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Sergey Pekarski1Nonlinear Effects of Inflation on Budget Deficit and Debt Outstanding
2000.
Vol. 4.
No. 3.
P. 309–332
[issue contents]
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.
Citation:
Pekarski S. (2000) Nelineynye effekty vozdeystviya inflyatsii na byudzhetnyy defitsit i gosudarstvennyy dolg [Nonlinear Effects of Inflation on Budget Deficit and Debt Outstanding]. HSE Economic Journal , vol. 4, no 3, pp. 309-332 (in Russian)
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