FRB of St. Louis Working Paper No. 2006-008A
10 Pages Posted: 8 Feb 2006
Date Written: February 2006
State revenue variability is evaluated using a volatility model rooted in portfolio theory. The model evaluates how closely a state's revenue portfolio is constructed to minimize variability in total state tax revenue. The model complements parametric methods of revenue variability.
Keywords: state revenue, variability, portfolio, taxes
JEL Classification: H71, G11
Suggested Citation: Suggested Citation
Garrett, Thomas A., Evaluating State Tax Revenue Variability: A Portfolio Approach (February 2006). FRB of St. Louis Working Paper No. 2006-008A. Available at SSRN: https://ssrn.com/abstract=881778 or http://dx.doi.org/10.2139/ssrn.881778