The UConn-Stamford FED Challenge team earned honorable mention in the Federal Reserve Bank of New York 2018 College FED Challenge competition. This marked the third consecutive year of participation in the competition by the Stamford Campus team and the first time advancing to the semi-final round. The competition started with 39 teams in the initial round on October 24. The UCONN-Stamford team advanced to the semi-final round held on November 14 among only eight teams. Rutgers University-New Brunswick placed first and advanced to the final round held in Washington DC November 29. Columbia University placed second. UConn-Stamford earned Honorable Mention along with Fairfield University, Fordham University, Siena College, and SUNY-Oneonta.
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 Federal Reserve Bank of New York is one of four Federal Reserve Banks that host the College Fed Challenge Competition. The regional winners go to the final round at the Board of Governors in Washington D.C.
UCONN-Stamford team was comprised of 3 presenters: Ignacio Gonzalez, Jonathan Herrick, and Brendan Armburst-Mulcahey. The team coach was Di Yang, (Stamford Business School MBA). The researchers who helped prepare the team for the competition were Aditya Dadavai, Sijie Hu, Lingyi Zhu, and Roma Roma (all in the Stamford Business School BPMA Program). Faculty advisors were professors Natalia Smirnova, Steven Lanza, Kanda Naknoi, and Oskar Harmon. The team benefited from practice sessions of challenging questions with volunteer members of the Fairfield Business Community.
The team participants shown in the picture at the awards ceremony at the FRBNY are (from left to right): Brendan Armburst-Mulcahey, Di Yang, Natalia Smirnova, Jonathan Herrick, Ignacio Gonzalez, Oskar Harmon.
Professor Kanda Naknoi presented her work at the Department of Economics and Finance seminar at the City University of Hong Kong on September 20th. The title of her presentation was “Exchange Rate Pass-Through and Market Structure in Multi-Country World”.
The paper for her presentation can be found at: http://www.cb.cityu.edu.hk/ef/research/seminars/economics/past
The New York FED is one of five Federal Reserve Banks that host the FED Challenge Competition. The regional winners go to the final round at the FED in Washington D.C. 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 5 team participants were:
Front row: Ryan Dodd, Olga Jaramillo; Middle row: Chris McLaughlin (a two time participant), graduate assistants PD Aditya and Gul-e-Rana; Back row: Esteban Peralta, Randall Giles.
The students were assisted in their preparations by Professors Oskar Harmon, Kanda Naknoi and Steven Lanza.
The team received invaluable assistance from three graduate student assistants (PD Aditya , Di Yang, and Gul-e-Rana from the Stamford Business School MBA.
Professor Kanda Naknoi presented her work at the UC Irvine Macroeconomics Seminar on May 17. The title of her presentation was “Why Are Exchange Rates So Smooth? A Household Finance Explanation”.
The paper for her presentation can be found at:
Professor Kanda Naknoi presented her work at Columbia University on April 19, 2017.
The event was sponsored by the Weatherhead East Asian Institute, and the topic of her talk was “Thai Economy under the Military Government”.
More information about the event may be found online at: http://weai.columbia.edu/event/thailand-update-conference-2017/
Professor Kanda Naknoi published a sole-authored article in the February 2017 issue of the Canadian Journal of Economics.
The title of her article is “Real Exchange Rate Fluctuations, Wage Stickiness and Tradability“
Abstract: When we classify factors of production by their tradability, the relative wage of nontraded labour influences the real exchange rate through the relative cost of distribution services. We confirm this prediction using monthly data on the sector-level US–Canada real exchange rate and the relative wage of service-producing labour. The relative wage accounts for 40% of the variability of the real exchange rate at a one-month horizon. Furthermore, when we use the effective nontraded labour content to classify goods into nontraded and traded ones, the variability of the price of the nontraded-goods basket accounts for more than half of the variability of the real exchange rate.
On March 6, 2017, Professor Kanda Naknoi gave a seminar at the Economic History Workshop at Yale University.
The title of her presentation was “Tariffs and the Expansion of the American Pig Iron Industry: 1870-1940”.
Congratulations 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.
Congratulations to both teams on all of their hard work in this competition!
Dr. Julia Coronado (Advisor)
Professor Oskar Harmon (Advisor)
Professor Steven Lanza (Advisor)
Professor Kanda Naknoi (Advisor)
Professor Owen Svalestad (Advisor)
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 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.