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Working Paper Series Congressional Budget Office Washington, PRE-ESTIMATING THE PHILLIPS CURVE AND THE NAIRURobert Arnold Congressional Budget Office (Arnold×CBO.gov)August 2008 200806Working papers
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The reestimating form Phillips Curve is a tool used to reevaluate and update the relationship between inflation and unemployment, as described by the Phillips Curve economic theory.
The reestimating form Phillips Curve is typically completed and filed by economists, researchers, or analysts studying macroeconomic trends and policy implications.
To fill out the reestimating form Phillips Curve, one needs to gather data on inflation rates and unemployment rates over a specific period. Then, these data points are plotted on a graph to examine the relationship between the two variables and assess any changes or trends.
The purpose of the reestimating form Phillips Curve is to provide a quantitative analysis of the relationship between inflation and unemployment, allowing policymakers and economists to understand and predict potential effects on the economy.
The reestimating form Phillips Curve requires the reporting of historical data on inflation rates and unemployment rates, along with any adjustments made to the original Phillips Curve equation or assumptions used.
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