The Trade-off between Unemployment and Inflation (Phillips Curve)

Explain what data you are using in your thesis, and describe it properly, using tables as appropriate. You should explain why you have chosen your data ; and should summarize the key issues (does it have any advantages and any disadvantages). You will also need to explain how you intend to analyse the data: what regression will be run; what are you trying to show; which tests are appropriate? And after have thought about how your results compare with other papers on your topic; and can explain why your results are important or interesting. You will not necessarily find that your results exactly re-produce the results reported in the papers that previously examined your topic and you may also find that some of your variables are not significant. This is completely normal, and so long as you have run a sensible regression, you will not be penalized for reporting such results: you should view it as an opportunity to contrast your results with the existing literature, and to discuss why the your results might differ. You will, however, be penalized if you do not report your results honestly. Note also that we do not expect you to use advanced econometric in your dissertation. Most empirical dissertations will only run an OLS regression; if you choose to use more sophisticated techniques, you must demonstrate that you understand the techniques that you have used. E views is the preferred method of regression analysis.