Use the online series for real oil prices from the Carlin and Soskice webpage http://www.oup.com/uk/orc/carlin.soskice. Pick an

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Use the online series for real oil prices from the Carlin and Soskice webpage http://www.oup.com/uk/orc/carlin.soskice. Pick an emerging and a developed economy and collect data from their national statistics or an international organization (e.g. IMF, OECD, Eurostat, World Bank) on the unemployment rate and the inflation rate from the start of the 1970s until the present. Do the patterns observed match those of the US in Fig. 11.9? If not, propose some potential reasons why?

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