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- W2045552203 abstract "This paper reexamines the linkage of real interest rates between the US and Canada. After examining the existence of a one-to-one long-run relationship between these two interest rates, we assess the degree of departure from the long-run relationship and the speed of adjustment to it following an exogenous shock in one of the markets. Our empirical results, based on data from approximately two decades, indicate that: (i) there exists a one-to-one long-run relationship and (ii) the extent of departure is small compared with the magnitude of a shock and the departure decays within a reasonably small number of periods." @default.
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- W2045552203 date "2002-07-01" @default.
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- W2045552203 title "On the linkage of real interest rates between the US and Canada: some additional empirical evidence" @default.
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- W2045552203 doi "https://doi.org/10.1016/s1042-4431(02)00007-0" @default.
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