Economic derivatives

Blaise Gadanecz, Richhild Moessner and Christian Upper

BIS Quarterly Review, 2007

Abstract: Economic derivatives allow traders to take direct positions on the outcomes of macroeconomic data releases. In contrast to survey-based measures, the prices of economic derivatives provide information on the entire probability distribution underlying these expectations, not just point estimates. Measures for uncertainty derived from such distributions offer valuable information on how uncertainty about the economy evolves and affects financial markets.

JEL-codes: E44 G13 (search for similar items in EconPapers)
Date: 2007
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Citations: View citations in EconPapers (2)

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