Macroeconomics Theory and Policy .
Estimate the Phillips curve and Okun’s Law for the country of your choice and write a well-structured research report about the whole process of acquiring and refining your date, estimating, and interpreting the estimated coefficients based on the theoretical background of your models and empirical implications of the estimated equations for the country of your study.
In order to help you, your article should include, among other things, following steps. Please note that your final paper should have an essay form, with complete structure from introduction to conclusion and references with an internal coherence. These steps are just to help you to organize your paper, and not to be treated like questions/answers mechanically.
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1- Choose a period time not shorter than 20 years and as recent as possible. For each year, find the
following time series data for your country from reputable sources (World Bank, IMF, UN, or local
statistical agency of your country of choice): Inflation rate (the GDP deflator inflation rate is preferred),
unemployment rate, and real GDP, in terms of local currency. A description of the used data sources
should be included. (15 points)
2- Present the data in form of tables and graphs that you think are informative for your audience. Discuss
the sources of your data, nature of the data and the assumptions that you may use to construct the needed
data. It is preferable to put the tables and graphs in the appendix.