Rich, Robert; Bram, Jason; Haughwout, Andrew; Orr, James; … - In: The Review of Economics and Statistics 87 (2005) 4, pp. 627-634
This paper evaluates the use of measures of regional economic activity to forecast tax revenues for New York State and New York City at 3-, 6-, and 12-month horizons. We construct sales- and withholding-tax base series and then apply the methodology of Stock and Watson (1989, 1991) to estimate...
