Discuss your results in light of the theory of the phillips

Assignment Help Econometrics

Reference no: EM131131295

Using annual data since 1956, create scatter plots of the following variables:

a. CPI inflation rate (December to December) against the average unemployment rate for the year. (Note: You may wish to use the data converter that is available on this textbook's Web site, www. pearsonhighered.com/abel, to calculate the CPI each December.)

b. CPI inflation rate against the cyclical unemployment rate. (The cyclical unemployment rate is the actual unemployment rate minus the natural unemployment rate.)

c. Change in the CPI inflation rate from the previous year against the cyclical unemployment rate. Discuss your results in light of the theory of the Phillips curve.

Reference no: EM131131295

Questions Cloud

Make revisions to the introduction and literature review : Final research paper...... It should include a cover page, abstract, intro/lit review, method section, results (simply report what statistics you propose to use), discussion section, and reference page.

How is this ratio related to the business cycle : What are the implications of these results for a policymaker who wants to assess the costs of a recession?

Discuss benefits of the us becoming a net debtor nation : Discuss the benefits and risks of the United States becoming a net debtor nation. Explain why nations impose trade restrictions if free trade is the best policy.

Demonstrates or relates to kantian ethics-deontology : Find an article (from a reputable news source) that has been published in the last 3 months which demonstrates, or relates to, Kantian ethics/deontology. Share this article in your initial post (title and web link) and explain how it demonstrates,..

Discuss your results in light of the theory of the phillips : Change in the CPI inflation rate from the previous year against the cyclical unemployment rate. Discuss your results in light of the theory of the Phillips curve.

Site and complete the assesments no exception : My son is needing assitance with his online English 2 course. Looking for someone that can login and complete 4 unit test and a final exam. You get 1 attempt for each unit test which is 25 quiestions and there is a final assesment. You must comple..

Problems with the heading superscription of hosea : What are some problems with the heading/superscription of Hosea?- hat did Jehu and his dynasty do to upset Hosea?

What time frame in history did this series of events occur : The Northern Hemisphere has experienced several "little ice ages" which were more of a quirk or an anomaly than ice ages as such. In roughly what time frame in history did this series of events occur

Describe various aspect that compromise economic fundamental : Prepare an essay describing the various aspects that compromise Economic as presented in the first 2 chapters of "A Guide to Everyday Economic Statistics".

User Account

All Pages