@ARTICLE{26543120_26549297_2000, author = {Sergey Pekarski}, keywords = {, budget deficit, public debt, inflationinflation model}, title = {

Nonlinear Effects of Inflation on Budget Deficit and Debt Outstanding

}, journal = {HSE Economic Journal }, year = {2000}, volume = {4}, number = {3}, pages = {309-332}, url = {https://ej.hse.ru/en/2000-4-3/26549297.html}, publisher = {}, abstract = {This paper examines the effects of inflation on the budget deficit, demand for real money balances, and debt outstanding. Following Drazen (1985), Bruno-Fischer (1990), Smirnov (1997) and others, a simple model demonstrates nonlinear effects and bifurcation of inflation in the system, describing steady state budget deficit finance in high-inflation economies. }, annote = {This paper examines the effects of inflation on the budget deficit, demand for real money balances, and debt outstanding. Following Drazen (1985), Bruno-Fischer (1990), Smirnov (1997) and others, a simple model demonstrates nonlinear effects and bifurcation of inflation in the system, describing steady state budget deficit finance in high-inflation economies. } }