United States government decisions and economic activity: An empirical examination

Joseph Raymond Dziwura, Fordham University


This dissertation has examined the effect of government debt and deficits on real economic activity. Given recent attempts at analyzing the impact of debt and deficits on the U.S. economy, this has been a relevant and pertinent topic. Research is applied to the U.S. economy from 1955 to 1991. The empirical results presented here show that the conventional view of larger deficits and increasing debt and their impact on consumption, real interest rates, real exchange rates, and the current account is to some extent rigorously supported. There is a small amount of evidence, however, of Ricardian Equivalence. This study contributes to the body of economic literature because it provides a comprehensive empirical analysis on deficits and debt which did not previously exist.

Subject Area

Economics|Public administration

Recommended Citation

Dziwura, Joseph Raymond, "United States government decisions and economic activity: An empirical examination" (1993). ETD Collection for Fordham University. AAI9324611.