| ρ | Interest rate | Exchange rate | RAT | Bond(本) | gold | R2/LIK |
W1 | 0.9221*** (0) | 0.2907*** (0.0065) | −0.1731*** (0.0001) |
| −0.2496*** (0.0017) |
| 0.4866 (337.2) |
W2 | 0.9095*** (0) | 0.2967*** (0.0056) | −0.1752*** (0.0001) |
| −0.2529*** (0.0015) |
| 0.4839 (333.6) |
W3 | 0.9391*** (0) | 0.2919*** (0.0061) | −0.1661*** (0.0001) |
| −0.2530*** (0.0015) |
| 0.4891 (340.5) |