Research classified by Journal of Economic Literature (JEL) codes

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Top JEL
/ H: Public Economics
/ / H7: State and Local Government; Intergovernmental Relations
/ / / H74: State and Local Borrowing

2026

• Guan, Xinghua & Han, Ruixue & Mao, Jie, 2026, "Guarantee networks and financial resource allocation: Firm-level evidence from China," Journal of Asian Economics, Elsevier, volume 102, issue C, DOI: 10.1016/j.asieco.2025.102113.
• Zhang, Chuanhai & Zheng, Zhongjie & Bing, Tao, 2026, "The impact of climate risk on municipal bonds pricing: Evidence from Chinese Chengtou bonds," Pacific-Basin Finance Journal, Elsevier, volume 96, issue C, DOI: 10.1016/j.pacfin.2025.103040.
• Sean Dougherty & Christos Makridis, 2026, "Artificial intelligence and local debt: Evidence from five OECD bond markets," OECD Working Papers on Fiscal Federalism, OECD Publishing, number 51, Jan.
• Jeffery (Jinfan) Chang & Yuheng Wang & Wei Xiong, 2026, "Price and Volume Divergence in China’s Real Estate Markets: The Role of Local Governments," The Review of Financial Studies, Society for Financial Studies, volume 39, issue 2, pages 343-386.

2025

• Tian Qiu, 2025, "Public Financing and Racial Disparities: Does a Rising Tide Always Lift All Boats?," American Economic Journal: Economic Policy, American Economic Association, volume 17, issue 4, pages 331-353, November, DOI: 10.1257/pol.20220480.
• John M. Griffin & Nicholas Hirschey & Samuel Kruger, 2025, "Why Is the Fragmented Municipal Bond Market So Costly to Investors and Issuers?," Journal of Economic Perspectives, American Economic Association, volume 39, issue 2, pages 235-260, Spring, DOI: 10.1257/jep.20241411.
• Schclarek Alfredo & Juncos Ignacio, 2025, "Sources of Green Financing for Public Banks in North America (Canada, Mexico, and USA)," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4839, Dec.
• Javier Arribas-Vela & Blanca García-Moral & M.ª Isabel Laporta-Corbera, 2025, "La evolución de la deuda pública en España en 2024," Boletín Económico, Banco de España, issue 2025/T3, DOI: https://doi.org/10.53479/40427.
• Blesse Sebastian & Nover Justus, 2025, "Zustimmung oder Skepsis? Einstellungen der Bevölkerung zur Schuldenbremse in Deutschland über die Zeit," Perspektiven der Wirtschaftspolitik, De Gruyter, volume 26, issue 2, pages 174-192, DOI: 10.1515/pwp-2025-0005.
• Massimo Bordignon & Davide Cipullo & Gilberto Turati, 2025, "Strategic Bankruptcies. Do Smart Politicians Do It Better?," CESifo Working Paper Series, CESifo, number 11930.
• Yilin Hou & Lin Li & Lei Shao, 2025, "A Policy Reversal as Structural Break: A Lesson from China’s Land Lease Financing for Infrastructure," CESifo Working Paper Series, CESifo, number 12356.
• Cao, Mingyao & Duan, Keyi & Ibrahim, Haslindar, 2025, "Constraining effects of local government debt on bank loan growth," Economic Analysis and Policy, Elsevier, volume 85, issue C, pages 371-382, DOI: 10.1016/j.eap.2024.12.007.
• Zhang, Yihao & Xuan, Ye & Feng, Qiushuo, 2025, "Local government debt expansion and enterprise total factor productivity," Economic Analysis and Policy, Elsevier, volume 88, issue C, pages 492-510, DOI: 10.1016/j.eap.2025.09.020.
• Li, Yi & Li, Yang & Wang, Zhaohua, 2025, "Counting the carbon burden: Evidence from municipal bonds in China," Energy Economics, Elsevier, volume 148, issue C, DOI: 10.1016/j.eneco.2025.108690.
• Chen, Juan & Liu, Chenyan & Jin, Daxiang & Xiao, Zuoping, 2025, "Impact of economic policy uncertainty on China's urban construction investment bond financing costs," International Review of Financial Analysis, Elsevier, volume 100, issue C, DOI: 10.1016/j.irfa.2025.103979.
• Jia, Junyi & Chen, Jingwei & Yang, Yao, 2025, "Bond default of super-large real estate company and government debt risk," International Review of Financial Analysis, Elsevier, volume 103, issue C, DOI: 10.1016/j.irfa.2025.104158.
• Zhang, Guanglong & Lin, Qi & Chan, Kam C., 2025, "Local government debt and corporate labor decisions: Evidence from China," International Review of Financial Analysis, Elsevier, volume 106, issue C, DOI: 10.1016/j.irfa.2025.104534.
• Zhu, Enyang & Lang, Shusen, 2025, "Local government debt expansion and regional financial risks: mitigation effect of financial regulation or risk resonance?," Finance Research Letters, Elsevier, volume 86, issue PD, DOI: 10.1016/j.frl.2025.108608.
• Dagostino, Ramona, 2025, "The impact of bank financing on municipalities’ bond issuance and the real economy," Journal of Financial Economics, Elsevier, volume 166, issue C, DOI: 10.1016/j.jfineco.2025.104022.
• Aiello, Darren & Bernstein, Asaf & Kargar, Mahyar & Lewis, Ryan & Schwert, Michael, 2025, "The marginal value of public pension wealth: Evidence from border house prices," Journal of Financial Economics, Elsevier, volume 172, issue C, DOI: 10.1016/j.jfineco.2025.104134.
• Fremerey, Melinda & Lichter, Andreas & Löffler, Max, 2025, "Strategies and consequences of local fiscal consolidation: Evidence from Germany," Journal of Urban Economics, Elsevier, volume 149, issue C, DOI: 10.1016/j.jue.2025.103792.
• Zhang, Guanglong & Wang, Chuyu, 2025, "Local government debt and corporate cash holdings: Evidence from China," Pacific-Basin Finance Journal, Elsevier, volume 91, issue C, DOI: 10.1016/j.pacfin.2025.102722.
• Wan, Xihong & Guo, Min & Jiang, Ping & Xu, Lei, 2025, "Government accounting reform, fiscal transparency, and local government debts: Evidence from China," Pacific-Basin Finance Journal, Elsevier, volume 91, issue C, DOI: 10.1016/j.pacfin.2025.102763.
