These are at quarterly frequency for the 2013-2022 period.Analyze the data to test the relevance of the Phillips Curve for Australia. period unemp_rate infl_rateMar-13Jun-13Sep-13Dec-13Mar-14Jun-14Sep-14Dec-14Mar-15Jun-15Sep-15Dec-15Mar-16Jun-16Sep-16Dec-16Mar-17Jun-17Sep-17Dec-17Mar-18Jun-18Sep-18Dec-18Mar-19Jun-19Sep-19Dec-19Mar-20Jun-20Sep-20Dec-20Mar-21Jun-21Sep-21Dec-21Mar-225.65.75.75.95.96.06.26.16.16.06.25.75.75.75.65.85.95.65.45.65.5ö w5.35.05.05.15.25.25.15.27.46.965565665.74.94.74.23.9SANNam m2.52.42.22.72.92.31.71.3in w1.5A5731.71.31.3coioioio co to w1.52.11.91.81.91.92.11.91.81.31.61.71.82.2-0.30.70.91.13.8wo33.55.1 8.07.06.05.04.03.02.01.00.0-1.0Jun-13Sep-13Dec-13Mar-14Jun-14Mar-13Sep-14Dec-14Mar-15Jun-15Sep-15Dec-15'unemp_rate', 'infl_rate' by 'period'Mar-16Jun-16Sep-16Dec-16Mar-17Jun-17Sep-17Dec-17Mar-18periodunemp_rateJun-18-infl_rateSep-18Dec-18Mar-19Jun-19Unemployment rate calcualted as (the number of unemployed person / labor force)* 100CPI inflation rate calcualted as (rate of change in CPI from previous period)* 100Sep-19Dec-19Mar-20Jun-20Sep-20Dec-20Mar-21Jun-21Sep-21Dec-21Mar-22

Introduction According to the Phillips curve, the unemployment rate and inflation are inversely…

Answered: ar-17 n-17 p-17 ec-17 ar-18 in-18 p-18…

ar-17 n-17 p-17 ec-17 ar-18 in-18 p-18 ec-18 ar-19 n-19 p-19 ec-19 ar-20 5.9 5.6 5.4 5.6 5.5 5.3 5.0 5.0 5.1 5.2 5.2 5.1 5.2 2.1 1.9 1.8 1.9 1.9 2.1 1.9 1.8 1.3 1.6 1.7 1.8 2.2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

These are at quarterly frequency for the 2013-2022 period.

Analyze the data to test the relevance of the Phillips Curve for Australia.

period unemp_rate infl_rate
Mar-13
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Sep-14
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
Mar-16
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
Jun-18
Sep-18
Dec-18
Mar-19
Jun-19
Sep-19
Dec-19
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
Jun-21
Sep-21
Dec-21
Mar-22
5.6
5.7
5.7
5.9
5.9
6.0
6.2
6.1
6.1
6.0
6.2
5.7
5.7
5.7
5.6
5.8
5.9
5.6
5.4
5.6
5.5
ö w
5.3
5.0
5.0
5.1
5.2
5.2
5.1
5.2
7.4
6.9
6556566
5.7
4.9
4.7
4.2
3.9
SANNam m
2.5
2.4
2.2
2.7
2.9
2.3
1.7
1.3
in w
1.5
A
573
1.7
1.3
1.3
coioioio co to w
1.5
2.1
1.9
1.8
1.9
1.9
2.1
1.9
1.8
1.3
1.6
1.7
1.8
2.2
-0.3
0.7
0.9
1.1
3.8
wo
3
3.5
5.1

8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
-1.0
Jun-13
Sep-13
Dec-13
Mar-14
Jun-14
Mar-13
Sep-14
Dec-14
Mar-15
Jun-15
Sep-15
Dec-15
'unemp_rate', 'infl_rate' by 'period'
Mar-16
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
period
unemp_rate
Jun-18
-infl_rate
Sep-18
Dec-18
Mar-19
Jun-19
Unemployment rate calcualted as (the number of unemployed person / labor force)* 100
CPI inflation rate calcualted as (rate of change in CPI from previous period)* 100
Sep-19
Dec-19
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
Jun-21
Sep-21
Dec-21
Mar-22

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