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|a Miyazaki, Masato.
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|a In Search of Lost Revenue :
|b Why Restoring Fiscal Soundness After a Crisis is Harder Than it Looks /
|c Masato Miyazaki.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (21 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a This note argues that because fiscal deficit after a crisis owe much to a drop in tax revenues and a sluggish revenue growth, its adjustment has to rely more on revenue augmentation than commonly thought. Cutting extra spending in the wake of the crisis would not balance the book, while a natural growth of tax revenue after the recovery may take a long time before financing the pre-crisis level of expenditure. Faced with unpopular choices, the government may implicitly prefer seeing higher inflation.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2010/137
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| 856 |
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/137/001.2010.issue-137-en.xml
|z IMF e-Library
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