• Heinemann, Friedrich & Nover, Justus & Steger, Paul, 2025, "State-owned enterprises, fiscal transparency, and the circumvention of fiscal rules: The case of Germany," European Journal of Political Economy, Elsevier, volume 86, issue C, DOI: 10.1016/j.ejpoleco.2024.102633.
• Woongchan Jeon & Lint Barrage & Kieran James Walsh, 2025, "Warming with Borders: Forced Climate Migration and Carbon Pricing," CER-ETH Economics working paper series, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich, number 25/398, Mar.
• Tetyana Vitovshchyk & Svitlana Korzyk, 2025, "Participatory Budgeting as a Factor in Increasing Trust in Government and the Efficiency of Local Finances," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 26-33, December, DOI: 10.33146/2518-1181-2025-4(110)-26-3.
• Massimo Bordignon & Davide Cipullo & Gilberto Turati, 2025, "Strategic Bankruptcies. Do Smart Politicians Do It Better?," Working papers, Società Italiana di Economia Pubblica, number 121, Oct.
• Remo Nitschke & Felix Roesel, 2025, "Elite Persistence and Policy Persistence: Re-installed Mayors from Weimar Germany," FinanzArchiv: Public Finance Analysis, Mohr Siebeck, Tübingen, volume 81, issue 1, pages 1-36, DOI: 10.1628/fa-2025-0005.
• Barry Eichengreen & Poonam Gupta, 2025, "The State of the States:Federal Finance in India," India Policy Forum, National Council of Applied Economic Research, volume 21, issue 1, pages 26-94.
• Barry Eichengreen & Poonam Gupta, 2025, "The State of the States: Federal Finance in India," NCAER Working Papers, National Council of Applied Economic Research, number 180, Feb.
• Phiri Kampanje, Brian, 2025, "Municipal bonds as sustainable means of constructing secondary cities in Malawi under the Medium-term Implementation Plan (MIP-1) of the Malawi Vision 206," MPRA Paper, University Library of Munich, Germany, number 126555, Aug.
• Arlashkin, Igor (Арлашкин, Игорь) & Deryugin, Alexander (Дерюгин, Александр) & Filippova, Irina (Филиппова, Ирина), 2025, "The Influence of Intergovernmental Fiscal Relations on Regional Economic Growth
  [Влияние Межбюджетных Отношений На Экономический Рост В Регионах]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, issue 1, pages 56-83.
• Döring Thomas & Wohltmann Matthias, 2025, "Massive Krise der Kommunalfinanzen," Wirtschaftsdienst, Sciendo, volume 105, issue 8, pages 583-590, DOI: 10.2478/wd-2025-0149.
• Weber, Philipp & Zell, Laura A. & Feld, Lars P. & Schaltegger, Christoph A., 2025, "Functionality of fiscal rules in a low interest rate environment: New empirical results for Swiss cantons," Freiburg Discussion Papers on Constitutional Economics, Walter Eucken Institut e.V., number 25/6.
• Kunath, Gero, 2025, "Debt-fuelled growth in China and local government indebtedness: The consequences of an unbalanced economic growth model," IW-Reports, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 35/2025.

2024

• Minjie Deng, 2024, "Inequality, Taxation, and Sovereign Default Risk," American Economic Journal: Macroeconomics, American Economic Association, volume 16, issue 2, pages 217-249, April, DOI: 10.1257/mac.20210133.
• Rezk Ernesto & Martos Vocos María del Rosario & Abdelmasih Basel & Cabido Pilar & Moreno Tomás & Otegui Malena, 2024, "Did Fiscal Rules Contribute To Improve Provinces’ Fiscal Situation In Argentina?," Asociación Argentina de Economía Política: Working Papers, Asociación Argentina de Economía Política, number 4756, Nov.
• Aneesha Chitgupi & Ajay Shah & Manish K. Singh & Susan Thomas & Harsh Vardhan, 2024, "Who lends to the Indian state?," Working Papers, xKDR, number 34, Aug.
• Lenka Malicka, Jana Vancova, Daniela Hadacova, Dominika Juskova & Jana Vancova & Daniela Hadacova & Dominika Juskova, 2024, "Do women get into less debt? Gendered local political performance in the EU," E&M Economics and Management, Technical University of Liberec, Faculty of Economics, volume 27, issue 4, pages 151-175, December, DOI: 10.15240/tul/001/2024-4-010.
• Blanca García-Moral & M.ª Isabel Laporta-Corbera, 2024, "La evolución de la deuda pública en España en 2022," Boletín Económico, Banco de España, issue 2024/T1, DOI: https://doi.org/10.53479/35692.
• Blanca García-Moral & M.ª Isabel Laporta-Corbera, 2024, "La evolución de la deuda pública en España en 2023," Boletín Económico, Banco de España, issue 2024/T3, DOI: https://doi.org/10.53479/36757.
• Philipp Weber & Laura A. Zell & Lars P. Feld & Christoph A. Schaltegger, 2024, "Functionality of Fiscal Rules in a Low Interest Rate Environment – New Empirical Results for Swiss Cantons," CESifo Working Paper Series, CESifo, number 11351.
• Woongchan Jeon & Lint Barrage & Kieran James Walsh, 2024, "Pricing Climate Risks: Evidence from Wildfires and Municipal Bonds," CESifo Working Paper Series, CESifo, number 11447.
• Roberto Iacono & Krishna Chaitanya Vadlamannati, 2024, "Unintended Consequences of Externally Aided Projects on Fiscal Transfers: A Subnational Study of India," CESifo Working Paper Series, CESifo, number 11498.
• Lago, Ignacio, 2024, "Making countries small: The nationalization of districts in the United States," Political Science Research and Methods, Cambridge University Press, volume 12, issue 2, pages 416-425, April.
• Xie, Hongji & Tian, Cunzhi & Wu, Yuanlin, 2024, "Quid pro quo? Local government debt and corporate tax avoidance," The British Accounting Review, Elsevier, volume 56, issue 5, DOI: 10.1016/j.bar.2023.101304.
• Zhang, Shidai & Tsai, Kellee S., 2024, "‘One System, Two Shadows’: A local public finance perspective on China's shadow banking system," China Economic Review, Elsevier, volume 87, issue C, DOI: 10.1016/j.chieco.2024.102209.
• Liu, Yan & Wu, Guowei & Xiong, Chen, 2024, "Countercyclical central government transfers incentivize local government overborrowing: Theory and evidence," Economic Modelling, Elsevier, volume 132, issue C, DOI: 10.1016/j.econmod.2023.106625.
