Classy Writers

Classical Writers

Briefly summarize how your country’s currency has been performing against dollar over time. Calculate the percentage change in your country’s exchange rate from previous year. Do this for both types of exchange rates and see if there is any significant di

 To retrieve the data: Go to www.imf.org (Links to an external site.) Click on Data and then click on International Financial Statistics. Click on Query on the International Financial Statistics (IFS) page. Click on the little pencil next to Time; then click on Timeline and select Years from 1985 to 2018. Click on OK. For Germany, please select 1975 to 1998. For Greece, please select 1975 to 2000. Click on the little pencil next to Country and select both your assigned country and the US. Click on the little pencil next to Indicator and select the following three variables: Then click on Export to download your data. You must submit your downloaded data as part of the report. Exchange Rates, National Currency Per U.S. Dollar, End of Period, Rate Exchange Rates, National Currency Per U.S. Dollar, Period Average Rate Prices, Consumer Price Index, All items, Percentage change, Corresponding period previous year, Percent Analysis of the data: Compare your country’s inflation rate to the US. Briefly summarize how your country’s currency has been performing against dollar over time. Calculate the percentage change in your country’s exchange rate from previous year. Do this for both types of exchange rates and see if there is any significant difference. Test if relative PPP holds using the data from your country and the US. Discuss possible explanations for deviations from relative PPP. Refer to Chapter 11 if you are unsure about relative PPP. Length of report: 250 words, excluding tables and/or graphs.

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