I've been working with some historical macroeconomic data of the Canadian economy and am having difficulty empirically testing the Phillips curve long run and short run versions.
I got the data from FRED, logged the variables and then plotted them.
A shape which is looking like a bow, going up right and then back.
Im probably not doing something right as the data does not seem to fit with either the short run or long run versions of what the Phillips curve represents.
So to offically crown myself as conspiracy theorist of the day on Economics.SE (which is probably a problem for a mod):
Does this analysis disprove both the long run and short run Phillips curve?
** what is incorrect in this analysis?