Overview
Using macroeconomic data from Brazil for a period of at least 20 years, this project aims to estimate the Phillips Curve by collecting annual inflation rate (preferably GDP deflator) and real GDP data in local currency. The paper should include data description, tables and graphs (in appendix), and apply adaptive expectations theory to estimate the Phillips Curve using Excel or any statistical software. The equation should be transformed to identify the slope (φ) and natural level of output. Interpretation of estimated coefficients, theoretical consistency, and statistical evaluation (e.g., R², t-stats) are required. The final paper must be well-structured with references.