[BOOK][B] State and local public finance

RC Fisher - 2022 - taylorfrancis.com
State and Local Public Finance provides a comprehensive and sophisticated analysis of
state and local government public finance practices and issues, using the basic tools of …

Conflicts of interest in municipal bond advising and underwriting

D Garrett - Available at SSRN 3835504, 2021 - papers.ssrn.com
A regulation following from Dodd-Frank prohibits municipal financial advisors from
simultaneously acting as municipal bond underwriters. Using a difference-in-differences …

Tax advantages and imperfect competition in auctions for municipal bonds

D Garrett, A Ordin, JW Roberts… - The Review of …, 2023 - academic.oup.com
We study the interaction between tax advantages for municipal bonds and the market
structure of auctions for these bonds. We show that this interaction can limit a bidder's ability …

Governmental incentives for green bonds investment

B Baldacci, D Possamaï - Mathematics and Financial Economics, 2022 - Springer
Motivated by the recent studies on the green bond market, we build a Principal–Agent model
in which an investor trades on a portfolio of green and conventional bonds, both issued by …

Tax-subsidized underpricing: The market for build america bonds

D Cestau, RC Green, N Schürhoff - Journal of Monetary Economics, 2013 - Elsevier
Abstract Build America Bonds (BABs) were issued by municipalities for 20 months as a part
of the 2009 fiscal package. Unlike traditional tax-exempt municipals, BABs are taxable to the …

The issuance of state and local debt during the United States Great Recession

RC Fisher, RW Wassmer - National Tax Journal, 2014 - journals.uchicago.edu
This research explores the borrowing behavior of state and local governments between
2008 and 2010, a period that encompasses the Great Recession. State and local …

Fiscal federalism in crisis: lessons for Europe from the US

Z Darvas - 2010 - unipub.lib.uni-corvinus.hu
The euro area is facing crisis, while the US is not, though the overall fiscal situation and
outlook is better in the euro area than in the US, and though the US faces serious state-level …

Indirect and direct subsidies for the cost of government capital: Comparing tax-exempt bonds and build america bonds

G Liu, DV Denison - National Tax Journal, 2014 - journals.uchicago.edu
Using data from the California primary market, we find that on average Build America Bonds
(BABs) have after-subsidy interest rates approximately 72 basis points lower than tax …

[BOOK][B] Lowering borrowing costs for states and municipalities through CommonMuni

A Ang, RC Green - 2011 - hamiltonproject.org
States and municipalities throughout the United States depend on the municipal bond
market to raise funds for important investments in America's schools, roads and highways …

Federal intervention in the municipal bond market: The effectiveness of the build america bond program and its implications on federal and subnational budgeting

MJ Luby - Public Budgeting & Finance, 2012 - Wiley Online Library
The American Recovery and Reinvestment Act of 2009 (ARRA) included several new
federal programs intended ostensibly to “unfreeze” the credit markets as a result of the …