• Liang, Quanxi & Huang, Jinlan & Liang, Mingjun & Li, Jingxiang, 2024, "Economic growth targets and bank risk exposure: Evidence from China," Economic Modelling, Elsevier, volume 135, issue C, DOI: 10.1016/j.econmod.2024.106702.
• Chen, Wen, 2024, "How does local government debt affect bank loan pricing? Evidence from loan-level data," Economic Systems, Elsevier, volume 48, issue 3, DOI: 10.1016/j.ecosys.2024.101238.
• Ren, Zhaoyue & Xiong, Yang & Huang, Yongjian, 2024, "Local officials’ sentiment and government financing cost: Evidence from Chengtou bonds in China," Finance Research Letters, Elsevier, volume 63, issue C, DOI: 10.1016/j.frl.2024.105360.
• Cheng, Tingting & Qiu, Liping & Lv, Wenya & Yang, Xuanbin & Yang, Gang, 2024, "Economic policy uncertainty and municipal corporate bonds credit spreads: Evidence from China," Finance Research Letters, Elsevier, volume 69, issue PB, DOI: 10.1016/j.frl.2024.106170.
• Abakah, Alex Annan, 2024, "Does social capital matter in underwriter's fees?," Global Finance Journal, Elsevier, volume 62, issue C, DOI: 10.1016/j.gfj.2024.101005.
• Yao, Yining & Guo, Min & Jiang, Ping & Xu, Lei, 2024, "China's local government debt and firm tax burden," Pacific-Basin Finance Journal, Elsevier, volume 87, issue C, DOI: 10.1016/j.pacfin.2024.102469.
• del Castillo, Ernesto & Cabral, René, 2024, "Subnational public debt sustainability in Mexico: Is the new fiscal rule working?," European Journal of Political Economy, Elsevier, volume 82, issue C, DOI: 10.1016/j.ejpoleco.2024.102512.
• Ivanov, Ivan T. & Zimmermann, Tom, 2024, "The “Privatization” of municipal debt," Journal of Public Economics, Elsevier, volume 237, issue C, DOI: 10.1016/j.jpubeco.2024.105156.
• Dal Borgo, Mariela, 2024, "Effect of a transfer shock on subnational debt: Micro evidence from Mexico," Journal of Public Economics, Elsevier, volume 239, issue C, DOI: 10.1016/j.jpubeco.2024.105251.
• Filippo Curti & Ivan T. Ivanov & Marco Macchiavelli & Tom Zimmermann, 2024, "Exposure to Cyber Risk and Inadequate Cybersecurity Regulations: Evidence from Municipalities," Chicago Fed Letter, Federal Reserve Bank of Chicago, volume 501, September.
• Haoyu Gao & Fukang Chen & Yiling Ouyang, 2024, "The impacts of political uncertainty on public financing costs: evidence from anti-corruption investigations in China," Public Choice, Springer, volume 198, issue 1, pages 69-91, January, DOI: 10.1007/s11127-023-01111-7.
• Tamás Vasvári & Dóra Longauer, 2024, "Against the tide: how changes in political alignment affect grant allocation to municipalities in Hungary," Public Choice, Springer, volume 198, issue 3, pages 467-492, March, DOI: 10.1007/s11127-023-01138-w.
• Vasvári, Tamás & Pocsai, Erzsébet, 2024, "Kontrollok az önkormányzati hitelezésben - az elmúlt évtized tanulságai
  [Controls in municipal borrowing in Hungary - A decade of experience]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), volume 0, issue 9, pages 881-914, DOI: 10.18414/KSZ.2024.9.881.
• James R. Hines Jr. & Emily Horton, 2024, "Banks and Tax-Exempt Debt Arbitrage," NBER Working Papers, National Bureau of Economic Research, Inc, number 32647, Jul.
• Acauã Brochado & Sean Dougherty, 2024, "Riding the rollercoaster: Subnational debt in turbulent times," OECD Working Papers on Fiscal Federalism, OECD Publishing, number 47, Jun, DOI: 10.1787/c0a7fdc3-en.
• Nobuhiko Nakazawa, 2024, "Do mentoring and oversight matter? The effects of allocating central administrators to local government units: evidence from Japan," The Journal of Law, Economics, and Organization, Oxford University Press, volume 40, issue 2, pages 338-361.
• Daniel G Garrett, 2024, "Conflicts of Interest in Municipal Bond Advising and Underwriting," The Review of Financial Studies, Society for Financial Studies, volume 37, issue 12, pages 3835-3876.
• Kimberly Cornaggia & Xuelin Li & Zihan Ye, 2024, "Financial Effects of Remote Product Delivery: Evidence from Hospitals," The Review of Financial Studies, Society for Financial Studies, volume 37, issue 9, pages 2817-2854.
• Alexander GANCHEV & Catalin DEATCU, 2024, "Quantitative Dimensions of Yield Curve Dynamics in Post-Pandemic Environment – The Case of Romania," PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON ECONOMICS AND SOCIAL SCIENCES, Bucharest University of Economic Studies, Romania, volume 6, issue 1, pages 600-609, August.
• Ryota Nakatani, 2024, "Revenue Decentralization and the Probability of a Fiscal Crisis: Is There a Tipping Point for Adverse Effects?," Public Finance Review, , volume 52, issue 3, pages 376-396, May, DOI: 10.1177/10911421231217388.
• İlknur EKİNCİ & Aykut EKİNCİ & Murat Can GENÇ, 2024, "The Relationship Between Country Risk Premium, Loans and Macroeconomic Variables: Case of Türkiye," Sosyoekonomi Journal, Sosyoekonomi Society, issue 32(60).
• Moćević Amina & Lazović-Pita Lejla, 2024, "Determinants of local government debt in the Federation of Bosnia and Herzegovina," Financial Internet Quarterly (formerly e-Finanse), Sciendo, volume 20, issue 3, pages 58-69, DOI: 10.2478/fiqf-2024-0019.
• Drechsler Sina, 2024, "Die Nichtigkeit des zweiten Nachtragshaushalts 2021 – Bedeutung für Baden-Württemberg," Wirtschaftsdienst, Sciendo, volume 104, issue 11, pages 778-782, DOI: 10.2478/wd-2024-0199.
• Ivanov, Ivan T. & Zimmermann, Tom, 2024, "The "privatization" of municipal debt," CFR Working Papers, University of Cologne, Centre for Financial Research (CFR), number 24-04.

