The French economy is characterised by a certain inflationary tendency, the degree of which has been distinctly higher for two or three years now. Under the influence of monetary, economic, sociological or even political factors which have appeared in the Western world as a whole, a movement of acceleration has recently sharpened the internal tendencies towards disequilibrium. It would be rash to speak here of new inflation for, with the exception of periods of abatement, the longest of which lasted from 1928 to 1936, France has been living with inflation for practically sixty years.
KeywordsInterest Rate Monetary Policy Central Bank Money Supply Real Term
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