Working Paper
State and local finances and the macroeconomy: the high-employment budget and fiscal impetus
Kusko, Andrea L.; Follette, Glenn; Lutz, Byron F. (2009)
We examine the interplay of the economy and state and local budgets by developing and examining two measures of fiscal policy: the high-employment budget and fiscal impetus. We find that a 1 percentage point increase in cyclical GDP results in a 0.1 percentage point increase in NIPA-based net saving through the automatic response of taxes and expenditures. State and local budget policies are found to be modestly pro-cyclical. Stimulus to aggregate demand is about 0.2 percentage point less following a business cycle peak than it is during the period before the business cycle peak.
Finance and Economics Discussion Series , Paper 2009-05

Working Paper
State and local fiscal indicators
Kusko, Andrea L.; Rubin, Laura S. (1993)
Working Paper Series / Economic Activity Section , Paper 132

Working Paper
The individual income tax: implications of progressivity for labor supply
Kusko, Andrea L. (1981)
Working Paper Series / Economic Activity Section , Paper 19