurosystem
• Documents published by the European Central Bank Since 2003
• Glossary