Upcoming Event

13th annual Municipal Finance Conference

Wednesday, July 17 - Thursday, July 18, 2024
Brookings Institution

1775 Massachusetts Avenue N.W.
Washington, DC

MFC 2024 logo landscape

The annual Municipal Finance Conference brings together academics, practitioners, issuers, and regulators to discuss recent research on municipal capital markets and state and local fiscal issues. The conference is a joint venture of the Hutchins Center on Fiscal and Monetary Policy at Brookings, the Rosenberg Institute of Global Finance at the Brandeis International Business School, the Mitchell E. Daniels Jr. School of Business at Purdue University, and the Harris School of Public Policy at the University of Chicago. The 2024 conference will be held primarily in person – there will be livestream options for remote viewers – on July 17 and 18 at Brookings Institution.

*Please find a draft agenda below (subject to change). 


  • July 17
    • DAY 1: Wednesday, July 17

    • Breakfast/registration opens

      9:00 am - 9:30 am

    • Welcome remarks

      9:30 am - 9:35 am

    • Paper session 1

      9:35 am - 11:20 am

      Digital Data Standards Support Greater Transparency and Opportunity in the Municipal Bond Markets

      Authors: Christine Kuglin (University of Denver), Stephanie Leiser (University of Michigan Ford School of Public Policy), and Michelle Savage (XBRL US)

      Discussant: Mike Olander (Bloomberg)

      Mark-Up Disclosure Rule and Its Effects on Trading Costs in the Municipal Bond Market

      Author: Yu He (University of Nebraska-Lincoln)

      Discussant: Brad Wendt (Charles River Associates)

      Do School Bond Issuances and Outcomes Depend on Ballot Disclosures?

      Authors: Nicole Boyson (Northeastern University) and Weiling Liu (Northeastern University)

      Discussant: Jess Cornaggia (Penn State University)

    • Panel/fireside chat

      11:20 am - 12:20 pm

      Details to come.

    • Breakout lunches

      12:20 pm - 1:30 pm

    • Paper session 2

      1:30 pm - 2:40 pm

      State Government Trifectas and Municipal Bond Pricing

      Authors: Riddha Basu (George Washington University), Amanda Beck (Georgia State University), Angela Gore (George Washington University), and Kevin Rich (Marquette University)

      Discussant: Tracy Gordon (Urban-Brookings Tax Policy Center)

      Flow-Induced Trading: Evidence from the Daily Trading of Municipal Bond Mutual Funds

      Authors: Sergey Chernenko (Purdue University) and Viet-Dung Doan (Hong Kong Baptist University)

    • Paper session 3

      2:40 pm - 4:25 pm

      Procurement and Infrastructure Costs

      Authors: Zachary Liscow (Yale University), Will Nober (Columbia University), and Cailin Slattery (University of California, Berkeley)

      Discussant: Leah Brooks (George Washington University)

      City Hall Has Been Hacked! The Financial Costs of Lax Cybersecurity

      Authors: Filippo Curti (Federal Reserve Bank of Richmond), Ivan Ivanov (Federal Reserve Bank of Chicago), Marco Macchiavelli (University of Massachusetts Amherst), and Tom Zimmermann (University of Cologne)

      Discussant: Anna Scherbina (Brandeis International Business School)

      A Market-Based Measure of Climate Risk for Cities

      Authors: Alex Butler (Rice University) and Cihan Uzmanoglu (Binghamton University-SUNY)

      Discussant: Erika Smull (Breckinridge Capital Advisors)

    • Break

      4:25 pm - 4:35 pm

    • Panel/fireside chat

      4:35 pm - 5:35 pm

      Details to come.

    • Cocktail reception

      5:35 pm

    • DAY 2: Thursday, July 18

  • July 18
    • Breakfast/registration opens

      8:00 am - 8:30 am

    • Opening remarks

      8:30 am - 8:35 am

    • Paper session 4

      8:35 am - 9:45 am

      Winning at the Starting Line: Underwriter Connections and Municipal Bond Fund Performance

      Authors: Bingkuan Cao (University of Nebraska-Lincoln), Russ Wermers (University of Maryland at College Park), and Zihan Ye (University of Tennessee)

      From Arm’s Length to Arm in Arm: Banks and Municipal Bond Financing

      Authors: Gustavo Cortes (University of Florida), Igor Cunha (University of Kentucky), and Sharjil Haque (Federal Reserve Board)

    • Paper session 5

      9:45 am - 10:55 am

      Markup or Markdown: National Underwriters’ Exit and the Changing Landscape of Municipal Finance

      Authors: John Hund (University of Georgia), Christian Lundblad (University of North Carolina, Chapel Hill), Christos Makridis (Stanford University), and Giang Nguyen (Pennsylvania State University)

      Discussant: Yaffa Rattner (HilltopSecuritie)

      When the Thin Bench Gets Thinner: Investment Bank Consolidation and Municipal Finance

      Author: Renping Li (Washington University in St. Louis)

      Discussant: Peter Iliev (Penn State University)

    • Break

      10:55 am - 11:05 am

    • Paper session 6

      11:05 am - 12:15 pm

      Federal Assistance and Municipal Borrowing: Unpacking the Effects of the CARES Act on Government Liquidity Management

      Author: Luis Navarro (Indiana University, Bloomington)

      Discussant: Lauren Larson (Brookings Institution)

      Tax-Exempt Tenders — A Critical Examination

      Authors: Andrew Kalotay (Kalotay Advisors, Inc.) and Martin Luby (University of Texas at Austin)

      Discussant: Allen Garman (Maryland Transportation Authority)

    • Panel/fireside chat

      12:15 pm - 1:15 pm

      Details to come.