11 See Aaronson and others (2019) for evidence on the relative behavior of unemployment rates by race and ethnicity in a strong labor market. The authors find similar patterns for labor force participation rates and for employment-to-population ratios. 12 Disparities in labor market outcomes are also evident between urban and rural areas of the United States.
Liikanen: No, not when we are doing it the way we decided to do it. We only buy bonds on the secondary market, we buy according to the capital keys of the Eurosystem members, we buy maximum 25 percent of each issuance and maximum 33 percent of each issuer’s debt. And it is done for monetary policy purposes.