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Using the accompanying Excel sheet with FRED.stlouisfed.org data, produce a ‘Phillips Curve’ scatter chart: Macroeconomics Assignment, UOL, UK

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Using the accompanying Excel sheet with FRED.stlouisfed.org data, produce a ‘Phillips Curve’ scatter chart: Macroeconomics Assignment, UOL, UK

UniversityUniversity of London (UOL)
SubjectMacroeconomic Assignment

Part 1: Trends in the Data: Phillips Curve [40 marks]

1. Using the accompanying Excel sheet with FRED.stlouisfed.org data, produce a ‘Phillips Curve’ scatter chart for the United States over the last decade. Insert the chart (with a reference for the data) into your answers.

2. Comment on the shape of your data and include some reflections on the quality of the indicators for unemployment and core inflation.

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