Briefly explain Briefly explain what nominal effective exchange rate (NEER) and real effective exchange rate (REER) are. what nominal effective exchange rate (NEER) and real effective exchange rate (REER) are. For the specific country assigned, collect quarterly data for the period 1990Q1 to 2013 Q4 or as close to 2013 Q4 as possible. Compute and graph the NEER and REER for the country for this period (NEER and REER against time in quarters). Discuss the trends of the currency, whether it has been depreciating or appreciating in real terms.
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