Implied probability density functions (PDFs) estimated from cross-sections of observed options prices are gaining … prices by no more than a half tick provide a lower bound on the confidence intervals of the summary statistics derived from …

the discount rate function directly to bond prices. ; The tests demonstrate the dangers of in-sample goodness-of-fit as … detect misspecification of the underlying pricing equation relating the term structure to bond prices. These tests establish … the presence of unspecified, but nonetheless systematic, omitted factors in the prices of long maturity notes and bonds …

Since 2010, housing prices in Germany have been growing on average by 6 percent a year. During the same period, the … rents have been increasing by 4 percent, which is significantly slower than the housing prices, but substantially faster … than the consumer prices. This is one of the results of the DIW Berlin study that examines the housing price dynamics in 71 …