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questions for international economics, writing homework help

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The questions are attached below. Can you give me the answers in detail? Thank you!

For example,

1.This question concerns purchasing power parity and Figure 1.

  • Define the real exchange rate. What is the equilibrium value?
  • It appears that the Japanese nominal exchange rate experienced a significant shock between 1984 and 1986. Was there a similar shock to the Real Exchange Rate? Explain.
  • Consider Japan between the years 1986 and 2000. Is the Japanese currency overvalued or undervalued in those years? Explain.
  • Above, you chose over or undervalued. Using the IS curve and the Expectations Augmented Phillips curve explain how a country would move from that state (either over or undervalued) to an equilibrium.
  • Given your answer to 1d, are the data consistent with your discussion? Explain.
  • Now consider the overall graph, that is all years 1980 to 2012. Are the trends depicted in the graph consistent with the empirical findings of the Taylor and Taylor article we discussed in class?

More questions are in the attached files.

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