González-Martel, Christian (contributor); … - 2003 - [Elektronische Ressource]
taxes and cutting spending in recessions, lowering taxes and increasing spending
in business cycle expansions. The only …
deficit or surplus would change over the business cycle if states made no statutory changes in tax
rates or discretionary … rainy day funds and other state savings represent real savings, and are sizeable
relative to state business cycles, there is …