Daniel Garrett

The Debt of Cities: Financing Local Public Investment

Cities, towns, counties, school districts, water districts, and other local public entities in the US are responsible for most infrastructure investment today. In order to finance much of this investment, they borrow over $400 billion per year in public capital markets by issuing municipal bonds. This project seeks to understand newly emerging phenomenon and issues in public finance markets in the US and abroad.

I'm happy to work with undergraduates broadly interested in public debt and investment in public infrastructure, especially if we can create data products that are useful across more than one project.