THE RELATIONSHIP BETWEEN GOVERNMENT FINANCIAL CONDITION AND EXPECTED TAX RATES REFLECTED IN MUNICIPAL BOND YIELDS
- 1 March 1997
- journal article
- research article
- Published by University of Chicago Press in National Tax Journal
- Vol. 50 (1) , 23-38
- https://doi.org/10.1086/ntj41789241
Abstract
Yields on long-term municipal bonds reflect both current and expected future tax rates. This paper derives expected changes in tax rates from yields on short-term and long-term municipal bonds and ...Keywords
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