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Cover for The Municipal Bond Federal Tax Exemption and National Credit Conditions
dc.contributor.advisorLarrimore, Jeffreyen
dc.creatoren
dc.date.accessioned2013-05-02T18:45:38Zen
dc.date.available2013-05-02T18:45:38Zen
dc.date.created2012en
dc.date.issueden
dc.date.submitted01/01/2012en
dc.identifier.otherAPT-BAG: georgetown.edu.10822_557838.tar;APT-ETAG: ffbc1649d608e3064b5362f6740db073; APT-DATE: 2017-02-16_15:43:03en
dc.identifier.urien
dc.descriptionM.P.P.en
dc.description.abstractTHE MUNICIPAL BOND FEDERAL TAX EXEMPTION AND NATIONAL CREDIT CONDITIONSen
dc.description.abstractAlexander J. Karjeker, B.S., B.A.en
dc.description.abstractThesis Advisor: Jeffrey Larrimore, Ph.D.en
dc.description.abstracten
dc.description.abstractABSTRACTen
dc.description.abstractThis paper builds on existing literature in estimating the determinants of municipal bond interest rates (yields). Much of that body of work has taken into account various factors, including most prominently, federal income tax rates and the municipal bond interest exemption. After the most recent financial crisis and policy response, new market data has become available to measure the riskiness of these bonds during a major recession and liquidity crunch. Further, current policy discussions now include the removal of the exemption. This research will examine what effect such policy would have on municipal bond yields and additionally, whether that effect would be the same or different in a post-financial crisis environment. The results indicate that a change in this policy would increase yields in a statistically significant way. However, changing policy in a post-financial crisis environment would not move yields in a perceivable way, though the effect is statistically significant. These are important conclusions for policy makers to consider when evaluating budgetary priorities.en
dc.formatPDFen
dc.format.extent29 leavesen
dc.languageenen
dc.publisherGeorgetown Universityen
dc.sourceGeorgetown University-Graduate School of Arts & Sciencesen
dc.sourcePublic Policy & Policy Managementen
dc.subjectmunicipal bondsen
dc.subjecttax exempten
dc.subjecttax policyen
dc.subjecttax reformen
dc.subjectyield determinantsen
dc.subject.lcshPublic policyen
dc.subject.lcshFinanceen
dc.subject.lcshEconomicsen
dc.subject.otherPublic policyen
dc.subject.otherFinanceen
dc.subject.otherEconomicsen
dc.titleThe Municipal Bond Federal Tax Exemption and National Credit Conditionsen
dc.typethesisen


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