This paper quantifies the welfare costs of inflation in an endogenous growth setup where transitional dynamics are taken into account. We report much smaller costs than in the litterature.

This article is devoted to the cyclical properties of the labor market search model with exogenous job destruction. Its internal propagation mechanism of shocks has been criticized for requiring too strong labor market constraints. Here, its predictions are compared according to the employment...

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...