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State Fiscal Institutions and the U.S. Municipal Bond Market

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NBER1997-10-01 更新2025-01-04 收录
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This paper presents new evidence on the effect of state fiscal institutions, particularly balanced-budget rules and restrictions on state debt issuance, on the yields on state general obligation bonds. We analyze information from the Chubb Relative Value Survey, which contains relative tax-exempt

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1997-10-01
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