Metadata

School: 

University of Richmond

Language: 

English

Language: 

English

Record Type: 

Thesis

Identifier:

oai:dspace.lasrworks.org:10349/956

Creator: 

Marsten, Chris

Contributor: 

University of Richmond. School of Arts & Sciences. Department of Economics.

Contributor: 

Croushore, Dean

Publisher: 

University of Richmond

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.