In terms of a sociopolitical phenomenon, 'The Bond Markets' are a recently new development in British politics. Their negative reaction to Liz Truss's cataclysmically unfunded neoliberal budget brought the concept to the forefront of Britain's political narrative and the country's recent economic woes have made them more important than ever.
In this paper, economist Daniela Gabor argues that the grip of the markets is a product of policy choices and institutional arrangements and that to maximise policy autonomy, governments need institutional andstructural reforms.
---
All papers represent the views of the author alone and not necessarily those of Mainstream.
.png)