New Research by Turner College Economist Explores Macroeconomic Implications of Massive Debt Service Obligations

Federal government spending in response to COVID-19 and military conflicts in Europe and the Middle East have combined to recently push the U.S. national debt above $1 trillion for the first time in history. As expected, annual debt service payments have risen sharply over the past four years, increasing from about $521 billion to $940 billion, representing an 80.4% increase. A new study by Turner College economist Frank Mixon and his colleagues Richard Cebula of the University of Tennessee, Jason Jolley of Ohio University and Kamal Upadhyaya of the University of New Haven develops a conceptual macroeconomic model to more fully appreciate the monetary policy impact on U.S. Treasury debt service and growth of the national debt that divides federal government spending into separate categories for (1) exogenous real expenditures on new goods and services and (2) interest rate sensitive payments made by the government to service its national debt. According to the study, which is set to appear in a future issue Theoretical and Applied Economics, if the absolute value of the interest rate sensitivity of the latter form of government spending is greater than that associated with household consumption and business investment, the macroeconomic multiplier associated with expansionary monetary policy is negative. This situation presents a vexing problem for policymakers, particularly in the presence of rising debt service obligations.

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ABDC Releases 2025 Journal Review, Now Ranks Journal Edited by Phil Bryant

The long-awaited journal review being conducted by the Australian Business Deans Council (ABDC) has been released and there are a number of news items that relate to faculty in the Turner College. One of these is the ABDC's decision to now include Compensation and Benefits Review in its journal rankings. This is big news for the Turner College as its editor, Phil Bryant , is a professor of management in the Turner College. The ABDC is proposing that the journal enter its system for the first time as a C-rated journal. Acting Turner College Dean Tesa Leonce sits on the journal's editorial board, while Turner College management professor Mark James has guest-edited an issue of the journal. Published by SAGE, Compensation & Benefits Review is the leading journal for senior executives and professionals who design, implement, evaluate and communicate compensation and benefits policies and programs. The journal supports compensation and benefits specialists and academic ex...

Deborah Kidder's Tenure as Dean of the Turner College Set to End on December 12th

The Turner College community was informed this morning that Deborah Kidder 's tenure as Dean of the organization is set to end on December 12, 2025. An e-mail communication to Turner College faculty from CSU Provost & Executive Vice President Dustin Anderson states, " I am writing to share that Dr. Deborah Kidder will be stepping down as Dean of the Turner College of Business & Technology, effective December 12, 2025. Under . . . Kidder's guidance, the college achieved a number of milestones, such as maintaining our AACSB accreditation, and the establishment of a Business Transfer Articulation with Columbus Technical College. We appreciate . . . Kidder’s service and contributions to the college during her time as Dean. In the interim, . . . Tesa Leonce-Regalado will be appointed Acting Dean to lead the college while we conduct a national search . . . John Finley has agreed to serve as Acting Associate Dean to support our faculty and students during this time as w...

The New Financial Times Top 50 Business Journals Just Released

The newest list of Top 50 journals in business has been released by The Financial Times . This list is used by many of the top business schools around the globe to evaluate business faculty. Containing only 50 journals, this list is generally too restrictive to use as an assessment tool at most business schools. The typical business school employs longer lists constructed by the Chartered Association of Business Schools, the Australian Business Deans Council and Scimago. The new FT Top 50 list is provided below. Congrats to Turner College faculty who have published from this list in the past, such as Charles Boster (accounting), Deborah Kidder (management), Laurence Marsh (management), Frank Mixon (economics) and Ed O'Donnell (marketing). Academy of Management Annals Academy of Management Journal Academy of Management Review Accounting Review Accounting, Organizations and Society Administrative Science Quarterly American Economic Review American Sociological Review Contemporar...

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