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t_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.


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.