J. G. Keller

Learn More
In 2004 all publications will carry a motif taken from the €100 banknote. and participants at the CEPR-INSEAD conference on " Monetary Policy Effectiveness: Theory, Evidence, Challenges " for helpful comments and discussions.Views expressed reflect exclusively the authors' own opinions and do not necessarily reflect those of the European Central Bank.(More)
In 2004 all publications will carry a motif taken from the €100 banknote. 1 The views expressed in this paper are those of the authors and do no necessarily reflect those of the ECB.We wish to thank von Thadden and an anonymous referee for useful discussions and comments on a previous version of the paper. Telex 411 144 ecb d All rights reserved.(More)
Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not(More)
Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not(More)
Working papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views stated herein are those of the authors and are not(More)
Discussion Papers represent the authors' personal opinions and do not necessarily reflect the views of the Deutsche Bundesbank or its staff. Abstract We estimate the process underlying the pricing of American options by using higher-order lattices combined with a multigrid method. This paper also tests whether the risk-neutral densities given from American(More)
  • 1