A Review of the Rise of the US Public Debt Limit: Selected Theoretical Contributions and Legislative Changes

Kurečić Petar (), Kokotović Filip and Bandov Goran
Additional contact information
Kurečić Petar: University North (CROATIA)
Kokotović Filip: University North (graduate) (CROATIA)
Bandov Goran: Dag Hammarskjold University College of International Relations and Diplomacy (CROATIA)

Journal of Economic and Social Development, 2018, vol. 05, issue 02, 01-08

Abstract: For the most of its history, the US public debt has neither been a factor that, aside from rare crisis periods, acted as a factor of significant worry, nor was it a topic present in relevant policy debates. A key element often overlooked in the debate regarding the long-term sustainability of the public debt of developed economies is the legal framework that should prevent macroeconomic imbalances. The aim of this paper is to assess, through theoretical argumentation, the historical significance of the public debt in the USA. The paper concludes that the USA requires a more coherent and precise legal framework that will ensure the long-term stability of the American economy.

Keywords: public debt; legal framework; macroeconomic imbalances; the USA (search for similar items in EconPapers)
JEL-codes: A11 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.jesd-online.com/dokumenti/upload/separ ... urnal_CJ02_ART_4.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:joeasd:0101

Access Statistics for this article

More articles in Journal of Economic and Social Development from Clinical Journals Press
Bibliographic data for series maintained by Marijan Cingula ().