Kalimeris, Dimitris - In: International Journal of Trade and Global Markets 4 (2011) 3, pp. 279-289
(unlike in the case of the EU), while unemployment plays a more substantial role in the USA in affecting inflation level. Oil …This paper uses the panel analysis approach to deal with the impact of oil price shocks, unemployment and interest … for the US and the EU economy. In both sets of data, current inflation is heavily affected by unemployment, as expected …