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L'hyperinflation : un bilan pour le centenaire de l'expérience allemande des années 1920

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  • Marc-Alexandre Sénégas
  • Patrick Villieu

Abstract

To mark the centenary of the German hyperinflation of 1920-1923, this article reviews the way in which macroeconomic analysis has been able to understand the phenomenon of hyperinflation. It reviews the main mechanisms that theory has identified as being at work behind the genesis, development, and end of the hyperinflationary process. The almost perfect example of German hyperinflation under the Weimar Republic is then used to illustrate these mechanisms. JEL classification: E4, E5, E6, N14, N24.

Suggested Citation

  • Marc-Alexandre Sénégas & Patrick Villieu, 2024. "L'hyperinflation : un bilan pour le centenaire de l'expérience allemande des années 1920," Revue d'économie financière, Association d'économie financière, vol. 0(1), pages 49-68.
    • Handle: RePEc:cai:refaef:ecofi_153_0049
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    JEL classification:

    • E4 - Macroeconomics and Monetary Economics - - Money and Interest Rates
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-

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