TY  - JOUR
TI  - <p class="text">Nonlinear Effects of Inflation on Budget Deficit and Debt Outstanding</p>
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - budget deficit
KW  - public debt
KW  - inflation
KW  - inflation model
AB  - 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.&nbsp;
AU  - Sergey Pekarski
UR  - https://ej.hse.ru/en/2000-4-3/26549297.html
PY  - 2000
SP  - 309-332
VL  - 4