CARLSBAD, Calif. — As economists debate whether the federal stimulus package has created the jobs and economic growth promised, municipal bond market professionals have little doubt that the American Recovery and Reinvestment Act has revived their market.

A wide range of market participants who spoke at The Bond Buyer’s California Public Finance Conference and a pre-conference hosted by the California Debt and Investment Advisory Commission this week described the ways the stimulus package has eased the financial crisis in their corners of the market.

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