Cities have struggled to raise traditional taxes, explains Michael Pagano of the University of Illinois at Chicago.
芝加哥伊利·诺亚大学的迈克尔·派格诺解释说，城市正力图增加传统税收。
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Secondly, from the perspective of macro and micro, this paper points to the financial mechanism promotes economic growth trough PAGANO model and the theory of financial function.
其次利用PAGANO模型和金融功能理论分别从宏观和微观两个角度来分析金融因素促进经济增长的机制；
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"There may be a reconsideration of that as this year continues to unfold, " said another co-author, Michael Pagano, dean of the College of Urban Planning at the University of Illinois and Chicago.