...Sotirios Karatzimas; Vasilios Christos Naoum; Paschalis Seretis Purpose This study explores the relationship between debt intensity and cost stickiness at the local government level, a setting characterized by the existence of debt constraints and political influence. Design/methodology...

... as moderators. Design/methodology/approach We used GMM estimators on two dynamic models and a sample of 144 Spanish municipalities with more than 50,000 inhabitants for the period 2013–2022. Findings Gender diversity within government teams reduces the municipal debt. Furthermore, the government right...

.... states should consider implementing escape clauses, debt and deficit ceilings, and fiscal councils. We also suggest that the Federal Reserve be open to lending directly to states during fiscal crises to ensure that states have access to affordable credit. Originality/value The balanced budget norm...

... governments; examines the impacts of inflation and high interest rates on local government revenue, operating costs, capital costs, and debt service; reviews local government inflation management strategies, including the use of intergovernmental revenue; and assesses ongoing threats to local government...

...Cleopatra Charles; Jongmin Shon Purpose The purpose of this paper is to use data on municipal bond sales in the US primary market for the period 1984–2007 to explore the effect of debt levels on the cost of borrowing for state governments. Design/methodology/approach This paper employs OLS...