Garrett, Thomas A.; Wagner, Gary A. - Federal Reserve Bank of St. Louis - 2003
Bank of St. Louis
Gary A. Wagner
A.J. Palumbo School of Business
Duquesne University
Abstract
This …. The amount by which revenue from a specific tax varies with the
business cycle is referred to as the cyclical variability … differently to changes in the business cycle, the various sources of revenue for state
governments will react differently to …