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Economics Of U.S. Government Debt Accumulation, Carlos Ignacio Garcia Jimenez

LSU Doctoral Dissertations

The United States of America is an indebted nation in the early years of the new millennium, changing from $469 billion in 1973 to $14 trillion in 2010, as spending is justified on the basis that it promotes GDP growth which in turn increases societal benefits. Despite the benefits of debt, its effectiveness and the transmission mechanisms of fiscal policy are still on debate. Consequently, the economic effects of U.S. government debt accumulation are studied in three empirical research articles.

The dissertation is composed of five chapters. The first chapter is an introduction wherein the problem statement, the purpose, objectives …