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Author names (applicable only for research papers, delete otherwise)

Disclaimer: This paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB.

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Contents

1 Heading 1 2

1.1 Heading 2 2

Box 1 Box - Heading 5

Abbreviations 10

Title − Heading 11

1 Heading 1

Alis ius ad quias rerunte qui qui dolupietur re volorro voluptaturia vellesto dolent latem facias ut laboreicite velendella sed eaquam, enis dolecum, sedita sum cum qui occusam endam fugia quos neceria verum aut porro del ipsum hitat atemporuptia que sum quis ilique explique voluptas asit exerferum landanis pra dent volori doluptat que quiditatest pelectis ad ullabor estempores net re parionem rerciet aut alis coriam doluptam et latiumet aute pernatque pellaut id ut et quamus, ommolenim isqui beroreprae nectasped temporia qui aspernam quam non nitas untionseri ad qui temposs imagnih ictenitatur, officae nos nate volorpores eatibus ciatur maximus aut omniendem. Ut es voluptas essum aut rero que nem fugiae mint dolori cus. qui temposs imagnih ictenitatur, officae nos nate volorpores eatibus ciatur maximus aut omniendem. Ut es voluptas essum aut rero que nem fugiae mint dolori cus.

1.1 Heading 2

Alis ius ad quias rerunte qui qui dolupietur re volorro voluptaturia vellesto dolent latem facias ut laboreicite velendella sed eaquam, enis dolecum, sedita sum cum qui occusam endam atemporuptia que sum quis ilique explique voluptas asit exerferum landanis pra dent volori doluptat que quiditatest pelectis ad ullabor estempores net re parionem rerciet aut alis coriam doluptam et latiumet aute pernatque pellaut id ut et quamus, ommolenim isqui beroreprae nectasped quissi temporia qui aspernam quam non nitas untionseri ad qui temposs imagnih ictenitatur, officae nos nate volorpores eatibus ciatur maximus aut omniendem. Ut es voluptas essum aut rero que nem fugiae mint dolori cus. qui temposs imagnih ictenitatur, officae nos nate volorpores eatibus ciatur maximus aut omniendem. aut rero que nem fugiae mint dolori cus.1

Alis ius ad quias rerunte qui qui dolupietur re volorro voluptaturia vellesto dolent latem facias ut laboreicite velendella sed eaquam, enis dolecum, sedita sum cum qui occusam endam fugia quos neceria verum aut porro del ipsum hitat atemporuptia que sum quis ilique explique voluptas asit exerferum landanis pra dent volori doluptat que quiditatest pelectis ad ullabor estempores net re parionem rerciet aut alis coriam doluptam et latiumet aute pernatque pellaut id ut et quamus, ommolenim isqui beroreprae nectasped quissi temporia qui aspernam quam non nitas untionseri ad qui temposs imagnih ictenitatur, officae nos nate volorpores eatibus ciatur maximus aut omniendem. Ut es voluptas essum aut rero que nem fugiae mint dolori cus. qui temposs imagnih ictenitatur, officae nos nate volorpores eatibus ciatur maximus aut omniendem. Ut es voluptas essum aut rero que nem fugiae mint dolori cus.

1 Footnote Text

Title − Heading 12

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to

1.1.1 Heading 3

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam, simus aut eos si untemod iciminc totaerro est ut repelistia

1.1.1.1 Heading 4

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam.

Chart 1TitleSubtitle (delete if not needed)(units, axis description)

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Title − Heading 13

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam, simus aut eos si untemod iciminc totaerro est ut repelistia adis nulliquam autem evelect ureium quo ma veliqui rae doleseque nos ataeces eum

1.1.1.1.1 Heading 5

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam, simus aut eos si untemod iciminc totaerro est ut repelistia adis nulliquam autem evelect ureium quo ma veliqui rae doleseque nos ataeces eum andusciam nullaboria dolo ea doluptae parunt imi, sequiam inus venihil itation nectus millore aut excea velest ium ea nit, occae sunt in nitae pos earcien ditiam lant omnis quae. Ut quas ut alitiisquis que pro tem intem dolorest, sed quam samus magnime consed utet experep erferit ipsumquunt magnatio blaborestiur sentemporis di nobitiandi berum fugitissi dicto verfere rspicil il ius.

