Nunn (2008) found a negative relationship between past slave exports and economic performance within Africa. Here we investigate these findings and the suggested causal pathway in further detail. Extending the sample period back in time we reveal that the coefficient on slave exports did not...

Price versus productivity indexing is considered in a model of monetary policy with wage bargaining. The wage-indexing rule is negotiated in a first stage of the game between government, union and firm.

This paper proposes a monetary policy game based on a microfounded general equilibrium model. The approach allows some key features of the policy game to be related to basic technological and preference parameters. Moreover, it shows how results are affected by the presence of non-atomistic...