ECB Monthly Bulletin | January 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 developments
  • 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:
    • Worldwide trends in monetary aggregates over recent years
    • New ECB statistics on quoted share transactions
    • The impact of developments in indirect taxes and administered prices on inflation
• Articles
  • EMU and the conduct of fiscal policies
  • Opinion surveys on activity, prices and labour market development in the euro area: features and uses
  • Measuring and analysing profit developments in the euro area
• Euro Area Statistics
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2003
• Glossary