Rajnish Mehra
Encyclopedia
Rajnish Mehra is an Indian American
economist. He currently holds the E. N. Basha Chair at Arizona State University
and is a research associate of the NBER. His research interests include capital markets, asset pricing and growth theory.
Previously, he was a Professor at the University of California, Santa Barbara
, and the Massachusetts Institute of Technology
, and an Associate Professor at Columbia University
. He has been a consultant to the Fixed Income Group at Salomon Smith Barney and an adviser to Vega Asset Management.
Mehra is a co-author, with Edward C. Prescott
, of one of the most cited papers in financial economics "The Equity Premium: A puzzle
". His research has been published in Econometrica
, the Journal of Monetary Economics
, the Journal of Economic Dynamics and Control
, the Financial Analysts Journal, and other premier journals. He is the editor of the Elsevier
publication, Handbook of the Equity Risk Premium.
In 2003 he was awarded a Graham and Dodd Scroll Award for excellence in financial writing by the Financial Analysts Journal.
He is a signatory of the 2009 petition for Fed Independence, drafted in response to the Federal Reserve Transparency Act
of 2009, along with 190 other American economists.
Indian American
Indian Americans are Americans whose ancestral roots lie in India. The U.S. Census Bureau popularized the term Asian Indian to avoid confusion with Indigenous peoples of the Americas who are commonly referred to as American Indians.-The term: Indian:...
economist. He currently holds the E. N. Basha Chair at Arizona State University
Arizona State University
Arizona State University is a public research university located in the Phoenix Metropolitan Area of the State of Arizona...
and is a research associate of the NBER. His research interests include capital markets, asset pricing and growth theory.
Previously, he was a Professor at the University of California, Santa Barbara
University of California, Santa Barbara
The University of California, Santa Barbara, commonly known as UCSB or UC Santa Barbara, is a public research university and one of the 10 general campuses of the University of California system. The main campus is located on a site in Goleta, California, from Santa Barbara and northwest of Los...
, and the Massachusetts Institute of Technology
Massachusetts Institute of Technology
The Massachusetts Institute of Technology is a private research university located in Cambridge, Massachusetts. MIT has five schools and one college, containing a total of 32 academic departments, with a strong emphasis on scientific and technological education and research.Founded in 1861 in...
, and an Associate Professor at Columbia University
Columbia University
Columbia University in the City of New York is a private, Ivy League university in Manhattan, New York City. Columbia is the oldest institution of higher learning in the state of New York, the fifth oldest in the United States, and one of the country's nine Colonial Colleges founded before the...
. He has been a consultant to the Fixed Income Group at Salomon Smith Barney and an adviser to Vega Asset Management.
Mehra is a co-author, with Edward C. Prescott
Edward C. Prescott
Edward Christian Prescott is an American economist. He received the Nobel Memorial Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles"...
, of one of the most cited papers in financial economics "The Equity Premium: A puzzle
Equity premium puzzle
The equity premium puzzle is a term coined in 1985 by economists Rajnish Mehra and Edward C. Prescott. It is based on the observation that in order to reconcile the much higher returns of stocks compared to government bonds in the United States, individuals must have implausibly high risk aversion...
". His research has been published in Econometrica
Econometrica
Econometrica is a peer-reviewed academic journal of economics, publishing articles not only in econometrics but in many areas of economics. It is published by the Econometric Society and distributed by Wiley-Blackwell. Econometrica is one of the most highly ranked economics journals in the world...
, the Journal of Monetary Economics
Journal of Monetary Economics
The Journal of Monetary Economics is a leading journal on macroeconomics and monetary economics currently published by Elsevier. Its first issue was in October of 1973. Beginning in 2002, the Carnegie-Rochester Conference Series on Public Policy: a bi-annual conference proceedings began to be...
, the Journal of Economic Dynamics and Control
Journal of Economic Dynamics and Control
The Journal of Economic Dynamics and Control is a peer-reviewed scholarly journal devoted to computational economics, dynamic economic models, and macroeconomics. It is edited at the University of Amsterdam and published by Elsevier...
, the Financial Analysts Journal, and other premier journals. He is the editor of the Elsevier
Elsevier
Elsevier is a publishing company which publishes medical and scientific literature. It is a part of the Reed Elsevier group. Based in Amsterdam, the company has operations in the United Kingdom, USA and elsewhere....
publication, Handbook of the Equity Risk Premium.
In 2003 he was awarded a Graham and Dodd Scroll Award for excellence in financial writing by the Financial Analysts Journal.
He is a signatory of the 2009 petition for Fed Independence, drafted in response to the Federal Reserve Transparency Act
Federal Reserve Transparency Act
The Federal Reserve Transparency Act of 2009 was a bill introduced in the U.S. House of Representatives of the 111th United States Congress by Congressman Ron Paul . It proposed a reformed audit of the Federal Reserve System before the end of 2010. The bill had 319 cosponsors, and was referred to...
of 2009, along with 190 other American economists.
External links
- Home page
- http://economix.blogs.nytimes.com/2009/07/15/petition-for-fed-independence/ Petition for Fed Independence