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量的緩和期の外為介入 ホーム Tsutomu Watanabe

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表 1: 1999 年‐ 2006 年の日銀の政策
表 2: 介入と当座預金残高変化の同時点相関
表 4: 介入とそれ以外の財政支払いの比較 Eq. (4) Eq. (5) Sample period 2001/12/19-2006/3/9 2001/12/19-2006/3/9 Constant 2.653 2.647 (0.369)*** (0.368)*** R t−1 0.834 0.833 (0.025)*** (0.025)*** I t−2 0.473 0.481 (0.092)*** (0.091)*** G t 0.206 (0.019)*** GP t 0.240 (0.038)**

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