This article explores the role of trend shocks in explaining the specificities of business cycles in developing countries using the methodology introduced by Aguiar and Gopinath (2007) [“Emerging Market Business Cycles: The Cycle Is the Trend” Journal of Political Economy 115(1)]. We specify...

Cet article propose une revue de la littérature sur les modèles d'équilibre général dynamique et stochastique appliqués aux pays d'Afrique Sub-saharienne. Cette littérature a pour double objectif (i) d'identifier les facteurs spécifiques à ces économies susceptibles d'expliquer leur...

This article explores the role of trend shocks in explaining the specificities of business cycles in Sub-Saharan African (SSA) countries using the methodology introduced by Aguiar and Gopinath (2007) [Emerging Market Business Cycles: The Cycle Is the Trend Journal of Political Economy 115(1)]....

This article explores the role of trend shocks in explaining the specificities of business cycles in developing countries using the methodology introduced by Aguiar and Gopinath (2007). We specify a small open economy model with transitory and trend shocks on productivity to replicate the...

This article reviews the recent literature on Dynamic and Stochastic General Equilibrium Models for Sub-Saharan Africa business cycles. This literature has two objectives (i) to identify the factors specific to these countries that explain their high volatility and (ii) to assess the relevant...