Guideline: Covers studies about issues related to aggregate price levels, inflation, and deflation, including the CPI and the Phillips curve. Keywords: Baumol’s Disease, Consumer Price Index, Cost Push, CPI, Deflation, Disinflation, Hyperinflation, Hypoinflation, Indexation, Inflation, Inflation Growth, Inflation Indexed, Inflation Stabilisation, Inflation Stabilization, Inflation Unemployment, NAIRU, Natural Rate, Output Inflation, Phillips Curve, Price Level, Prices, Producer Price Index, Rational Expectation, Relative Price Variability, Retail Price Index, Stagflation, Wholesale Price Index, WPI, Zero Inflation ECON 3P10: Research Methods in Economics Assignment 1: Literature Review and Economic Theory paper Due: hard copy in-class and by e-mail (before class) on October 5th Purpose The purpose of this assignment is to provide you with an opportunity to do several things: • Find journal articles using ECONLIT and Google Scholar • Apply your knowledge of economic theory • Get experience writing an academic paper Instructions 1. Each student will be assigned a Journal of Economic Literature (JEL) code. These identify sub-fields of economic research and can be found at https://www.aeaweb.org/econlit/jelCodes.php?view=jel 2. Choose three early (pre 2000) and related papers using your assigned JEL code 3. Write a short literature review based on the three papers and using the relevant chapter from Greenlaw for guidance 4. Identify the economic theory being used and hypothesis being tested in each paper 5. Briefly summarize the findings of each paper Style and formatting 1. Papers should be approximately 1000 – 1200 words in length and written in proper essay format (i.e. no bullets, sub-titles, etc.) 2. In-text referencing and citations should follow American Economic Review guidelines. See the “sample references” document at https://www.aeaweb.org/aer/authref.php

Price Level; Inflation; Deflation

Guideline: Covers studies about issues related to aggregate price levels, inflation, and deflation, including the CPI and the Phillips curve.

Keywords: Baumol’s Disease, Consumer Price Index, Cost Push, CPI, Deflation, Disinflation, Hyperinflation, Hypoinflation, Indexation, Inflation, Inflation Growth, Inflation Indexed, Inflation Stabilisation, Inflation Stabilization, Inflation Unemployment, NAIRU, Natural Rate, Output Inflation, Phillips Curve, Price Level, Prices, Producer Price Index, Rational Expectation, Relative Price Variability, Retail Price Index, Stagflation, Wholesale Price Index, wp01I, Zero Inflation

Price Level; Inflation; Deflation

Guideline: Covers studies about issues related to aggregate price levels, inflation, and deflation, including the CPI and the Phillips curve.

Keywords: Baumol’s Disease, Consumer Price Index, Cost Push, CPI, Deflation, Disinflation, Hyperinflation, Hypoinflation, Indexation, Inflation, Inflation Growth, Inflation Indexed, Inflation Stabilisation, Inflation Stabilization, Inflation Unemployment, NAIRU, Natural Rate, Output Inflation, Phillips Curve, Price Level, Prices, Producer Price Index, Rational Expectation, Relative Price Variability, Retail Price Index, Stagflation, Wholesale Price Index, WPI, Zero Inflation