2023

• Gerald Carlino & Thorsten Drautzburg & Robert Inman & Nicholas Zarra, 2023, "Partisanship and Fiscal Policy in Economic Unions: Evidence from US States," American Economic Review, American Economic Association, volume 113, issue 3, pages 701-737, March, DOI: 10.1257/aer.20210147.
• Simona Prijakovic, 2023, "Budget Transparency And Debt Of Cities In Croatia," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, volume 32, issue 2, pages 585-613, december, DOI: 10.17818/EMIP/2023/2.14.
• Jaime Bonet-Morón & Jhorland Ayala-Garcia & Juan Manuel Patiño-Osorno, 2023, "La gestión fiscal de Barranquilla, 2000 – 2021," Documentos de trabajo sobre Economía Regional y Urbana, Banco de la Republica de Colombia, number 319, Nov, DOI: 10.32468/dtseru.319.
• Remo Nitschke & Felix Roesel, 2023, "Elite Persistence and Policy Persistence: Re-Installed Mayors from Weimar Germany," CESifo Working Paper Series, CESifo, number 10251.
• Benedict Clements & Sanjeev Gupta & João Jalles & Bernat Adrogue, 2023, "Climate Change and Government Borrowing Costs: A Triple Whammy for Emerging Market Economies," Working Papers, Center for Global Development, number 660, Oct.
• Chirinko, Robert, 2023, "What went wrong? The Puerto Rican debt crisis, the “Treasury Put,” and the failure of market discipline," Journal of Corporate Finance, Elsevier, volume 80, issue C, DOI: 10.1016/j.jcorpfin.2023.102409.
• Abakah, Alex Annan, 2023, "The impact of term limits on municipal borrowing costs," Global Finance Journal, Elsevier, volume 56, issue C, DOI: 10.1016/j.gfj.2023.100830.
• Cheng, Stephanie F. & De Franco, Gus & Lin, Pengkai, 2023, "Marijuana liberalization and public finance: A capital market perspective on the passage of medical use laws," Journal of Accounting and Economics, Elsevier, volume 75, issue 1, DOI: 10.1016/j.jacceco.2022.101516.
• Yoshida, Motonori, 2023, "Chronological changes of government sectors’ fiscal policies and fiscal sustainability in Japan," Japan and the World Economy, Elsevier, volume 66, issue C, DOI: 10.1016/j.japwor.2023.101178.
• Tran, Nhu & Uzmanoglu, Cihan, 2023, "Reprint of: COVID-19, lockdowns, and the municipal bond market," Journal of Banking & Finance, Elsevier, volume 147, issue C, DOI: 10.1016/j.jbankfin.2023.106758.
• Li, Daniel Z. & Li, Zeren & Zhang, Qi, 2023, "Public investment as downward benefit distribution: Theory and evidence from China’s public–private partnership programs," Journal of Economic Behavior & Organization, Elsevier, volume 211, issue C, pages 103-128, DOI: 10.1016/j.jebo.2023.03.025.
• Goto, Tsuyoshi & Yamamoto, Genki, 2023, "Debt issuance incentives and creative accounting: Evidence from municipal mergers in Japan," Journal of the Japanese and International Economies, Elsevier, volume 68, issue C, DOI: 10.1016/j.jjie.2023.101259.
• Jerch, Rhiannon & Kahn, Matthew E. & Lin, Gary C., 2023, "Local public finance dynamics and hurricane shocks," Journal of Urban Economics, Elsevier, volume 134, issue C, DOI: 10.1016/j.jue.2022.103516.
• A. Jesús Sánchez-Fuentes, 2023, "Recursos financieros y eficiencia del gasto público en las comunidades autónomas," EKONOMIAZ. Revista vasca de Economía, Gobierno Vasco / Eusko Jaurlaritza / Basque Government, volume 103, issue 01, pages 248-283.
• Juan Chen & Hongling Guo & Zuoping Xiao, 2023, "High-speed railway and urban construction investment bond yield spreads: a quasi-natural experiment," Review of Accounting and Finance, Emerald Group Publishing Limited, volume 22, issue 2, pages 227-248, March, DOI: 10.1108/RAF-10-2022-0298.
• Daniel Garrett & Ivan T. Ivanov, 2023, "Gas Guns and Governments: Financial Costs of Anti-ESG Policies," Working Paper Series, Federal Reserve Bank of Chicago, number WP 2023-07, Jan.
• Ivan T. Ivanov & Tom Zimmermann, 2023, "The “Privatization” of Municipal Debt," Working Paper Series, Federal Reserve Bank of Chicago, number WP 2023-30, Jul, DOI: 10.21033/wp-2023-30.
• Vladimir V. Klimanov & Anna A. Mikhaylova & Zoya I. Egorsheva, 2023, "Moscow Budget Policy: Opportunities for Responding to the Challenges of the New Reality," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 5, pages 79-93, October, DOI: 10.31107/2075-1990-2023-5-79-93.
• Shadrin Artem, 2023, "Municipal and sub-federal debt market in Russia in 2022," Published Papers, Gaidar Institute for Economic Policy, number ppaper-2023-1277, revised 2023.
• Alexander N. Deryugin, 2023, "Regional Budgets in Q3 2023
  [Региональные Бюджеты В Третьем Квартале 2023 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 87-91, December.
• Natalia V. Zubarevich & Dmitrii Yu. Zemlianskii, 2023, "Consolidated Budgets of the Regions of the Russian Federation in 2022: Main Trends
  [Консолидированные Бюджеты Субъектов Российской Федерации В 2022 Г.: Основные Тенденции]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 47-55, March.
• Alexander N. Deryugin, 2023, "Regional Budgets in 2022
  [Региональные Бюджеты В 2022 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 4, pages 61-65, April.
• Alexander N. Deryugin, 2023, "Regional Budgets in Q1 2023
  [Региональные Бюджеты В Первом Квартале 2023 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 7, pages 62-66, July.
• Alexander N. Deryugin, 2023, "Regional Budgets in H1 2023
  [Региональные Бюджеты В Первом Полугодии 2023 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 67-71, September.
• Alexander N. Deryugin, 2023, "Региональные Бюджеты В Третьем Квартале 2023 Г," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 12, pages 87-91, December.
• Natalia V. Zubarevich & Dmitrii Yu. Zemlianskii, 2023, "Консолидированные Бюджеты Субъектов Российской Федерации В 2022 Г.: Основные Тенденции," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 3, pages 47-55, March.
