Capoën, Fabrice (contributor); Creel, Jérôme (contributor) - 2007
monetary policy in the USA is more restrictive
than what that of the ECB would be. However, prices increase by more and output … interest rates within the union.
In this context, the ECB, which is in charge of the monetary policy of the Euro area, was … of implementation delay, and because it
may be irreversible; on the other hand, monetary policy affects future growth …