TL;DRAbstract
The purpose of this paper is to create an easily understandable version of the Ho-Lee interest rate model. The first part analyzes the model in detail, and the second part calibrates it to demonstrate how it can be applied to real market data.
Chat with Paper
AI Agents for this Paper
The purpose of this paper is to create an easily understandable version of the Ho-Lee interest rate model. The first part analyzes the model in detail, and the second part calibrates it to demonstrate how it can be applied to real market data.
Keywords
Exposition (narrative)CalibrationEconometricsInterest rateComputer scienceEconomicsMathematical economicsMathematics
Chat
Click to start Chat