ECB Monthly Bulletin | July 2008

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:
    • A comparison of MFI loans as a source of household financing in the euro area, the United Kingdom and the United States
    • Recent developments in the cost of equity for euro area firms
    • Recent developments in consumer oil energy prices
    • Recent housing market developments in the euro area
    • Recent developments in private consumption and the impact of price increases
    • Labour supply and employment in the euro area: developments and challenges
    • Oil-bill recycling and its impact on extra-euro area exports
• Articles
  • One monetary policy and many fiscal policies: ensuring a smooth functioning of EMU
  • Euro area trade in services: some key stylised facts
  • The Eurosystem as a provider of technical assistance to EU neighbouring regions
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2007
  • Glossary