Running Head: ECONOMIC POLICY DECISION
Economic Policy Decision in U.S. and Europe
ECONOMIC POLICY DECISION
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.
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...
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