low-frequency relation between commodity export prices and real exchange indices for the eleven countries we analyze, as well as for the oil price (Brent)
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This paper investigates the relationship between energy prices and the real effective exchange rate of commodity-exporting countries More specifically, when oil price variations are low, the real effective exchange rates are not determined by terms-of-trade but by other usual fundamentals
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low-frequency relation between commodity export prices and real exchange indices for the eleven countries we analyze, as well as for the oil price (Brent)
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