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

Author

Listed:
  • Richard H. Mattoon
  • Leslie McGranahan

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.

Suggested Citation

  • Richard H. Mattoon & Leslie McGranahan, 2012. "State tax revenues over the business cycle: patterns and policy responses," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Jun.
    • Handle: RePEc:fip:fedhle:y:2012:i:jun:n:299
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2012/cfljune2012_299.pdf
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    Citations

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    Cited by:

    1. Makridis, Christos & McNab, Robert, 2020. "The Fiscal Cost of COVID-19: Evidence from the States," Working Papers 10702, George Mason University, Mercatus Center.
    2. Andrea Louise Campbell & Michael W. Sances, 2013. "State Fiscal Policy during the Great Recession," The ANNALS of the American Academy of Political and Social Science, , vol. 650(1), pages 252-273, November.
    3. Bo Zhao, 2014. "Saving for a rainy day: estimating the appropriate size of U.S. state budget stabilization funds," Working Papers 14-12, Federal Reserve Bank of Boston.

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