01712cas a2200241 a 4500 AALejournalIMF010135 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451924053 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Some Microeconomics of Fiscal Deficit Reductions : The Case of Tax Expenditures. Washington, D.C. : International Monetary Fund, 1989. 1 online resource (31 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 paper considers the merits of reducing or eliminating some specific tax expenditure measures currently in force in the United States with a view to reducing the federal fiscal deficit. The paper starts from the observation that savings decisions in the United States are distorted and that therefore government borrowing to finance current expenditures results in significant welfare losses. It is possible by reducing or eliminating individual tax expenditures to reduce the fiscal deficit while at the same time enhancing economic efficiency. However, tax expenditures are heterogeneous so changes to the range of tax expenditures should be selective. Mode of access: Internet IMF Working Papers; Working Paper ; No. 1989/014 Full text available on IMF http://elibrary.imf.org/view/journals/001/1989/014/001.1989.issue-014-en.xml IMF e-Library