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Municipal Debt and Marginal Tax Rates: Is there a Tax Premium in Asset Prices?
16 references·1 citing·52 second hopsampled
Municipal Debt and Marginal Tax Rates: Is there a Tax Premium in Asset Prices? (2009)Municipal Debt and Marginal Tax Rates: Is…Dealer intermediation and price behavior in the aftermarket for new bond issues (2007)Dealer intermediation and pri…The Market Price of Risk in Interest Rate Swaps: The Roles of Default and Liquidity Risks* (2006)The Market Price of Risk in I…The Flight‐to‐Liquidity Premium in U.S. Treasury Bond Prices (2004)The Flight‐to‐Liquidity Premi…Optimal Asset Location and Allocation with Taxable and Tax‐Deferred Investing (2004)Optimal Asset Location and Al…Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market (2004)Corporate Yield Spreads: Defa…Bond Insurance: What Is Special About Munis? (2004)Bond Insurance: What Is Speci…Taxes and Corporate Finance: A Review (2003)Taxes and Corporate Finance: …Term Premia and Interest Rate Forecasts in Affine Models (2002)Term Premia and Interest Rate…Default Risk Cannot Explain the Muni Puzzle: Evidence from Municipal Bonds that are Secured by U.S. Treasury Obligations (1998)Default Risk Cannot Explain t…An Econometric Model of the Term Structure of Interest-Rate Swap Yields (1997)An Econometric Model of the T…A Simple Model of the Taxable and Tax-Exempt Yield Curves (1993)A Simple Model of the Taxable…Tax Arbitrage and the Existence of Equilibrium Prices for Financial Assets (1987)Tax Arbitrage and the Existen…Tax Clienteles and Asset Pricing (1986)Tax Clienteles and Asset Pric…An International Study of Tax Effects on Government Bonds (1984)An International Study of Tax…The Pricing of Tax-Exempt Bonds and the Miller Hypothesis (1982)The Pricing of Tax-Exempt Bon…Tax-induced clientele effects in the market for British government securities (1982)Tax-induced clientele effects…The Term Structure of Liquidity Premium (2019)The Term Structure of Liquidi…DEBT AND TAXES* (1977)Optimal capital structure under corporate and personal taxation (1980)Liquidity, default, taxes, and yields on municipal bonds (2007)Proof that Properly Anticipated Prices Fluctuate Randomly (2015)Heterogeneous Taxes and Limited Risk Sharing: Evidence from Municipal Bonds (2017)On the Pricing of Corporate Debt: The Risk Structure of Interest Rates (1974)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Optimal bond trading with personal taxes (1984)Financial Intermediation and the Costs of Trading in an Opaque Market (2005)Taxes on Tax‐Exempt Bonds (2010)Bank Runs, Deposit Insurance, and Liquidity (1983)Parsimonious Modeling of Yield Curves (1987)Inside the Black Box: The Credit Channel of Monetary Policy Transmission (1995)Valuation in Over-the-Counter Markets (2007)Bond Supply and Excess Bond Returns (2014)Is Gold a Hedge or a Safe-Haven Asset in the COVID–19 Crisis? (2020)An equilibrium characterization of the term structure (1977)Modeling Term Structures of Defaultable Bonds (1999)The Term Structure of Interbank Risk (2012)An Explanation of Negative Swap Spreads: Demand for Duration from Underfunded Pension Plans (2016)Quantifying Liquidity and Default Risks of Corporate Bonds over the Business Cycle (2017)A Theory of the Term Structure of Interest Rates (1985)Transform Analysis and Asset Pricing for Affine Jump-diffusions (2000)Liquidity Risk and Expected Stock Returns (2003)Forecasting Default with the Merton Distance to Default Model (2008)The Aggregate Demand for Treasury Debt (2012)The effect of pro-environmental preferences on bond prices: Evidence from green bonds (2018)Common risk factors in the returns on stocks and bonds (1993)A no-arbitrage vector autoregression of term structure dynamics with macroeconomic and latent variables (2003)Bond Risk Premia (2005)Variable Rare Disasters: An Exactly Solved Framework for Ten Puzzles in Macro-Finance * (2012)A Model of Sales. (1980)Equilibrium Price Dispersion (1983)Inside the black box: What explains differences in the efficiencies of financial institutions? (1997)Price dispersion in OTC markets: A new measure of liquidity (2010)Credit Ratings and the Cost of Municipal Financing (2017)Trading and Information Diffusion in Over-the-Counter Markets (2018)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Tax shelters and corporate debt policy (2006)The Value of Financial Flexibility (2008)The Effect of Corporate Taxes on Investment and Entrepreneurship (2010)Another Puzzle: The Growth in Actively Managed Mutual Funds (1996)On Persistence in Mutual Fund Performance (1997)Optimal Consumption and Investment with Capital Gains Taxes (2001)The Equity Premium (2002)Optimization Methods in Finance (2006)Portfolio Choice Problems (2010)Estimating the Price of Default Risk (1999)Affine Term Structure Models and the Forward Premium Anomaly (2001)Default and Recovery Implicit in the Term Structure of Sovereign CDS Spreads (2008)
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References

  • 2004Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market2,087 cited
  • 2002Term Premia and Interest Rate Forecasts in Affine Models1,581 cited
  • 1997An Econometric Model of the Term Structure of Interest-Rate Swap Yields793 cited
  • 2003Taxes and Corporate Finance: A Review786 cited
  • 2004The Flight‐to‐Liquidity Premium in U.S. Treasury Bond Prices561 cited
  • 2004Optimal Asset Location and Allocation with Taxable and Tax‐Deferred Investing287 cited
  • 2007Dealer intermediation and price behavior in the aftermarket for new bond issues212 cited
  • 2006The Market Price of Risk in Interest Rate Swaps: The Roles of Default and Liquidity Risks*193 cited
  • 1993A Simple Model of the Taxable and Tax-Exempt Yield Curves150 cited
  • 1982The Pricing of Tax-Exempt Bonds and the Miller Hypothesis135 cited
  • 1998Default Risk Cannot Explain the Muni Puzzle: Evidence from Municipal Bonds that are Secured by U.S. Treasury Obligations117 cited
  • 2004Bond Insurance: What Is Special About Munis?109 cited
  • 1984An International Study of Tax Effects on Government Bonds106 cited
  • 1986Tax Clienteles and Asset Pricing103 cited
  • 1987Tax Arbitrage and the Existence of Equilibrium Prices for Financial Assets

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98 cited
  • 1982Tax-induced clientele effects in the market for British government securities95 cited
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    • 2019The Term Structure of Liquidity Premium15 cited