Error correction model estimation of the Canada-US real exchange rate

Error correction model estimation of the Canada-US real exchange rate

Using the error correction model, we link the long-run behavior of the Canada-US real exchange rate to its short-run dynamics. The equilibrium real exchange rate is determined by the energy and non-energy commodity prices over the period 1973Q1-1992Q1. However such a single long-run relationship doe...

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Bibliographic Details
Main Author: Ye, Dongmei
Other Authors: Lucas, Robert F.
Format: Others
Language:en
Published: University of Saskatchewan 2008
Subjects:
Macroeconomics
Error correction model
Canada-US real exchange rate
Online Access:http://library.usask.ca/theses/available/etd-01032008-220745/

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