A multiperiod binomial model for pricing options in a vague world

Article Abstract:

The pricing of European options in a multiperiod binomial model that is characterized by ill-defined states of the world is described. The risk-neutral valuation approach for the pricing methodology is discussed.

Currency options, Euro (Currency), Euro currency transition

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Uncertain potential output: implications for monetary policy

Article Abstract:

Monetary policy must be conducted with incomplete knowledge of potential output. This causes gaps between supply and demand, unless the central bank makes relatively accurate estimates of production.

Science & research, Research, Production standards, Industrial capacity

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Optimal commitment policy under noisy information

Article Abstract:

The use of a New Keynesian sticky price model to find an optimal commitment monetary policy for central banks with noisy information is studied.

United Kingdom, Government expenditures, Models, Usage, Economic policy, Central banks, Information management, Keynesian economics, Information accessibility

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