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Exchange Rate Regimes And Nominal Wage Comovements In A Dynamic Ricardian Model, Yao Tang, Yoshinori Kurokawa, Jiaren Pang
Exchange Rate Regimes And Nominal Wage Comovements In A Dynamic Ricardian Model, Yao Tang, Yoshinori Kurokawa, Jiaren Pang
Economics Department Working Paper Series
We construct a dynamic Ricardian model of trade with money and nominal exchange rate. The model implies that the nominal wages of the trading countries are more likely to exhibit stronger positive comovements when the countries fix their bilateral exchange rates. Panel regression results based on data from OECD countries from 1973 to 2012 suggest that countries in the European Monetary Union (EMU) experienced stronger positive wage comovements with their main trade partners. When we restrict the regression to the subsample of the EMU countries, we find a significant increase in wage comovements after these countries joined the EMU in …
Interview With Chris Mann By Mike Hastings, Christopher 'Chris' Mann
Interview With Chris Mann By Mike Hastings, Christopher 'Chris' Mann
George J. Mitchell Oral History Project
Biographical Note
Christopher Mann was born December 19, 1962, in Augusta, Maine. His parents were Alden and Deana Mann. His father was a Maine native who worked for the State Bureau of Banks and Banking as the director of Securities. Chris grew up in Augusta, attended Cony High School and was graduated with a degree in political science from the University of Southern Maine. He worked on Joe Brennan’s 1988 congressional campaign. After that, Mary McAleney offered him a position doing research for the state legislature. He later moved to Washington, D.C., to work in the mailroom for Senator Mitchell’s …
Interview With Jeanne Hollingsworth By Mike Hastings, Jeanne Hollingsworth
Interview With Jeanne Hollingsworth By Mike Hastings, Jeanne Hollingsworth
George J. Mitchell Oral History Project
Biographical Note
Jeanne Hollingsworth was born in McCook, Nebraska, on September 18, 1948, to Barbara (Davis) and John Robert Hollingsworth. She spent her early years in Holbrook, Nebraska, on her father’s cattle ranch with five siblings. The family moved to Kearney, Nebraska, when she was twelve, and from there they moved to Kitchener-Waterloo, Canada, where Jeanne attended high school and her father was in the furniture business. She attended North Georgia Military College for two years and became interested in politics because of the Vietnam War and the peace movement. She traveled for some years between Maine and Georgia, finally …
Interview With Seth Brewster By Mike Hastings, Seth W. Brewster
Interview With Seth Brewster By Mike Hastings, Seth W. Brewster
George J. Mitchell Oral History Project
Biographical Note
Seth Brewster was born on January 8, 1960, in Worcester, Massachusetts, and grew up in Manchester, Maine, where his father worked for Central Maine Power. He attended local public school until his junior year of high school, when he transferred to Deerfield Academy. He was graduated from Dartmouth College in 1982 with a double major in engineering sciences and economics. After college he worked for Arthur Andersen Consulting, based in New York City. He attended law school in Boston and took the bar exam in Massachusetts and Maine. In 1991, he pursued an opportunity to work for Senator …