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f. The US policy rate, the fed funds rate, has reached its zero-lower bound (ZLB)...

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f. The US policy rate, the fed funds rate, has reached its zero-lower bound (ZLB) at the end of 2008. Assume that the foreign economy is facing a similar situation. Considering you trust the (uncovered) interest parity condition, describe how the Federal Reserve may achieve a depreciation of the US dollar against the foreign currency

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