A perfect calibration! now what?

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A Novel Pricing Method for European Options Based on Fourier-Cosine Series Expansions (2008, methodology): “75 from [23] for the experiments based on GBM as well as on the Heston model.”
Calibration and hedging under jump diffusion (2007, background): “Indeed, one should be aware of this when calibration is carried out using vanillas only, as the procedure will most likely fail to capture the " fine-grain structure " of the underlying stochastic process that is involved in pricing exotics (Schoutens et al., 2004).”
Calibration Risk for Exotic Options (2007, unknown): “Schoutens et al. [2004] consider up and out calls (with strike equal to spot) and cliquet options with three years to maturity.”
Sato processes and the valuation of structured products (2009, background): “In this regard we answer the title of Schoutens et al. (2004), ‘‘A perfect calibration!”
SMILE ASYMPTOTICS II: MODELS WITH KNOWN MOMENT GENERATING FUNCTIONS (2006, methodology): “The Heston model is a stochastic volatility model defined by the following stochastic differential equations: dSt St = √ vtdW 1 t dvt = κ(η − vt)dt+ vtdW 2 t (9)Following [12] we take μ = 0 here.”