Chart 3Title

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Notes

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam, simus aut eos si untemod iciminc totaerro est ut repelistia

Title − Heading 14

Category 1

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Notes

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam, simus aut eos si untemod iciminc totaerro est ut repelistia adis nulliquam autem evelect ureium quo ma veliqui rae doleseque nos ataeces eum andusciam nullaboria dolo ea doluptae parunt imi, sequiam inus venihil itation nectus millore aut excea velest ium ea nit, occae sunt in nitae pos earcien ditiam lant omnis quae. Ut quas ut alitiisquis que pro tem intem dolorest, sed quam samus magnime consed utet experep erferit ipsumquunt magnatio blaborestiur sentemporis di nobitiandi berum fugitissi dicto verfere rspicil il ius.

Heading 6

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to

Agnatia poribusam eos ape aut aut atur?

Agnatia poribusam eos ape aut aut atur?

Agnatia poribusam eos ape aut aut atur?

1. Agnatia poribusam eos ape aut aut atur?

(a) Agnatia poribusam eos ape aut aut atur?

(i) Agnatia poribusam eos ape aut aut atur?

Title − Heading 15

Heading 7

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium

Box 1Box - Heading

Title corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to

Box headline

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam

Faccupt atatest, corepelit, ut ad que plaut

corepelit, ut ad que plaut

1. Faccupt atatest, corepelit, ut ad que plaut

(a) Faccupt atatest, corepelit, ut ad que plaut

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat

Chart ATitleSubtitle (delete if not needed)(units, axis description)

Category 14.3

Category 22.5

Category 33.5

Category 44.5

Category 44.5

Notes

Title − Heading 16

Chart BTitle

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Category 1

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Category 3Category 4

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00.5

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Series 1Series 2Series 3

Notes

Ut quas ut alitiisquis que pro tem intem dolorest, sed quam samus magnime consed utet experep erferit ipsumquunt magnatio blaborestiur sentemporis

Box - Headline

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui

Chart CText

Subtitle (delete if not needed)(units, axis description)

Notes

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam.

Title − Heading 17

Category 1 Category 2 Category 3 Category 4 Category 40

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Series 1Series 2Series 3

Series 4Series 5

Table ATitleSubtitle (delete if not needed)(units, axis description)

Faccupt atatest, corepelit, ut ad que

plaut pratur sit lam atectib eaquiae rerit et volum

imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis

anis eaquia ium adignist, to voluptaquam, simus aut

Notes

Table BTitle

Subtitle (delete if not needed)(units, axis description)

Faccupt atatest, corepelit, ut ad que

plaut pratur sit lam atectib eaquiae rerit et volum

imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis

anis eaquia ium adignist, to voluptaquam, simus aut

Notes

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam.

Table CTitle

Subtitle (delete if not needed)(units, further description)

Notes

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam.

Sources & Notes

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet.

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium

Title − Heading 18

Faccupt atatest, corepelit, ut ad que

plaut pratur sit lam atectib eaquiae rerit et volum

imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis

anis eaquia ium adignist, to voluptaquam, simus aut

adignist, to voluptaquam, simus aut eos si untemod iciminc totaerro est ut repelistia adis nulliquam autem evelect ureium.

Table 1Title

Subtitle (delete if not needed)(units, further description)

Faccupt atatest, corepelit, ut ad que

plaut pratur sit lam atectib eaquiae rerit et volum

imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis

Sources & Notes

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam, simus aut eos si untemod iciminc totaerro est ut repelistia adis nulliquam autem evelect ureium.

Table 2Title

Subtitle (delete if not needed)Error: Reference source not found(units, further description)

Sources:

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam, simus aut eos si untemod iciminc totaerro est ut repelistia adis nulliquam autem evelect ureium.

Table 3TitleSubtitle (delete if not needed)(units, further description)

Faccupt atatest, corepelit, ut ad que

plaut pratur sit lam atectib eaquiae rerit et volum

imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis

anis eaquia ium adignist, to voluptaquam, simus aut

Sources:

Title − Heading 19

Faccupt atatest, corepelit, ut ad que

plaut pratur sit lam atectib eaquiae rerit et volum

imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis

Faccupt atatest, corepelit, ut ad que

plaut pratur sit lam atectib eaquiae rerit et volum

Table 4Title

Subtitle (delete if not needed)(units, further description)

Faccupt atatest, corepelit, ut ad que

plaut pratur sit lam atectib eaquiae rerit et volum

imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis

anis eaquia ium adignist, to voluptaquam, simus aut

Sources:

Faccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam, simus aut eos si untemod iciminc totaerro est ut repelistia adis nulliquam autem evelect ureium.

