We consider here the problem of quantum noise in light produced by an optical parametric oscillator operating below threshold inside a single-sided cavity. By employing the correct boundary conditions on quantum fields at the output mirror, a procedure that is valid for arbitrary mirror transmission, we derive exact expressions for quantum-noise reduction for arbitrary pump phase and output-mirror coupling. We find that for a given output-mirror power reflectance R, squeezing of quantum noise in the intracavity field increases to a final fractional value equal to R/(1+R) as the pump intensity is increased and the oscillation threshold is approached. The output field, on the other hand, exhibits perfect squeezing of noise in one quadrature of its central Fourier component at threshold regardless of the output-mirror coupling. The present approach, which is based on boundary conditions, is quite general and applicable to any matter-field interaction problem inside a cavity.
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