Date of Award
Bachelor of Arts
Dr. Dean Croushore
Bond Vigilantes are bond investors who protest structural government debt by selling bonds, increasing real yields. This increases the costs for government to borrow, allegedly causing a decrease in expenditures and ultimately a decrease in structural deficits. Models are presented which capture this effect, and offer evidence that these mechanisms have occurred over the past 50 years.
Marsten, Chris, "Bond vigilantes : the invisible hand of government regulation" (2011). Honors Theses. 104.