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and treasury bonds embeds news about future taxes in bond yield spreads. Including that measure of tax news in identified …
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through the municipal bond market. If asset markets are efficient, the yield spread between tax-exempt municipal bonds and …
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types of fiscal news -- government spending using the Survey of Professional Forecasters and taxes using the municipal bond …
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through the municipal bond market. If asset markets are efficient, the yield spread between tax-exempt municipal bonds and …
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