ECB Monthly Bulletin | November 2007

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:
    • The short-term outlook for global growth: a PMI-based assessment
    • The impact of the financial market turmoil on money and credit developments
    • Impact of the credit market tensions on LBO activity
    • Recent developments in consumers’ inflation perceptions and expectations
      in the euro area
    • Results of the ECB Survey of Professional Forecasters for the fourth quarter of 2007
    • Recent revisions to euro area unemployment statistics
• Articles
  • The stock market’s changing structure and its consolidation: implications for the
    efficiency of the financial system and monetary policy
  • The introduction of quarterly sectoral accounts statistics for the euro area
• Euro Area Statistics
• Annexes
  • Chronology of monetary policy measures of the Eurosystem
  • Documents published by the European Central Bank since 2006
  • Glossary