• Alexander N. Deryugin, 2023, "Региональные Бюджеты В 2022 Г," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 4, pages 61-65, April.
• Alexander N. Deryugin, 2023, "Региональные Бюджеты В Первом Квартале 2023 Г," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 7, pages 62-66, July.
• Alexander N. Deryugin, 2023, "Региональные Бюджеты В Первом Полугодии 2023 Г," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 9, pages 67-71, September.
• Benedict Clements & Sanjeev Gupta & João Jalles & Bernat Adrogue, 2023, "Climate Change and Government Borrowing Costs: A Triple Whammy for Emerging Market Economies," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2023/0294, Oct.
• Benedict Clements & Sanjeev Gupta & João Jalles & Bernat Adrogue, 2023, "Climate Change and Government Borrowing Costs: A Triple Whammy for Emerging Market Economies," Working Papers REM, ISEG - Lisbon School of Economics and Management, REM, Universidade de Lisboa, number 2023/0295, Oct.
• William Coleman, 2023, "Public debt and the common good: philosophical and institutional implications of fiscal imbalance," Constitutional Political Economy, Springer, volume 34, issue 2, pages 257-259, June, DOI: 10.1007/s10602-022-09370-0.
• Vladimir V. Dashkeev & Stephen J. Turnovsky, 2023, "Tax systems and public borrowing limits in a fiscal union," International Tax and Public Finance, Springer;International Institute of Public Finance, volume 30, issue 2, pages 351-395, April, DOI: 10.1007/s10797-021-09708-8.
• Andrzej Pawlik & Paweł Dziekański, 2023, "Financial risk in the activity of voivodships in Poland: Synthetic measure as an element of risk assessment in the activities of local government units in the years 2010-2020," International Entrepreneurship Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., volume 9, issue 2, pages 75-86.
• Manuel Adelino & Sophia Chiyoung Cheong & Jaewon Choi & Ji Yeol Jimmy Oh, 2023, "Mutual Fund Flows and the Supply of Capital in Municipal Financing," NBER Working Papers, National Bureau of Economic Research, Inc, number 30980, Feb.
• Zhenfa Li & Fulong Wu & Fangzhu Zhang, 2023, "State de-financialisation through incorporating local government bonds in the budgetary process in China," Journal of Economic Geography, Oxford University Press, volume 23, issue 5, pages 1169-1190.
• Botos, Katalin, 2023, "Inflation and finance," Public Finance Quarterly, Corvinus University of Budapest, volume 69, issue 4, pages 84-94, DOI: https://doi.org/10.35551/PFQ_2023_4.
• Nakatani, Ryota, 2023, "Revenue Decentralization and the Probability of a Fiscal Crisis: Is There a Tipping Point for Adverse Effects?," MPRA Paper, University Library of Munich, Germany, number 119032, Nov.
• Qing Miao & Michael Abrigo & Yilin Hou & Yanjun (Penny) Liao, 2023, "Extreme Weather Events and Local Fiscal Responses: Evidence from U.S. Counties," Economics of Disasters and Climate Change, Springer, volume 7, issue 1, pages 93-115, March, DOI: 10.1007/s41885-022-00120-y.
• Banaszewska Monika, 2023, "Spatial interactions in local public debt. Evidence from Poland," Economics and Business Review, Sciendo, volume 9, issue 3, pages 206-223, October, DOI: 10.18559/ebr.2023.3.751.
• Mourão Paulo Reis & Bronić Mihaela & Stanić Branko, 2023, "The Impact of Local Governments’ Budget Transparency on Debt in Croatia," South East European Journal of Economics and Business, Sciendo, volume 18, issue 2, pages 21-33, December, DOI: 10.2478/jeb-2023-0016.
• Onyenwife Kingsley C. & Ezeanyeji Clement I. & Ekesiobi Chukwunonso, 2023, "Public Debt and Economic Growth in Nigeria: A Consideration of New Evidence," Timisoara Journal of Economics and Business, Sciendo, volume 16, issue 1, pages 1-24, DOI: 10.2478/tjeb-2023-0001.
• Brand Stephan & Salzgeber Johannes, 2023, "Kommunalfinanzen in Zeiten steigender Zinsen," Wirtschaftsdienst, Sciendo, volume 103, issue 1, pages 55-61, January, DOI: 10.2478/wd-2023-0017.
• Farrell, Michael & Murphy, Dermot & Painter, Marcus & Zhang, Guangli, 2023, "The complexity yield puzzle: A textual analysis of municipal bond disclosures," Working Papers, The University of Chicago Booth School of Business, George J. Stigler Center for the Study of the Economy and the State, number 338.
• Mühlenweg, Leonard & Gerling, Lena, 2023, "Do fiscal rules reduce public investment? Evidence from European regions," CIW Discussion Papers, University of Münster, Center for Interdisciplinary Economics (CIW), number 1/2023.
• Beznoska, Martin & Hentze, Tobias & Kauder, Björn, 2023, "Wege aus der Verschuldung für die Kommunen in Nordrhein-Westfalen. Stellungnahme zum Antrag der SPD-Fraktion im Landtag NRW: "Altschuldenlösung endlich auf den Weg bringen - Kommunen aus Schuldenfalle retten"," IW-Reports, Institut der deutschen Wirtschaft (IW) / German Economic Institute, number 40/2023.
• Heinemann, Friedrich & Nover, Justus, 2023, "State-owned enterprises, fiscal transparency, and the circumvention of fiscal rules: The case of Germany," ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research, number 23-058.

2022

• Anna Mikhaylova & Evgeny Timushev, 2022, "The impact of institutions on regional credit ratings in Russia," R-Economy, Ural Federal University, Graduate School of Economics and Management, volume 8, issue 1, pages 43-56, DOI: https://doi.org/10.15826/recon.2022.
• Vladimir V. Klimanov & Sofia M. Kazakova, 2022, "Debt Policy for the Sustainable Development of Russian Regions and Megacities," R-Economy, Ural Federal University, Graduate School of Economics and Management, volume 8, issue 4, pages 327-339, DOI: https://doi.org/10.15826/recon.2022.
• Nazare da Costa Cabral & Carlos Fonseca Marinheiro, 2022, "Regional Administration: Fiscal Framework," CFP Occasional Papers, Portuguese Public Finance Council, number 01/2022, Jan.
• Victor Forte-Campos & Blanca García-Moral & M.ª Isabel Laporta-Corbera, 2022, "La evolución de la deuda pública en España en 2021," Boletín Económico, Banco de España, issue 4/2022.
