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 “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.
Professor 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 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’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.
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.
Kanda Naknoi, currently Assistant Professor of Economics at Purdue University’s Krannert School of Management, will be joining the Department of Economics in Fall 2012. As Valedictorian, Kanda received her undergraduate degree from Hitotsubashi University and her M.A. in Economics from University of Tokyo. In 2004, she completed her Ph.D. in Economics at Stanford University. At Purdue, she has taught Intermediate Macroeconomics at the undergraduate level, undergraduate and graduate courses in International Monetary Economics, and graduate workshops in Economic Theory and Macroeconomics. A specialist in macroeconomic aspects of international trade and finance, monetary economics, and economic history, Kanda has published her research in the Journal of Monetary Economics (“Real exchange rate fluctuations, endogenous tradability and exchange rate regimes,” 2008), the American Economic Review Papers and Proceedings (“The marginal product of capital, capital flows and convergence,” 2010), and several edited volumes published by the European Central Bank (“Exchange rate regimes, international linkages, and the macroeconomic performance of the new member states,” 2005), Cambridge University Press (“Does the exchange rate belong in monetary policy rules: new answers from a DSGE model with endogenous tradability and trade frictions,” 2011), and the Asian Development Bank (“Competition, labor intensity and specialization: structural changes in post-crisis Asia,” forthcoming). She also has served as a consultant to the Asian Development Bank and the World Bank, and as a visiting scholar at the Federal Reserve Bank of St. Louis, the Asian Development Bank Institute, and the International Monetary Fund. Kanda frequently serves as a referee for academic journals and on several occasions has reviewed grant proposals to the National Science Foundation.
We are extremely pleased to welcome her to the Department of Economics and Connecticut.