Professor Zhang joined the Krannert faculty as an Assistant Professor in 2013 after receiving a Ph.D. and M.A. in Economics from the University of California, Irvine. Her research interests are in macroeconomics, monetary economics,
international economcis, and search theory. Professor Zhang's current work examines the emergence of an international currency and the role of monetary policy on currency competition, the adoption of new forms of electronic payments such as credit cards and
its impact on monetary transactions, and an experimental study on competing means of payment.
Purdue economist: The Fed is becoming ‘a lender of last resort’ during COVID-19 pandemic
One in four small businesse s is closed in the United States and a historic number of Americans are unemployed due to the spread of the COVID-19 pandemic. In response, the Federal Reserve has opened two facilities that will support the flow of credit to
households and businesses. “The Fed is serving as a kind of ‘lender of last resort’ instead of using only conventional responses like interest rate cuts, which do not have much of an effect on consumption and investment at already low rates," says Purdue economist
Faculty promotions at Purdue approved by board Purdue University’s Board of Trustees on Friday (April 12) approved the following faculty promotions within the Krannert School of Management effective with the 2019-20 academic year: Timothy N. Bond and Cathy M. Zhang; associate professor of economics;
Sergey Chernenko and Thanh T. Nguyen; associate professor of management; Roy M. Dejoie, clinical associate professor of management; Troy D. Janes, clinical professor of management. Congratulations to all.