New Techniques to Extract Market Expectations from Financial Instruments

Paul Söderlind and Lars Svensson

Working Papers from Stockholm - International Economic Studies

Abstract: Central banks have several reasons for extracting information from asset prices. Asset prices may embody more accurate and more up-to-date macroeconomic data than what is currently published or directly available to policy makers. Aberrations in some asset prices may indicate imperfections or manipulations relevant for banking and financial market surveillance. Especially, asset prices will reflect market participants' expectations about the future, which is the focus of this paper.

Keywords: CENTRAL BANKS; PRICING (search for similar items in EconPapers)
JEL-codes: E58 G12 (search for similar items in EconPapers)
Pages: 47 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (13)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: New techniques to extract market expectations from financial instruments (1997)
Working Paper: New Techniques to Extract Market Expectations from Financial Instruments (1997)
Working Paper: New Techniques to Extract Market Expectations from Financial Instruments (1997)
Working Paper: New Techniques to Extract Market Expectations from Financial Instruments (1997)
Working Paper: New Techniques to Extract Market expectations from Financial Instruments (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fth:stocin:621

Access Statistics for this paper

More papers in Working Papers from Stockholm - International Economic Studies UNIVERSITY OF STOCKHOLM, INSTITUTE FOR INTERNATIONAL ECONOMIC STUDIES, S- 106 91 STOCKHOLM SWEDEN.. Contact information at EDIRC.
Bibliographic data for series maintained by Thomas Krichel ().