Stock Market Yields and the Pricing of Municipal Bonds
收藏NBER1996-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5607
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资源简介：
This paper proposes an alternative to the traditional model for explaining the spread between taxable and tax-exempt bond yields. This alternative model is a special case of a general class of clientele models of portfolio choice and asset market equilibrium. In particular, we consider a setting
提供机构：
美国国家经济研究局
创建时间：
1996-06-01
