State tax revenues over the business cycle: patterns and policy responses

Richard H. Mattoon and Leslie McGranahan

Chicago Fed Letter, 2012, issue Jun, No 299

Abstract: State tax revenues have become far more sensitive to changing economic conditions since the turn of the century. The authors document this increasing volatility and offer suggestions for what state governments might do to better manage their tax revenues to avoid or minimize dramatic fiscal downturns.

Keywords: Taxation; state finances; Business cycles (search for similar items in EconPapers)
Date: 2012
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