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Empirical determinants of the relative yields on taxable and tax-exempt securities

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  • Buser, Stephen A.
  • Hess, Patrick J.
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    File URL: http://www.sciencedirect.com/science/article/pii/0304-405X(86)90069-3
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    Article provided by Elsevier in its journal Journal of Financial Economics.

    Volume (Year): 17 (1986)
    Issue (Month): 2 (December)
    Pages: 335-355

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    Handle: RePEc:eee:jfinec:v:17:y:1986:i:2:p:335-355
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/505576

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    Cited by:

    1. Xu, Kuan, 1998. "Income uncertainty, substitution effect and relative yield spreads," The Quarterly Review of Economics and Finance, Elsevier, vol. 38(2), pages 217-225.
    2. McConnell, John J. & Saretto, Alessio, 2010. "Auction failures and the market for auction rate securities," Journal of Financial Economics, Elsevier, vol. 97(3), pages 451-469, September.
    3. Merle Erickson & Austan Goolsbee & Edward Maydew, 2002. "How Prevalent is Tax Arbitrage? Evidence from the Market for Municipal Bonds," NBER Working Papers 9105, National Bureau of Economic Research, Inc.
    4. Poterba, James M., 1989. "Tax reform and the market for tax-exempt debt," Regional Science and Urban Economics, Elsevier, vol. 19(3), pages 537-562, August.
    5. N. Gregory Mankiw & James M. Poterba, 1996. "Stock Market Yields and the Pricing of Municipal Bonds," NBER Working Papers 5607, National Bureau of Economic Research, Inc.
    6. Brooks, Robert, 1999. "Municipal bonds: a contingent claims perspective," Financial Services Review, Elsevier, vol. 8(2), pages 71-85.
    7. Slemrod, Joel & Greimel, Timothy, 1999. "Did Steve Forbes scare the US municipal bond market?," Journal of Public Economics, Elsevier, vol. 74(1), pages 81-96, October.
    8. Patric H. Hendershott & Joe Peek, 1989. "Interest Rates in the Reagan Years," NBER Working Papers 3037, National Bureau of Economic Research, Inc.
    9. Francis A. Longstaff, 2009. "Municipal Debt and Marginal Tax Rates: Is there a Tax Premium in Asset Prices?," NBER Working Papers 14687, National Bureau of Economic Research, Inc.
    10. Simon, David P., 1996. "An empirical reconciliation of the Miller model and the generalized capital structure models," Journal of Banking & Finance, Elsevier, vol. 20(1), pages 41-56, January.
    11. Joel Slemrod & Timothy Greimel, 1998. "Did Steve Forbes Scare the Municipal Bond Market?," NBER Working Papers 6583, National Bureau of Economic Research, Inc.
    12. Kryzanowski, Lawrence & Xu, Kuan, 1997. "Long-term equilibria of yields on taxable and tax-exempt bonds," International Review of Economics & Finance, Elsevier, vol. 6(2), pages 119-143.

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