The authors re-assess the informal sector in French-speaking Africa. They first look at the classical interpretations of how the informal sector is perceived in the context of development: as a result of international capitalism or as a correction to an unbalanced development. They situate the...

Presents the findings of a survey of 2344 persons, carried out in April and May 1992.

The literature on optimal monetary policy in New Keynesian models under both commitment and discretion usually solves for the optimal allocations that are consistent with a rational expectations market equilibrium, but it does not study whether the policy can be implemented given the available...

Currently there is a growing literature exploring the features of optimal monetary policy in New Keynesian models under both commitment and discretion. With respect to time consistent policy, the literature focuses on solving for allocations. Recently, however, King and Wolman (2004) have...