Choudhri, Ehsan U.; Schembri, Lawrence L. - In: International Review of Economics & Finance 29 (2014) C, pp. 537-551
The paper examines the Canada–US real exchange rate since the early 1970s to test two popular explanations of the long-run real exchange rate based on the influence of sectoral productivities and commodity prices. The empirical analysis finds that both variables exert a significant long-run...