Giertz, J. Fred; Giertz, Seth H. - In: National Tax Journal 57 (2004) 1, pp. 111-32
We analyze the behavior of state revenues since the early 1950s to determine the severity of the revenue declines experienced by states after the 2001 recession. Both total state revenues for the nation and state–level data for each state are studied. We conclude that the states were indeed...