Title:

The Economic Effects of Public Financing: Evidence from Municipal Bond Ratings Recalibration

Authors:

Manuel Adelino (Duke U)
Igor Cunha (U Kentucky)
Miguel Almeida Ferreira (Nova SBE)

Journal:

Review Of Financial Studies

Year:

2017

Volume:

30

Number:

9

Pages:

3223-3268

JEL codes:

E32 - Business Fluctuations; Cycles
H72 - State and Local Budget and Expenditures
G24 - Investment Banking; Venture Capital; Brokerage; Rating Agencies
P25 - Urban, Rural, and Regional Economics; Housing; Transportation