All told, the Federal Reserve System has sponsored or co-sponsored more than 80 events related to foreclosures since last summer, reaching more than 6,000 attendees including lenders, counselors, community development specialists, and policymakers. We also have supported events that bring together borrowers with counselors, lenders, and servicers.
Notes: Simulation of the effect of a sovereign bond purchase programme of approximately 10 percent of GDP, take the expected reinvestment during this period into account. All simulations are conducted with the short-term interest rate pegged to the effective lower bound.