bonds
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Why Passing the State Budget on Time is a Must for Stabilizing Market Conditions
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The authors of a study analyzing state budgets find that the lack of fiscal governance, defined as enacting a budget on time, causes variation in general obligation bond yield spreads for state issuers.
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Scaling Back Quantitative Easing: Domestic Recovery at a Foreign Cost
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Federal Reserve announcements about “tapering,” or reducing the level of quantitative easing, had significant negative impacts on financial asset prices in otherwise robust emerging market economies.
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Planning Ahead: Does Government “Beat the Clock”?
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How do governments respond to citizen-led initiatives?
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Municipal CFO Series: Ronald Green, Houston
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Houston’s CFO explains why the time is right for cities to invest in infrastructure