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

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 finance; Business cycles;

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Bibliographic Information

Provider: Federal Reserve Bank of Chicago

Part of Series: Chicago Fed Letter

Publication Date: 2012

Issue: Jun

Order Number: 299