• Jhorland Ayala-García & Clark Granger-Castaño & Ligia Alba Melo-Becerra, 2022, "Dinámica de las reglas fiscales subnacionales y la nacional," Documentos de trabajo sobre Economía Regional y Urbana, Banco de la Republica de Colombia, number 305, Mar, DOI: 10.32468/dtseru.305.
• Diego Martínez‐López, 2022, "Subnational borrowing and bailouts: When the federal government looks at the votes (differently) and its borrowing matters," Journal of Public Economic Theory, Association for Public Economic Theory, volume 24, issue 3, pages 609-633, June, DOI: 10.1111/jpet.12559.
• Melinda Fremerey & Andreas Lichter & Max Löffler, 2022, "Fiscal and Economic Effects of Local Austerity," CESifo Working Paper Series, CESifo, number 9800.
• Jhorland Ayala-García & Clark Granger-Casta�o & Ligia Alba Melo-Becerra, 2022, "Dinámica de las reglas fiscales subnacionales y la nacional," Documentos de Trabajo Sobre Economía Regional y Urbana, Banco de la República, Economía Regional, number 20037, Mar, DOI: 10.32468/dtseru.305.
• Gyourko, Joseph & Shen, Yang & Wu, Jing & Zhang, Rongjie, 2022, "Land finance in China: Analysis and review," China Economic Review, Elsevier, volume 76, issue C, DOI: 10.1016/j.chieco.2022.101868.
• Hirota, Haruaki & Iwata, Kazuyuki & Tanaka, Kenta, 2022, "Is public official training effective at reducing costs? Evidence from survey data on Japanese municipal mergers," Economic Analysis and Policy, Elsevier, volume 75, issue C, pages 145-158, DOI: 10.1016/j.eap.2022.05.006.
• Choi, Jaehyuk & Lu, Lei & Park, Heungju & Sohn, Sungbin, 2022, "The financial value of the within-government political network: Evidence from Chinese municipal corporate bonds," Finance Research Letters, Elsevier, volume 47, issue PA, DOI: 10.1016/j.frl.2021.102552.
• Chen, Zhiwei & Li, Zhaoyuan & Liu, Sibo, 2022, "The price of political polarization: Evidence from municipal issuers during the coronavirus pandemic," Finance Research Letters, Elsevier, volume 47, issue PB, DOI: 10.1016/j.frl.2022.102781.
• Huang, Shuo, 2022, "The unintended consequence of local government debt: evidence from stock price crash risk," Finance Research Letters, Elsevier, volume 50, issue C, DOI: 10.1016/j.frl.2022.103296.
• Cornaggia, Kimberly & Hund, John & Nguyen, Giang, 2022, "Investor attention and municipal bond returns," Journal of Financial Markets, Elsevier, volume 60, issue C, DOI: 10.1016/j.finmar.2022.100738.
• Fan, Jianyong & Liu, Yu & Zhang, Qi & Zhao, Peng, 2022, "Does government debt impede firm innovation? Evidence from the rise of LGFVs in China," Journal of Banking & Finance, Elsevier, volume 138, issue C, DOI: 10.1016/j.jbankfin.2022.106475.
• Tran, Nhu & Uzmanoglu, Cihan, 2022, "COVID-19, lockdowns, and the municipal bond market," Journal of Banking & Finance, Elsevier, volume 143, issue C, DOI: 10.1016/j.jbankfin.2022.106590.
• Gao, Pengjie & Lee, Chang & Murphy, Dermot, 2022, "Good for your fiscal health? The effect of the affordable care act on healthcare borrowing costs," Journal of Financial Economics, Elsevier, volume 145, issue 2, pages 464-488, DOI: 10.1016/j.jfineco.2021.09.003.
• Hirota, Haruaki & Yunoue, Hideo, 2022, "Fiscal rules and creative accounting: Evidence from Japanese municipalities," Journal of the Japanese and International Economies, Elsevier, volume 63, issue C, DOI: 10.1016/j.jjie.2021.101172.
• Chen, Wen & Zhu, Yufeng & He, Zehui & Yang, Yang, 2022, "The effect of local government debt on green innovation: Evidence from Chinese listed companies," Pacific-Basin Finance Journal, Elsevier, volume 73, issue C, DOI: 10.1016/j.pacfin.2022.101760.
• Heinemann, Friedrich & Janeba, Eckhard & Todtenhaupt, Maximilian, 2022, "Incumbency and expectations of fiscal rule compliance: Evidence from surveys of German policy makers," European Journal of Political Economy, Elsevier, volume 72, issue C, DOI: 10.1016/j.ejpoleco.2021.102093.
• Butler, Alexander W. & Yi, Hanyi, 2022, "Aging and public financing costs: Evidence from U.S. municipal bond markets," Journal of Public Economics, Elsevier, volume 211, issue C, DOI: 10.1016/j.jpubeco.2022.104665.
• Guo, Si & Pei, Yun & Xie, Zoe, 2022, "A dynamic model of fiscal decentralization and public debt accumulation," Journal of Public Economics, Elsevier, volume 212, issue C, DOI: 10.1016/j.jpubeco.2022.104692.
• Evans Kulu & William Gabriel Brafu-Insaidoo & James Atta Peprah & Eric Amoo Bondzie, 2022, "Government domestic debt arrears and private investment in Sub-Saharan Africa," African Journal of Economic and Management Studies, Emerald Group Publishing Limited, volume 13, issue 2, pages 190-204, January, DOI: 10.1108/AJEMS-06-2021-0281.
• Andrew F. Haughwout & Benjamin Hyman & Or Shachar, 2022, "The Municipal Liquidity Facility," Economic Policy Review, Federal Reserve Bank of New York, volume 28, issue 1, July.
• Shadrin Artem, 2022, "Russia’s municipal and sub-federal debt market in 2020," Published Papers, Gaidar Institute for Economic Policy, number ppaper-2022-1198, revised 2022.
• Alexander N. Deryugin, 2022, "Regional Budgets in Q3 2022
  [Региональные Бюджеты В Третьем Квартале 2022 Г]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 74-77, December.
• Alexander N. Deryugin, 2022, "Regional Budgets in January-September 2021: Public Budget Loans Replace Commercial Loans
  [Региональные Бюджеты В Январе-Сентябре 2021 Г.: Коммерческие Кредиты Замещаются Бюджетными]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 1, pages 64-67, January.
