The following is what seems to me a reasonably literal translation (made by me from the French original) of the published article: Jean Bénabou, Jacques Roubaud. Monades et descente. C. R. Acad. Sc. Paris, t. 270 (12 janvier 1970).
While I do think that I got it mostly right, I do not take any responsibility for this translation, neither for its form nor its content. Do not take it to be a 'sworn translation', or anything like that. If in doubt, consult the original article.
(0) I do not have anything against someone developing this answer further, if it is an on-topic improvement.
(1) I am mentioning (0) since:
(1.0) Translating is an art and a craft of its own, with its own professional associations customs, and translating well takes considerable work and knowledge of both the source- and target-language and the subject matter, and many translators would not like to see their work changed by others, so (0) does not go without saying.
(1.1) It will not be possible for me to henceforth be responsible for this translation, let alone even check this thread at regular intervals.
Please consider my translation to be in the public domain, and please do not 'ping' me too much about it.
Please go ahead if you think you are sure that a relevant improvement should be made.
(2) In contrast to (0), I am not sure whether the authors of the translated article have something against expanding the translation here. The resason for that is that I think that then the result of the process will not be literal translation anymore. The boundaries between 'literal translation of' and 'some-sort-of-group-blog-exposition of' a given mathematical classic will blur. Maybe one should keep these two genres separate, I am not sure.
(3) Why I did I write this: simply because this question was asked and I think this is an answer to the OP. Morevoer, I myself have to work with similar things recently, and I had planned to understand descent-theory a little better anyway. And now there appeared this request which harmonized with that. Incidentally, the comment to the effect that the author of the blog-post has been emailed the OP, which may lead to the OP getting another translation soon, was read by me only after my translation was almost finished. Moreover, I can find little wrong with there being several translations of classics; there are several translations of, say, the classics of Latin poetry, too, so why should there not be multiple translations of French classics of category theory?
Beginning of reasonably literal translation.
ALGEBRA. -- Monads and descent. Note (${}^\ast$) by Jean Bénabou and Jacques Roubaud. Transmitted by Henri Cartan.
By means of category theory, we interpret the 'descent data' in a simple and natural manner as 'algebras over a monad'. This allows one, in very general situations, to recognize whether a morphism is a descent morphism or an effective descent morphism.
1. The bifibrations of Chevalley, and descent. -- In the following, $P\colon \textbf{M}\rightarrow \textbf{A}$ denotes a bifibrant functor $({}^1)$. If $A$ is an object of $\textbf{A}$ the fiber over $A$ is denoted $\textbf{M}(A)$. We assume that $A$ has all binary pullbacks.
1.1. The monad associated with a morphism. -- Let $a\colon A_1\rightarrow A_0$ be a morphism of $\textbf{A}$. We denote the inverse image functor (resp. direct image functor) by
$a^\ast\colon\textbf{M}(A_0)\rightarrow\textbf{M}(A_1)\qquad$ (resp. $a_\ast\colon\textbf{M}(A_1)\rightarrow\textbf{M}(A_0)$)
and we denote the canonical natural transformations which make $a_\ast$ a left-adjoint of $a^\ast$ by
$\eta^a\colon\quad 1_{\textbf{M}(A_1)}\rightarrow a^\ast a_\ast;\qquad$ $\varepsilon^a\colon\quad a_\ast a^\ast\rightarrow 1_{\textbf{M}(A_0)}$
This adjunction defines $({}^2)$ a monad $\textbf{T}^a=(T^a,\mu^a,\eta^a)$ on $\textbf{M}(A_1)$, where
$T^a = a^\ast a_\ast\colon\quad \textbf{M}(A_1)\rightarrow\textbf{M}(A_1)$ ${}\qquad$ and ${}\qquad$ $\mu^a=a^\ast\varepsilon^a a_\ast\colon\quad T^a\circ T^a\rightarrow T^a$.
We denote by $\textbf{M}^a$ the category $\textbf{M}(A_1)^{(\textbf{T}^a)}$ of algebras of the monad $\textbf{T}^a$, and by
$U^{\textbf{T}a}\colon\quad\textbf{M}^a\rightarrow\textbf{M}(A_1)$ ${}\quad$ and ${}\quad$ $\Phi^a\colon\quad\textbf{M}(A_0)\rightarrow\textbf{M}^a$
the canonical functors.
1.2. Chevalley condition. $({}^3)$. -- We say $P$ is a Chevalley functor if the following property (C) is satisfied:
(C) For every commutative diagram
in $\textbf{M}$ whose image under $P$ is a pullback square of $\textbf{A}$, the following implication holds: if $\chi$ and $\chi'$ are cartesian and $k_0$ is cocartesian, then $k_1$ is cocartesian.
1.3. Characterization of descent data. -- In the sequel, $P\colon\textbf{M}\rightarrow\textbf{A}$ is a Chevalley functor.
Let $a\colon A_1\rightarrow A_0$ be a morphism of $\textbf{A}$; let us write $A_2$ for the fibered product $A_1\times_{A_0}A_1$ and $a_1$ and $a_2$ for the canonical 'projections' of $A_2$ to $A_1$. The property (C) permits to define, for each object $M_1$ de $\textbf{M}(A_1)$ a canonical bijection, 'natural' in $M_1$, of $\mathrm{Hom}_{\textbf{M}(A_2)}(a_1^\ast(M_1),a_2^\ast(M_1))$ onto $\mathrm{Hom}_{\textbf{M}(A_1)}(\textbf{T}^a(M_1),M_1)$, which we denote by $\varphi\mapsto K^a(\varphi)$.
