Purpose: This study investigates the impact of federal income tax rates and budget deficits on the nominal interest rate yield on high-grade municipal tax-free bonds (municipals) in the US. The 58-year study period covers the years 1959 through 2016 and thus is very recent....

This study extends the literature on relative price dispersion by addressing two questions that have remained largely unanswered: (a) What is the impact on relative price dispersion of the variance of the uncertain relationship between money and prices? (b) Is there evidence across industries of...

This study addresses a question that has not been researched much previously, namely, does the unavailability of health insurance act as an incentive for persons to enlist in the military in the U.S.? This relationship is proffered as the “Military Health Care Magnet Hypothesis.” The present...