New Techniques To Extract Market Expectations From Financial Instrument
Download and Read New Techniques To Extract Market Expectations From Financial Instrument full books in PDF, ePUB, and Kindle. Read online free New Techniques To Extract Market Expectations From Financial Instrument ebook anywhere anytime directly on your device. We cannot guarantee that every ebooks is available!
New Techniques to Extract Market Expectations from Financial Instrument
Author | : Lars E. O. Svensson |
Publisher | : |
Total Pages | : 47 |
Release | : 2013 |
Genre | : |
ISBN | : |
Download New Techniques to Extract Market Expectations from Financial Instrument Book in PDF, Epub and Kindle
This paper is a selective survey of new or recent methods to extract information about market expectations from asset prices for monetary policy purposes. Traditionally, interest rates and forward exchange rates have been used to extract expected means of future interest rates, exchange rates and inflation. More recently, these methods have been refined to rely on implied forward interewst rates, so as to extract expected future time paths. Very recently, methods have been designed to extract not only the means but the whole (risk neutral) probability distribution from a set of option prices.