Government debt service, interest rates, and macroeconomic stability: a conceptual approach

The U.S. national debt exceeded $1 trillion, driven by COVID-19 spending and military conflicts. Debt service payments rose 80.4% in four years, from $521 billion to $940 billion. This paper presents a macroeconomic model analyzing the monetary policy’s impact on debt service and national debt growt...

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Bibliographic Details
Main Authors: Richard J. CEBULA, G. Jason JOLLEY, Kamal P. UPADHYAYA, Franklin G. MIXON Jr.
Format: Article
Language:English
Published: General Association of Economists from Romania 2025-06-01
Series:Theoretical and Applied Economics
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Online Access: http://store.ectap.ro/articole/1835.pdf
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