creator Federal Reserve Bank of San Francisco 522 Papers presented at the Federal Reserve Bank of San Francisco's annual macroeconomics conference explored the effects of Federal Reserve long-term bond purchases on longer-term interest rates; improvements to macroeconomic models to better account for the zero bound; and optimal monetary policy at the zero bound. Although the zero lower bound is a substantial constraint on traditional monetary policy, the Fed still has other policy options available that can improve U.S. economic performance. eng February 15, 2011 multipart 2011-02-25 9949 2026-08-31 16:06:16 2026-08-27 12:32:00 title 9926 text http://rightsstatements.org/vocab/InC/1.0/

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