Ciccarelli, Matteo; Garcia, Juan Angel - 2009
policy rates by the Fed, and also
seems to be positive news for the euro area economic activity (unemployment rate falls … conditions (consumer confidence, the unemployment rate, and
Non- technical summary
6
ECB
Working Paper Series No 996
January … growth), with other cycli-
cal indicators (consumer con�dence, the unemployment rate, and the US business cycle
conditions …