Municipal Debt and Marginal Tax Rates: Is there a Tax Premium in Asset Prices?
收藏NBER2009-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w14687
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资源简介：
We study the marginal tax rate incorporated into short-term tax-exempt municipal rates using a unique new data set from the municipal swap market. By applying an affine term-structure framework, we are able to identify both the marginal tax rate and the credit/liquidity spread in one-week tax-exempt
提供机构：
美国国家经济研究局
创建时间：
2009-01-01
