01585cas a2200241 a 4500 AALejournalIMF006526 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455201204 1018-5941 BD-DhAAL BD-DhAAL Miyazaki, Masato. In Search of Lost Revenue : Why Restoring Fiscal Soundness After a Crisis is Harder Than it Looks / Masato Miyazaki. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2010/137 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/137/001.2010.issue-137-en.xml IMF e-Library