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According to the international Fisher Effect, if the real interest rate is 4%, if the US inflation rate is 5% and the Japanese inflation rate
According to the international Fisher Effect, if the real interest rate is 4%, if the US inflation rate is 5% and the Japanese inflation rate is 7%, then what is the nominal interest rate in the US? What is the nominal interest rate in Japan?
(Please explain/show the math breakdown... thank you!)
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