• Alexander N. Deryugin, 2022, "Regional Budgets in 2021: Safety Cushion has been Created
  [Региональные Бюджеты В 2021 Г.: Сформирована Подушка Безопасности]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 52-55, March.
• Alexander N. Deryugin, 2022, "Regional Budgets Maintain Sufficient Financial Sustainability at the End of 7 Months of 2022
  [Региональные Бюджеты По Итогам Января-Июля 2022 Г. Сохраняют Достаточную Финансовую Устойчивость]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 10, pages 69-73, October.
• Alexander N. Deryugin, 2022, "Региональные Бюджеты В Третьем Квартале 2022 Г," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 12, pages 74-77, December.
• Alexander N. Deryugin, 2022, "Региональные Бюджеты В Январе-Сентябре 2021 Г.: Коммерческие Кредиты Замещаются Бюджетными," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 1, pages 64-67, January.
• Alexander N. Deryugin, 2022, "Региональные Бюджеты В 2021 Г.: Сформирована Подушка Безопасности," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 3, pages 52-55, March.
• Alexander N. Deryugin, 2022, "Региональные Бюджеты По Итогам Января-Июля 2022 Г. Сохраняют Достаточную Финансовую Устойчивость," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 10, pages 69-73, October.
• Ignacio Lago, 2022, "Making countries small: The nationalization of districts in the United States," Working Papers. Collection A: Public economics, governance and decentralization, Universidade de Vigo, GEN - Governance and Economics research Network, number 2201, Mar.
• Ignacio Lago & Santiago Lago-Peñas, 2022, "Distance matters: The size of countries and the nationalization of politics," Working Papers. Collection A: Public economics, governance and decentralization, Universidade de Vigo, GEN - Governance and Economics research Network, number 2202, Apr.
• Santiago Calvo & María Cadaval, 2022, "The Impact of Soft Budget Constraint on the Fiscal Co-responsibility of the Autonomous Communities in Spain: The Case of Extraordinary Liquidity Funds (2012-2019," Hacienda Pública Española / Review of Public Economics, IEF, volume 240, issue 1, pages 151-190, March.
• Diego Martínez López & Fernando González González, 2022, "Los objetivos de déficit en las Comunidades Autónomas: una propuesta basada en la deuda," Hacienda Pública Española / Review of Public Economics, IEF, volume 241, issue 2, pages 105-141, June.
• Robert S. Chirinko, 2022, "What Went Wrong? The Puerto Rican Debt Crisis, the "Treasury Put," and the Failure of Market Discipline," IMES Discussion Paper Series, Institute for Monetary and Economic Studies, Bank of Japan, number 22-E-03, Mar.
• Yoon-Jung Choi, 2022, "Property tax interaction among overlapping local jurisdictions: quasi-experimental evidence from school bond referenda," International Tax and Public Finance, Springer;International Institute of Public Finance, volume 29, issue 3, pages 537-580, June, DOI: 10.1007/s10797-021-09678-x.
• K. R. Shanmugam & P.S. Renjith, 2022, "Empirical Analysis on Sustainability of Public Debt in Indian States," Working Papers, Madras School of Economics,Chennai,India, number 2022-235, Dec.
• Huaizhi Chen & Lauren Cohen & Weiling Liu, 2022, "Calling All Issuers: The Market for Debt Monitoring," NBER Working Papers, National Bureau of Economic Research, Inc, number 29790, Feb.
• Hulya Dagdeviren & Ewa Karwowski, 2022, "Impasse or mutation? Austerity and (de)financialisation of local governments in Britain
  [Regul(ariz)ation of fringe credit: Payday lending and the borders of global financial practice]," Journal of Economic Geography, Oxford University Press, volume 22, issue 3, pages 685-707.
• Hulya Dagdeviren & Ewa Karwowski, 2022, "Corrigendum to: Impasse or mutation? Austerity and (de)financialisation of local governments in Britain," Journal of Economic Geography, Oxford University Press, volume 22, issue 3, pages 709-709.
• Igor Cunha & Miguel A Ferreira & Rui C Silva, 2022, "Do Credit Rating Agencies Influence Elections?
  [The economic effects of public financing: evidence from municipal bond ratings recalibration]," Review of Finance, European Finance Association, volume 26, issue 4, pages 937-969.
• Kimberly Cornaggia & John Hund & Giang Nguyen & Zihan Ye, 2022, "Opioid Crisis Effects on Municipal Finance," The Review of Financial Studies, Society for Financial Studies, volume 35, issue 4, pages 2019-2066.
• Lela Nurlaela & Heri Ispriyadi & Dhika Habibi Zakaira, 2022, "The flypaper effect phenomenon of intergovernmental transfers during the Covid-19:Evidence from Indonesia," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, volume 40, issue 2, pages 353-373.
• Nobuo Akai & Tsuyoshi Goto, 2022, "The Fiscal Common Pool Problem, Municipal Mergers, and Spillovers," Public Finance Review, , volume 50, issue 3, pages 307-335, May, DOI: 10.1177/10911421221105519.
• Miguel A. Ferreira & Marta C. Lopes & Francisco Queiro & Hugo Reis, 2025, "Public funding and non-frontier entrepreneurship," Nova SBE Working Paper Series, Universidade Nova de Lisboa, Nova School of Business and Economics, number wp647.
• Gojković Biljana, 2022, "The Impact of the Covid 19 Crisis on the Fiscal Stability of Republic of Srpska," Economics, Sciendo, volume 10, issue 1, pages 145-156, June, DOI: 10.2478/eoik-2022-0006.
• Parray Waseem A. & Wani Suadat H. & Yasmin Effat, 2022, "Determinants of the Trade Balance in India. Evidence from a Post-Liberalisation Period," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, volume 32, issue 4, pages 16-37, December, DOI: 10.2478/sues-2022-0017.
• Guo,Si & Pei,Yun & Xie,Leiyu, 2022, "A Dynamic Model of Fiscal Decentralization and Public Debt Accumulation," Policy Research Working Paper Series, The World Bank, number 9927, Feb.
• Philipp Heimberger, 2022, "Österreichs Gemeinden im Kontext der Covid-19-Krise: Finanzausgleich bei steigenden Investitionsbedarfen und sinkenden Einnahmen," wiiw Research Reports in German language, The Vienna Institute for International Economic Studies, wiiw, number 20, Feb.
• Silano, Filippo, 2022, "Revolving doors in government debt management," ILE Working Paper Series, University of Hamburg, Institute of Law and Economics, number 61.

