Logistics and Transportation challenges plus increasing oil prices and huge stimulus packages from the more advanced countries have contributed to higher inflation globally. In response, Central Banks around the world have been increasing interest rates to help curtail the rate of inflation according to the Taylor rule. The Bank of Jamaica (BOJ) is interested in understanding the relationship between interest rates and inflation in Jamaica. They have contracted your group as consultants on the project. 1. Conduct a basic literature review on the relationship between inflation, and interest rates including theory of the Taylor Rule. 2. Collect monthly data from March 2020 to March 2022 from the IMF IFS or BOJ website, and any other reputable source on a. Jamaica inflation (Consumer Price Index (CPI)) b. BOJ Treasury Bill Rate c. Any other variable recommended by the literature 3. Run a simple regression of inflation on the treasury bill rate comment on your results 4. Run a simple regression of inflation on the treasury bill rate as well as the other variable(s), comment on your results. 5. What recommendations do you have for the BOJ based on your results from parts 3 and 4. 6. How could you improve your research based on your findings and post diagnostic checks? Use internet resources to assist you understand how to conduct a simple literature review; it should include, who, when, where, why, what and how as well as the results. Also, check the faculty handbook for the appropriate style of referencing.