that pass-through to U.S. import prices is low over the short- to medium-term horizons that are most useful for both …

This paper investigates whether oil prices have a reliable and stable out-of-sample relationship with the Canadian … prices and the exchange rate at the monthly and quarterly frequencies. In contrast, the main contribution is to show the … authors use contemporaneous (realized) or lagged oil prices in their regression. However, in the latter case the predictive …