Suppose the Japanese exchange rate is currently 65 yen per dollar. The inflation rate in Japan over
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Suppose the Japanese exchange rate is currently 65 yen per dollar. The inflation rate in Japan over the next three years will run, say, 1 per cent per year, whereas the Australian inflation rate will be 2 per cent. Based on relative PPP, what will the exchange rate be in three years?
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Authors: Stephen A. Ross, Rowan Trayler, Charles Koh, Gerhard Hambusch, Kristoffer Glover, Randolph W. Westerfield, Bradford D. Jordan
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