Polluting Public Funds: The Effect of Environmental Regulation on Municipal Bonds.
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https://www.nber.org/papers/w28210
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资源简介:
We present three findings on the effects of environmental regulation on the municipal bond market. First, yields increase (decrease) after a new standard is proposed (finalized), consistent with the resolution of regulatory uncertainty. Second, around annual compliance announcements, yields fall for
提供机构:
美国国家经济研究局
创建时间:
2020-12-01



