Tax Reform and the Market For Tax-Exempt Debt
收藏NBER1989-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2900
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资源简介：
This paper provides clear evidence that the yield spread between long-term taxable and tax-exempt bonds responds to changes in expected individual tax rates, a finding that refutes theories of municipal bond pricing that focus exclusively on commercial banks or other financial intermediaries. The
提供机构：
美国国家经济研究局
创建时间：
1989-03-01
