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Keywords:Securities, Tax-exempt 

Journal Article
Tax rates and interest rates on tax-exempt securities

New England Economic Review , Issue Jan , Pages 29-41

Working Paper
Tax-exempt bonds really do subsidize municipal capital!

The traditional view of municipal finance holds that the federal tax-exemption of interest payments by state and local (municipal) governments provides a capital cost subsidy to municipal investment equal to the difference between interest rates on taxable and tax-exempt bonds. Recently, a new view has emerged which argues that tax-exemption plays a minor role, if any, in shaping municipal investment decisions. According to this new view, communities will use tax finance at the margin except in the unusual case where only debt finance is used. Thus, tax-exemption is an intramarginal (lump ...
Working Papers , Paper 96-9

Journal Article
Municipal bond behavior

FRBSF Economic Letter

Monograph
Short-term municipal securities

Monograph

Journal Article
Public subsidies for private purposes

A discussion of the use of municipal debt issues to fund publicly supported stadiums, focusing on the role of federal tax exemption as a hidden subsidy in reducing local funding costs and on the rationale for seeking public subsidies of private, local facilities.
Economic Commentary , Issue Apr

Journal Article
Tax-free bonds

FRBSF Economic Letter

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Wilcox, James A. 2 items

Fortune, Peter 1 items

Osterberg, William P. 1 items

Peek, Joe 1 items

Pozdena, Randall 1 items

Walter, John R. 1 items

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