Lemma. -- A morphism $\varphi\colon a_1^\ast(M_1)\rightarrow a_2^\ast(M_1)$ such that $\textbf{P}(\varphi)=1_{A_2}$ is a descent datum if and only if $K^a(\varphi)$ is an algebra for the monad $\textbf{T}^a$.
Let us write $\textbf{D}(a)$ for the category of descent data relative to $a$, and
$\Psi^a\colon\textbf{M}(A_0)\rightarrow\textbf{D}(a)$ ${}\qquad$ and ${}\qquad$ $U^a\colon\textbf{D}(a)\rightarrow\textbf{M}(A_1)$
for the canonical functors.
Theorem. -- The correspondence $\varphi\mapsto K^a(\varphi)$ induces an equivalence of categories $K^a\colon\textbf{D}(a)\rightarrow \textbf{M}^a$ such that the following diagram commutes:
Proposition 1. -- The correspondence $\varphi\mapsto K^a(\varphi)$ is universal.
More precisely, let $b_0\colon A_0'\rightarrow A_0$ be a morphism of $\textbf{A}$.
Base change gives rise to the diagram
in $\textbf{A}$.
If $M_1$ is an object of $\textbf{M}(A_1)$ and $\varphi\colon a_1^\ast(M_1)\rightarrow a_2^\ast(M_1)$ is a morphism of $\textbf{M}(A_2)$, then
$K^{a'}(b_2^\ast(\varphi)) = b_1^\ast(K^a(\varphi))$.
If one in particular takes $A_0'=A_1$ and $b_0=a$, then the following implication holds: if $\varphi$ is a descent datum, then $b_2^\ast(\varphi)$ is an effective descent datum. The converse is true, since from the theorem and the proposition it follows that:
Corollary. -- A morphism $\varphi\colon a_1^\ast(M_1)\rightarrow a_2^\ast(M_1)\in\textbf{M}(A_2)$ is a descent datum if and only if its inverse image $b_2^\ast(\varphi)$ via the canonical base change $b_0=a\colon A_0'=A_1\rightarrow A$ is an effective descent datum.
This corollary allows to in the sequel avoid the use of the 'cocycle condition'
2. First applications. -- In view of the preceding theorem, a criterion of Beck (${}^2$) allows to give necessary and sufficient conditions for the functor $\Psi^a$ to be [severally] faithful, fully faithful, or an equivalence of categories, in terms of conditions which say that the inverse image functor $a^\ast$ reflects, or commutes with, certain cokernels. Let us give some applications.
Proposition 2. -- If the category $\textbf{M}(A_0)$ has all cokernel pairs, then the functor $\Psi^a$ has a left adjoint.
Proposition 3. -- The functor $\Psi^a$ is faithful if and only if $a^\ast$ is.
Proposition 4. -- If $a^\ast$ reflects cokernels, then $\Psi^a$ is fully faithful.
In particular, if all the fibers of $\textbf{M}$ are abelian, then
$\text{ $\Psi^a$ faithful $\Leftrightarrow$ $\Psi^a$ fully faithful $\Leftrightarrow$ $a^\ast$ faithful }$
Definition. -- We say that a morphism $a\colon A_1\rightarrow A_0$ is faithfully flat if the functor $a^\ast$ commutes with cokernels and reflects isomorphisms.
Proposition 5. -- If $a\colon A_1\rightarrow A_0$ is faithfully flat, and if $\textbf{M}(A_0)$ has all cokernels, then $\Psi^a$ is an equivalence of categories.
3. First examples of Chevalley functors.
3.1. If one takes for $\textbf{A}$ the dual of the category of commutative rings, and for $\textbf{M}$ the dual of the category of modules over [arbitrary] commutative rings, the evident functor $P\colon\textbf{M}\rightarrow\textbf{A}$ is a Chevalley functor.
3.2 If $\textbf{A}$ is a category with all binary pullbacks, and if $\textbf{M} = \mathrm{Fl}(\textbf{A})$ denotes the arrow category of $\textbf{A}$, the 'codomain' functor $\textbf{M}\rightarrow\textbf{A}$ is a Chevalley functor.
3.3. If $\textbf{P}\colon\textbf{M}\rightarrow\textbf{A}$ and $\textbf{Q}\colon\textbf{N}\rightarrow\textbf{M}$ are Chevalley functors, their composite $P\circ Q$ is.
3.4. If $\textbf{P}\colon\textbf{M}\rightarrow\textbf{A}$ is a Chevalley functor, and if $\textbf{II}$ [I think this is simply a misprint in the C.R.Acad.Sc. paper, and should rather be $\textbf{I}$] is any category, then the functor $P^{\textbf{I}}\colon \textbf{M}^{\textbf{I}}\rightarrow\textbf{A}^{\textbf{I}}$ is a Chevalley functor.
3.5. If in a pullback square
the category $\textbf{X}$ has all finite pullbacks, then the functor $f$ commutes with pullbacks, and the functor $P$ is a Chevalley functor, hence $f^\ast(P)$ is a Chevalley functor.
In a later publication, we will give further examples of Chevalley categories, and also more precise criteria which allow to recognize whether $\Psi^a$ is faithful, fully faithful, or an equivalence of categories in situations where the fibers of $\textbf{M}$ are algebraic categories (categories of modules, for example).
(${}^\ast$) Session of January 5, 1970.
(${}^1$) A. Grothendieck, Catégories fibrées et descente. (Séminaire Bourbaki, 1959).
(${}^2$) Linton, Applied Functorial semantics. II, Springer lecture Notes no 80, 1969.
(${}^3$) Chevalley, Séminaire sur la descente 1964--1965 (unpublished).
[postal adresses at the end of the article omitted]
End of reasonably literal translation.