The Phillips Curve-Economics

The Phillips Curve

ANSWER

The Phillips Curve

QUESTION

The Phillips Curve (35 points) Using the World Bank or the IMF database, download data on the inflation rate and unemployment rate for a country of your choice. You should download the data for the maximum period for which they are available and the data should go back at least to the 1970s.

 a) Examine the existence of the original Philips curve over two periods: 1970-1995 and 1996-2021 (note: the start and end year may differ based on data availability). Figure 8-3 on page 177 and Figure 8-5 on page 180 could be helpful for this analysis.
b) Examine the existence of the accelerationist Philips curve over two periods: 1970-1995 and 1996-2021 (note: the start and end year may differ based on data availability). Figure 8-4 on page 179 could be helpful for this analysis.
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