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

Christian Aubin

Revue Économique, 1991, vol. 42, issue 4, 745-762

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.

Date: 1991
Note: DOI:10.3406/reco.1991.409303
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