Title − Heading 110

AbbreviationsCountriesBE BelgiumBG BulgariaCZ Czech RepublicDK DenmarkDE GermanyEE EstoniaIE IrelandGR GreeceES SpainFR France

HR CroatiaIT ItalyCY CyprusLV LatviaLT LithuaniaLU LuxembourgHU HungaryMT MaltaNL NetherlandsAT Austria

PL PolandPT PortugalRO RomaniaSI SloveniaSK SlovakiaFI FinlandSE SwedenUK United KingdomUS United States

In accordance with EU practice, the EU Member States are listed in this report using the alphabetical order of the country names in the national languages.

OthersBIS Bank for International SettlementsCPI Consumer Price IndexDG ECFIN Directorate General for Economic and Financial

Affairs, European CommissionECB European Central BankEDP excessive deficit procedureEER effective exchange rateEMI European Monetary InstituteEMU Economic and Monetary UnionERM exchange rate mechanismESA 95 European System of Accounts 1995ESCB European System of Central BanksESRB European Systemic Risk BoardEU European UnionEUR euroGDP gross domestic productHICP Harmonised Index of Consumer Pricesi.i.p. international investment positionILO International Labour OrganizationIMF International Monetary FundMFI monetary financial institutionMIP macroeconomic imbalance procedureNCB national central bankOECD Organisation for Economic Co-operation and

DevelopmentSSM Single Supervisory MechanismTSCG Treaty on Stability, Coordination and Governance in

the Economic and Monetary Union

Conventions used in the tables“-” data do not exist/data are not applicable“.” data are not yet available

© European Central Bank, 2017

Postal address 60640 Frankfurt am Main, GermanyTelephone +49 69 1344 0Website www.ecb.europa.eu

All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged.

The cut-off date for data included in this report was xxxxxx.

ISSN xxxx-xxxx (epub) DOI xx.xxxx/xxxxxx (epub)ISSN xxxx-xxxx (html) DOI xx.xxxx/xxxxxx (html)ISSN xxxx-xxxx (pdf) DOI xx.xxxx/xxxxxx (pdf)ISBN 978-xx-xxx-xxxx-x (epub) EU catalogue No QB-xx-xx-xxx-EN-E (epub)ISBN 978-xx-xxx-xxxx-x (html) EU catalogue No QB-xx-xx-xxx-EN-Q (html)ISBN 978-xx-xxx-xxxx-x (pdf) EU catalogue No QB-xx-xx-xxx-EN-N (pdf)

AcknowledgementsFaccupt atatest, corepelit, ut ad que plaut pratur sit lam atectib eaquiae rerit et volum imet qui omnimos doluptam quat et maios nos soluptatquo dolliquis anis eaquia ium adignist, to voluptaquam, simus aut

Author nameAffiliation; email:

Author nameAffiliation; email:

Author nameAffiliation; email:

© European Central Bank, 2017

Postal address 60640 Frankfurt am Main, GermanyTelephone +49 69 1344 0Website www.ecb.europa.eu

All rights reserved. Any reproduction, publication and reprint in the form of a different publication, whether printed or produced electronically, in whole or in part, is permitted only with the explicit written authorisation of the ECB or the authors.

This paper can be downloaded without charge from www.ecb.europa.eu, from the Social Science Research Network electronic library or from RePEc: Research Papers in Economics. Information on all of the papers published in the ECB Working Paper Series can be found on the ECB’s website.

This paper can be downloaded without charge from www.ecb.europa.eu, from the Social Science Research Network electronic library or from RePEc: Research Papers in Economics. Information on all of the papers published in the ECB Occasional Paper Series can be found on the ECB’s website.

This paper can be downloaded without charge from www.ecb.europa.eu. Information on all of the papers published in the ECB Legal Working Paper Series can be found on the ECB’s website.

This paper can be downloaded without charge from www.ecb.europa.eu and from RePEc: Research Papers in Economics. Information on all of the papers published in the ECB Statistics Paper Series can be found on the ECB’s website.

ISSN xxxx-xxxx (pdf) DOI xx.xxxx/xxxxxx (pdf)ISBN 978-xx-xxx-xxxx-x (pdf) EU catalogue No QB-xx-xx-xxx-EN-N (pdf)