Department
Economics, Finance and Quantitative Analysis
Document Type
Article
Publication Date
2002
Abstract
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.
Journal Title
Public Finance and Management
Journal ISSN
1523-9721
Volume
22
Issue
3
First Page
470
Last Page
487