=+17. Continuing with the preceding problem, we can define short- and long-term real rates of interest. In
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=+17. Continuing with the preceding problem, we can define short- and long-term real rates of interest. In all cases, the relevant real interest rate (annualized, that is, expressed in percent per year) is the annualized nominal interest rate at the maturity in question,
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Related Book For 
International Economics
ISBN: 9780132146654
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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