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For this question, use the forex and CPI data available below (file labeled HW2_Turkey.xls). HW2_412_Turkey.xlsxDownload HW2_412_Turkey.xlsx Calculate the real TRL/USD exchange rate for each period

For this question, use the forex and CPI data available below (file labeled HW2_Turkey.xls).

HW2_412_Turkey.xlsxDownload HW2_412_Turkey.xlsx

Calculate the real TRL/USD exchange rate for each period in the sample 1973-2003 (again, scale your real exchange rate so that PPP holds exactly in January 1986). Make a graph of the real exchange rate over time

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