Author

Chris Marsten

Date of Award

Spring 2011

Document Type

Thesis

Degree Name

Bachelor of Arts

Department

Economics

First Advisor

Dr. Dean Croushore

Abstract

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.

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