, past research in public finance has focused on federal spending and policies and paid little attention to the economic … problems of state and local governments. Studies in State and Local Public Finance goes far in correcting this omission …

, past research in public finance has focused on federal spending and policies and paid little attention to the economic … problems of state and local governments. Studies in State and Local Public Finance goes far in correcting this omission … orientation and a concern with policy issues. The first two papers look at the role of tax-exempt bonds in local public finance …