CEPR logo

Fact-based, data-driven research and analysis to advance democratic debate on vital issues shaping people’s lives.

Center for Economic and Policy Research
1611 Connecticut Ave. NW
Suite 400
Washington, DC 20009

Tel: 202-293-5380
Fax: 202-588-1356
https://cepr.net

Close

On This Page

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.

Report pdf_small