Tractable Term-Structure Models and the Zero Lower Bound Staff Working Paper 2015-46 Anh Le, Bruno Feunou, Christian Lundblad, Jean-Sébastien Fontaine We greatly expand the space of tractable term-structure models. We consider one example that combines positive yields with rich volatility and correlation dynamics. Bond prices are expressed in closed form and estimation is straightforward. Content Type(s): Staff research, Staff working papers Topic(s): Asset pricing, Interest rates, International financial markets, International topics, Monetary policy and uncertainty, Monetary policy transmission JEL Code(s): G, G1, G12