2021

• Kamaljit Singh & Simmi Vashishtha, 2021, "Liquidity infusion under Atmanirbhar Bharat scheme: A strategy to revive Indian power discoms," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 79-89.
• Victor Forte-Campos & Blanca García-Moral & M. Isabel Laporta-Corbera, 2021, "La evolución de la deuda pública en España en 2020," Boletín Económico, Banco de España, issue 3/2021.
• Savu, A., 2021, "The Local Political Economy of Austerity: Lessons from Hospital Closures in Romania," Cambridge Working Papers in Economics, Faculty of Economics, University of Cambridge, number 2120, Jan.
• Wu, Haijun & Yang, Jidong & Yang, Qijing, 2021, "The pressure of economic growth and the issuance of Urban Investment Bonds: Based on panel data from 2005 to 2011 in China," Journal of Asian Economics, Elsevier, volume 76, issue C, DOI: 10.1016/j.asieco.2021.101341.
• Han, Libin & Lu, Ming & Xiang, Kuanhu & Zhong, Huiyong, 2021, "Density, distance and debt: New-town construction and local-government financial risks in China," Journal of Asian Economics, Elsevier, volume 77, issue C, DOI: 10.1016/j.asieco.2021.101376.
• Ioannou, Stefanos & Wójcik, Dariusz & Pažitka, Vladimír, 2021, "Financial centre bias in sub-sovereign credit ratings," Journal of International Financial Markets, Institutions and Money, Elsevier, volume 70, issue C, DOI: 10.1016/j.intfin.2020.101261.
• Antulov-Fantulin, Nino & Lagravinese, Raffaele & Resce, Giuliano, 2021, "Predicting bankruptcy of local government: A machine learning approach," Journal of Economic Behavior & Organization, Elsevier, volume 183, issue C, pages 681-699, DOI: 10.1016/j.jebo.2021.01.014.
• Gao, Haoyu & Ru, Hong & Tang, Dragon Yongjun, 2021, "Subnational debt of China: The politics-finance nexus," Journal of Financial Economics, Elsevier, volume 141, issue 3, pages 881-895, DOI: 10.1016/j.jfineco.2021.05.028.
• Agrawal, Ashwini & Kim, Daniel, 2021, "Municipal bond insurance and the U.S. drinking water crisis," LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library, number 118888, Nov.
• Iwona Franczak, 2021, "Creative Accounting in Poland’s Sub-Sector of Local Governments," European Research Studies Journal, European Research Studies Journal, volume 0, issue 4 - Part , pages 997-1017.
• John Bagley & Nicholas Fritsch & Shawn Nee, 2021, "Municipal Markets and the Municipal Liquidity Facility," Working Papers, Federal Reserve Bank of Cleveland, number 21-07, Mar, DOI: 10.26509/frbc-wp-202107.
• Robert Bernhardt & Stefania D'Amico & Santiago I. Sordo Palacios, 2021, "The Impact of Covid-19 Related Policy Responses on Municipal Debt Markets," Working Paper Series, Federal Reserve Bank of Chicago, number WP-2021-14, Sep, DOI: 10.21033/wp-2021-14.
• Andrew F. Haughwout & Benjamin Hyman & Or Shachar, 2021, "COVID Response: The Municipal Liquidity Facility," Staff Reports, Federal Reserve Bank of New York, number 985, Sep.
• Andrew F. Haughwout & Benjamin Hyman & Or Shachar, 2021, "The Option Value of Municipal Liquidity: Evidence from Federal Lending Cutoffs during COVID-19," Staff Reports, Federal Reserve Bank of New York, number 988, Oct.
• Shadrin Artem, 2021, "Municipal and sub-federal debt market in 2020," Published Papers, Gaidar Institute for Economic Policy, number ppaper-2021-1120, revised 2021.
• Deryugin Alexander, 2021, "Regional Budgets in H1 2021: Income Growth
  [Региональные Бюджеты В Первом Полугодии 2021 Г.: Рост Доходов]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 9, pages 73-76, September.
• Deryugin Alexander, 2021, "Regional Budgets in Q1 2021: Own Revenues Are Recovering
  [Региональные Бюджеты В Первом Квартале 2021 Г.: Собственные Доходы Восстанавливаются]," Russian Economic Development, Gaidar Institute for Economic Policy, issue 5, pages 67-70, May.
• Deryugin Alexander, 2021, "Региональные Бюджеты В Первом Полугодии 2021 Г.: Рост Доходов," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 9, pages 73-76, September.
• Deryugin Alexander, 2021, "Региональные Бюджеты В Первом Квартале 2021 Г.: Собственные Доходы Восстанавливаются," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 5, pages 67-70, May.
• Diego Martínez-López, 2021, "Subnational borrowing and bailouts: when the federal government looks at the votes (diferently) and its borrowing matters," Working Papers. Collection A: Public economics, governance and decentralization, Universidade de Vigo, GEN - Governance and Economics research Network, number 2101, Jan.
• Ignacio Lago, 2021, "Making mobilization work: The choice of electoral systems," Working Papers. Collection A: Public economics, governance and decentralization, Universidade de Vigo, GEN - Governance and Economics research Network, number 2102, Jul.
• Antoni Zabalza, 2021, "The Provision of Public Services under Conditions of Financial Stress: Evidence from Spanish Autonomous Communities," Hacienda Pública Española / Review of Public Economics, IEF, volume 236, issue 1, pages 65-104, March.
• Christopher Biolsi & H. Youn Kim, 2021, "Analyzing state government spending: balanced budget rules or forward-looking decisions?," International Tax and Public Finance, Springer;International Institute of Public Finance, volume 28, issue 4, pages 1035-1079, August, DOI: 10.1007/s10797-020-09634-1.
• Darong Dai & Dennis W. Jansen & Liqun Liu, 2021, "Inter-jurisdiction migration and the fiscal policies of local governments," Journal of Economics, Springer, volume 132, issue 2, pages 133-164, March, DOI: 10.1007/s00712-020-00715-7.
• Jean-Philippe Meloche & François Vaillancourt, 2021, "Municipal Financing Opportunities: How Do Cities Use Their Fiscal Space?," IMFG Papers, University of Toronto, Institute on Municipal Finance and Governance, number 52, Apr.
• Gerald Carlino & Thorsten Drautzburg & Robert P. Inman & Nicholas Zarra, 2021, "Partisanship and Fiscal Policy in Economic Unions: Evidence from U.S. States," NBER Working Papers, National Bureau of Economic Research, Inc, number 28425, Feb.