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Problem 1. Metzler diagram and the COVID shock a. Imagine the world consists of two countries: the US and Rest of World (ROW). Draw a

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Problem 1. Metzler diagram and the COVID shock a. Imagine the world consists of two countries: the US and Rest of World (ROW). Draw a two- country Metzler diagram, in which the US has a higher autarky interest rate than the ROW so that the US current account

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