What role do bond vigilantes play in the context of monetary policy?
Feldstein: Bond Vigilantes Are Finally Showing Themselves

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2.
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How have long-term interest rates been affected by the actions of the Fed?
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3.
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What is the significance of price analysis in relation to yield analysis?
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In what ways might price declines impact American behavior according to the discussion?
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What are the potential reactions of investors to positive yield despite price declines?
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