Comparative Analysis of Fiscal and Monetary Policies in the United States and the European Union: Contrasts, Convergence, and Significance

Abstract

This study compares US and EU fiscal and monetary policies to assess their benefits. Regional policy frameworks, decision-making processes, and regulatory structures regulate economies in this study. US-EU policy disparities have caused economic differences. Thus, these differences must be explored. This study compares policy perspectives to demonstrate their importance and uniqueness. This study examines how US and EU fiscal and monetary policies affect economic development, stability, and global influence. To assess policy frameworks, the study examines these disparities. To maximise benefits, this study compares qualitative and quantitative methods. Policy, economic, and academic papers are reviewed. We will utilise statistical and trend analytics to find the most significant policy implementation and results discrepancies and similarities. This analysis illuminates EU and US fiscal and monetary policies. Policy variations have affected economic advancement, stability, and international clout. This study will investigate these causes. This research will help economic policy analysis by emphasising the differences between various policy approaches. The study’s research-based suggestions will help policymakers in both regions. Increased policymaker communication, expertise, and best practices will boost economic development, stability, and global impact. This study examines the US and EU’s fiscal and monetary policies and their effects to understand their policy paradigms better. This paper’s findings and recommendations will help policymakers, economists, and scholars analyse policy frameworks to optimise economic outcomes and global influence.