G2TT
来源类型Discussion paper
规范类型论文
来源IDDP1850
DP1850 Enforcement of Employment Security Regulations, On-The-Job Search and Unemployment Duration
Tito Boeri
发表日期1998-03-31
出版年1998
语种英语
摘要The UK pound left the ERM on 16 September 1992 after a period of turbulence. UK monetary policy soon shifted to lower short interest rates and an inflation target was announced. This paper uses daily option prices to estimate how the market?s probability distribution of the future Deutsche mark/sterling exchange rate and UK and German interest rates changed over the summer and autumn of 1992. The results show, among other things, how various policy decisions affected the market?s assessment of the probabilities of realignments and lending rate cuts.
主题International Macroeconomics
关键词Exchange rates Futures Interest rates Options Risk neutral distribution
URLhttps://cepr.org/publications/dp1850
来源智库Centre for Economic Policy Research (United Kingdom)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/530990
推荐引用方式
GB/T 7714
Tito Boeri. DP1850 Enforcement of Employment Security Regulations, On-The-Job Search and Unemployment Duration. 1998.
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