Economics
Economic Policy Decision in U.S. and Europe Discussion

Question Description

I’m trying to study for my Economics course and I need some help to understand this question.

Economic policy decisions are much easier to make in retrospect than in prospect. They’re also much easier to make if all the evidence points in one direction. Unfortunately, the available information and data often are ambiguous, contradictory and point in different directions. In early 2008 the U.S. and European officials clearly were viewing much the same information but came to different policy conclusions. Some have described this as “viewing the same mountain but from different lookout points.” Please draft a short essay (3-4 pages perhaps) discussing the different emphasis which the policymakers placed on the available information and the historical and structural perspectives from which they viewed this information to arrive at the decisions that they made.

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Final Answer

Attached.

Running Head: ECONOMIC POLICY DECISION

Economic Policy Decision in U.S. and Europe
Name
Institution
Course
Date

1

ECONOMIC POLICY DECISION

2
Introduction

Following 2008 to 2010great depression and recession, the United States had to make
quick economic policies to cushion the country from the possible further financial crisis in the
wake of the second great depression. The economic policies were anchored on various
assumptions and premises, which the U.S. believed were effective in enhancing racer from the
recessions and financial crisis. The same was the case with the European countries who equally
implemented various economic policies to address the aftermath of the great recessions as the
world went into a major financial crisis. However, European and the United States relied on
different premises and assumptions in implementing their economic policies, thus resulting in
different outcomes. This paper provides an overview of the differences in the assumptions and
premises relied on by the U.S. and European in their economic policy decisions and the
aftermath of each country’s economic policy.
Discussion
The United States implemented the Asset relief program in 2008, resulting in a rescue of
the troubled financial system from an imminent meltdown. This economic policy saved the
country’s financial system from the brink of disaster that could have seen it collapse further. The
enactment of the American Recovery and Reinvestment Act in 2009 was a positive economic
policy that was aimed at av...

Doctor_Ralph (22026)
Duke University

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