Naknoi

Econ Undergraduate Students Present at the NY and Boston Fed Challenges

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Stamford Econ Undergraduates Present at NY Fed ChallengeCongratulations to the undergraduate students from the Stamford and Storrs campuses who took part in the College Fed Challenge this month!

Sponsored by the Board of Governors of the Federal Reserve, the “College Fed Challenge is a team competition for undergraduate students. Teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeling the Federal Open Market Committee.”

The Stamford team (above left) participated in the NY Fed Challenge, competing against forty-one other schools.

The Storrs team (below right) presented at the Boston Fed Challenge, competing against twenty-four other New England schools.

Storrs Econ Undergraduates Present at Boston Fed ChallengeCongratulations to both teams on all of their hard work in this competition!

Stamford Team:

Joanna Ksiazek
Chris McLaughlin
Amir Parikh
Shrey Patel
Alex Rojas
Ravinder Singh
Dr. Julia Coronado (Advisor)
Professor Oskar Harmon (Advisor)
Professor Steven Lanza (Advisor)
Professor Kanda Naknoi (Advisor)

Storrs Team:

Patrick Adams
Matt DeLeon
Erik Eason
Gabriel Hack
Ed Leardi
Stephen Mwangi
Matt Regan
Joe Roessler
Professor Owen Svalestad (Advisor)

Stamford Economics Faculty (Profs. Naknoi, Lanza, Harmon and Alpert) Host an Economics Alumni Networking Event

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Economics Alumni Four UConn Economics Alumni participated in a panel on the topic ‘Jobs and Careers’ at the UConn Stamford Campus, March 30, 2016.

The event was attended by 35 economics majors.

The participating alumni: Vitalie Alexandru ’13 (CLAS), currently Financial Analyst – Stress Testing, People’s United Bank; Michael Alpert ’90 (CLAS) Portfolio Manager, Stralem & Company; Pedro DeAbreu ’15 (CLAS) Gartner , Inc.; and Marketing Specialist; and Charles Triano ’87 (CLAS) Senior Vice President, Investor Relations, Pfizer, Inc.

All panelists graduated with a major in Economics, two from the Storrs Campus, and two from the Stamford Campus. All were generous with their time, advice regarding courses and participation in college life, and praise for the quality of the UConn undergraduate experience.

Matt Fraulino, CLAS Assistant Director of Alumni Relations Alumni Relations, provided invaluable assistance in organizing the event. The event was co sponsored by: UConn CLAS Alumni Relations, UConn Foundation, and the UConn Stamford Economics Club.

Professor Naknoi Presents Paper at Vanderbilt

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naknoiProfessor Naknoi presented her paper titled “Tariffs and the Expansion of the American Pig Iron Industry, 1870-1940” in the International Economics Seminar at Vanderbilt University on April 8, 2016.

Her study examines the benefit of the protection of the American pig iron industry. She illustrates that the protection was critical for the industry before 1890.

Professor Naknoi Presents Paper at ASSA

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naknoiProfessor Naknoi presented her paper titled “Exchange Rate Pass-Through and Market Structure in a Multi-Country World” in the ASSA Meeting/Econometric Society Meeting in San Francisco on January 4, 2016.

Her model proposes a theory that exporters take into account competing exporters’ currency appreciation in their price setting. In addition, her study provides evidence supporting her theory using data on prices of Canada’s exports to the U.S.

Information about her session is online at:

https://www.aeaweb.org/aea/2016conference/program/preliminary.php

Professor Naknoi Publishes in the Canadian Journal of Economics

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Canadian Journal of EconomicsProfessor Naknoi’s paper titled “Real Exchange Rate Fluctuations, Wage Stickiness and Tradability” has been accepted for publication in the Canadian Journal of Economics.

Her study demonstrates that when factors of production is classified by their tradability, the relative wage of nontraded labor influences the real exchange rate through the relative cost of distribution services. She employs monthly data on the sector-level U.S.-Canada real exchange rate and the relative wage of service-producing labor. The relative wage accounts for 40% of the variability of the real exchange rate at a one-month horizon.

Furthermore, she constructs a measure of effective nontraded labor content to classify goods into nontraded and traded ones, and shows that the variability of the price of the nontraded-goods basket accounts for more than half of the variability of the real exchange rate.

Prof. Naknoi has paper accepted by JME

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JMEProf. Naknoi and co-author YiLi Chien (Federal Reserve Bank of St. Louis) have their paper “The Risk Premium and Long-Run Global Imbalances” accepted for publication in the Journal of Monetary Economics. The paper examines the sustainability of U.S. trade deficits, given the assumption that U.S. investors take on more aggregate risk than foreign investors. It predicts that half of US trade deficits is sustainable. A copy of the working paper is available for download from RePEc.

 

Prof. Naknoi Publishes in Journal of Economic Dynamics and Control

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journalecondynamics.gifProf. Naknoi’s sole-authored paper titled “Exchange Rate Volatility and Fluctuations in the Extensive Margin of Trade” has been accepted for publication in the Journal of Economic Dynamics and Control. Her study provides new evidence that the extensive margin of trade fluctuates over the business cycle, using quarterly data of U.S. bilateral trade with 99 countries. Also, she shows that fixing exchange rates with the U.S. dollar, having a free trade agreement with the U.S., and an increase in country size is significantly associated with the stability of the pattern of trade with the U.S.

To read the article in its entirety, click here.

 

Update: Prof. Kanda Naknoi

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naknoiProfessor Kanda Naknoi had a very busy month of May.

From May 19-23, Professor Naknoi visited the St. Louis Fed as a visiting scholar. During her visit she collaborated her research with YiLi Chien, who is a senior economist at the Fed. The research project is on the impact of household finance on exchange rate volatility. The project is also joint with Hanno Lustig at UCLA.

Then, on May 31st, Professor Naknoi was in Vancouver at the Annual Meeting of the Canadian Economic Association, where she made a presentation. The title of her presentation is “Exchange Rate Disconnect and External Finance: Firm-Level Evidence.” The research paper is joint with Kwan Yong Lee at the University of North Dakota.