Federal environmental regulations under the Clean Air Act affect employment as local economies respond to a changing regulatory environment. We analyze the net employment growth and employment stability effects of Clean Air Act regulations, characterizing responses in these key indicators of...

type="main" <title type="main">ABSTRACT</title> <p>This paper employs Comprehensive Annual Financial Reports of the 35 largest population American cities from 2005 to 2011 to examine how these cities managed the Great Recession, which was a global macroeconomic shock particularly damaging to the housing sector. While broader...</p>

Revenue stability has been an important policy objective for state government administrators. This study explores whether the effect of revenue diversification on revenue volatility varies in terms of the instability of a state’s economic base. To empirically answer the question, an...

Purpose: This paper analyzes the impact of increased federal regulatory enforcement from the SEC's Municipalities Continuing Disclosure Cooperation (MCDC) initiative on municipal debt issuers continuing disclosure practices. Design/methodology/approach: We analyze the changes in continuing...