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Suppose the UK economy is described by the equations: 1' = P'*+. 3\" = 9(33) mp = kffr+v yd = idsp) I" = EU\" :17) where r (r') is the domestic (foreign) nominal interest rate, a is the log of the nominal exchange rate, m is the log of the money supply, p is the log of the price level, y\" is the log of aggregate goods demand and )7 is the log of aggregate goods supply. v is an exogenous shock to the demand for the pound sterling. In addition, (r', m, )7) are exogenous, (.9, k, l, h, 2:) are positive coefcients, _ denotes a long-run value, denotes a time derivative and '3 denotes an expected value. What will be the effect ofa permanent fall in v {e.g. due to a referendum vote in favour of the UK leaving the EU) on the long-run real and nominal exchange rates? (You do not need to consider the short-run effects.)