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Home Publications Reports Alan Greenspan and the ECB: Different Policies, Different Results

Alan Greenspan and the ECB: Different Policies, Different Results

February 2002, Dean Baker

This paper compares the monetary policies pursued by the European Central Bank (ECB) and the Federal Reserve Board. It notes that the Fed has been far more aggressive in using monetary policy to reduce unemployment, which could explain much of the difference in the unemployment rates between the United States and the euro zone nations.

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