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.
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.
Kanda Naknoi