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Les assignats sous la Révolution française : un exemple d'hyperinflation

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  • Christian Aubin

Abstract

[fre] Les assignats sous la Révolution française : un exemple d'hyperinflation . . La dépréciation rapide de l'assignat sous la Convention thermidorienne est expliquée en retenant le schéma de base de l'analyse monétaire de l'hyperinflation. Les résultats obtenus se révèlent comparables à ceux d'études empiriques consacrées à d'autres expériences hyperinflationnistes et montrent que la compréhension de ce type de phénomène requiert la prise en considération des interactions entre comportements d'offre et de demande de monnaie. [eng] The assignats during the french revolution : an example of hyperinflation. . The basic monetary analysis of hyperinflation is used to explain the rapid depreciation of the assignats during the Convention thermidorienne. The empirical results turn out to be very similar to those of studies dealing with other hyperinflations. They imply that to understand such a phenomenon one needs to take account of the interactions between the supply of and the demand for money.

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  • Christian Aubin, 1991. "Les assignats sous la Révolution française : un exemple d'hyperinflation," Revue Économique, Programme National Persée, vol. 42(4), pages 745-762.
    • Handle: RePEc:prs:reveco:reco_0035-2764_1991_num_42_4_409303
    DOI: 10.3406/reco.1991.409303
    Note: DOI:10.3406/reco.1991.409303
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    References listed on IDEAS

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    1. Jacobs, Rodney L, 1975. "A Difficulty with Monetarist Models of Hyperinflation," Economic Inquiry, Western Economic Association International, vol. 13(3), pages 337-360, September.
    2. Jacobs, Rodney L, 1977. "Hyperinflation and the Supply of Money," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 9(2), pages 287-303, May.
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    5. Frenkel, Jacob A, 1977. "The Forward Exchange Rate, Expectations, and the Demand for Money: The German Hyperinflation," American Economic Review, American Economic Association, vol. 67(4), pages 653-670, September.
    6. Cagan, Phillip & Kincaid, George, 1977. "Jacobs' Estimates of the Hyperinflation Model: Comment," Economic Inquiry, Western Economic Association International, vol. 15(1), pages 111-118, January.
    7. Khan, Mohsin S, 1977. "The Variability of Expectations in Hyperinflations," Journal of Political Economy, University of Chicago Press, vol. 85(4), pages 817-827, August.
    8. Khan, Mohsin S., 1975. "The monetary dynamics of hyperinflation : A note," Journal of Monetary Economics, Elsevier, vol. 1(3), pages 355-362, July.
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