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Social and Behavioral Sciences Commons

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2002

Kennesaw State University

Taxation

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Full-Text Articles in Social and Behavioral Sciences

A History Of Revenue Forecasts, Mark Rider Jan 2002

A History Of Revenue Forecasts, Mark Rider

Faculty Publications

Feenberg et al. (1989) apply a simple regression-based method to test the rationality of state revenue forecasts. Using the same regression-based methodology, we test the rationality of federal revenue forecasts for fiscal year 1802 through 2001. We find that Treasury forecasts of federal revenues satisfy the conditions of weak rationality.