STUDY ON THE CORRELATION OF INFLATION-UNEMPLOYMENT IN THE EUROPEAN UNION

Ilie Murarita, George Ciobanu and Andreea Maria Ciobanu
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Andreea Maria Ciobanu: University of Craiova Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2012, vol. 2, issue 40, 86-95

Abstract: Inflation is significant and persistent increase in the price level, is seen as the depreciation of money. Unemployment is an unbalanced labour market in which there is a surplus of demand over supply of jobs. To ensure sustainable growth, any economic policy should aim both moderate inflation and low unemployment. Economic reality has shown that between the two indicators there is a strong connection, but opposite direction. Thus, a reduction in inflation is followed often by rising unemployment, and vice versa, measures to reduce unemployment may increase inflation. In this paper, the authors have proposed to realize a statistical study on the correlation between inflation and unemployment in the European Union.

Keywords: unemployment; inflation; correlation (search for similar items in EconPapers)
JEL-codes: C82 O11 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2012:i:40:p:86-95

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