ECB Monthly Bulletin | September 2002

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 developments in the euro area
  • Monetary and financial developments
  • Price developments
  • Output, demand and labour market developments
  • Fiscal developments
  • The global macroeconomic environment, exchange rates and the balance of payments
• Boxes:
  • Financial investment of the non-financial sectors in the euro area in the first quarter of 2002
  • Monetary policy operations and liquidity conditions in the reserve maintenance period ending on 23 August 2002
  • The importance of the effects of stock price movements on economic activity in the euro area
  • The impact of accounting issues on recent stock market developments
  • Monitoring wage developments: an indicator of negotiated wages
  • New data on the composition of investment
  • The effect of stock price changes on budgetary balances
• Euro area statistics
• Chronology of monetary policy measures of the Eurosystem
• The TARGET (Trans-European Automated Real-time Gross settlement Express Transfer) system
• Documents published by the European Central Bank