The Cagan monetary model of hyperinflation has a relatively simple structure and a rich set of solutions. However, the wealth of possible solutions of this model does not constitute an asset for it. The introduction of rational expectations into the model was often at the origin of these...

This paper aims at providing some new theoretical support for money demand functions in monetary hyperinflation analysis given the well known failure of Cagan based inflationary finance models to produce explosive hyperinflation. An analytical approach is used to characterize the agents’...

Cet article se propose de construire un cadre d’analyse microéconomique analytique permettant d’étudier les conditions d’existence et les déterminants de la compétitivité d’une technologie de chaudière fonctionnant au bois-énergie dans un cadre industriel. Pour ce faire, on...

This paper uses an analytical approach and the precise definition of money essentiality given by Scheinkman (1980) with the aim to establish a formal theoretical link between the possibility of hyperinflationary paths and the concept of money essentiality. In this respect the paper contributes...

The aim of this paper is to clarify the failure of the Cagan model with perfect foresight, and to draw new axes for the investigation of monetary hyperinflation analysis. Firstly, the paper evaluates the relevance of the Cagan ad hoc model with perfect foresight as a theoretical framework for...

Cet article explore la question de la convergence réelle en termes de compétitivités internationales parmi les membres de la zone euro et de la zone CFA qui repose sur lâeuro. L’objectif est dâapprécier lâimportance de la perte de lâinstrument du taux de change pour les...

[fre] Cette note veut attirer l'attention sur deux points essentiels de l'article récemment publié de V. Lelièvre [1995]. Il s'agit, en premier lieu, de l'affirmation de cet auteur selon laquelle l'allure en cloche de la courbe représentative des revenus réels de la taxe d'inflation serait...

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