A Model of Quantum Electrodynamics with Higher Derivatives
  A new version of application Pauli-Villars regularized Green functions in the quantum field theory using higher derivatives is proposed. In this version the regularizing mass $M$ is large but finite. Our approach is demonstrated and discussed on the example of QED. It is shown that in our case there are no ultraviolet divergences and - on the example of the selfenergy spinor Feynman diagram - no infrared ones. 
D.Ts. Stoyanov