Fed is best in crisis, says British think-tank


In a paper in its quarterly economic journal, the National Institute of Economic and Social Research, an independent research body, said that UK and eurozone policymakers did not do as much as the Federal Reserve to boost economic growth. The Fed's opening of the liquidity taps, and the weakness of the greenback, meant GDP growth in the US compared to the UK and eurozone would be between 2% and 2.5% higher for last year, and 1% and 1.5% more this year.

In the eurozone, where "quantitative easing

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