Kurihara, Yutaka; Nezu, Eiji - In: Studies in Economics and Finance 23 (2006) August, pp. 211-226
Japanese stock prices and macroeconomic variables under the quantitative easing policy in Japan. Design … deterministic elements of stock prices in Japan. Vector error correction method is applied. Findings – The results indicate that …/value – The Bank of Japan's monetary policy, especially quantitative monetary easing, has not yet been fully determined. The …