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Sergey Pekarski1
  • 1 National Research University Higher School of Economics, 20 Myasnitskaya Str., Moscow, 101000, Russian Federation

Nonlinear 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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