Details about Rajnish Mehra

Access statistics for papers by Rajnish Mehra.

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Short-id: pme56

Working Papers

2019

1. Average Crossing Time: An Alternative Characterization of Mean Aversion and Reversion
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Average crossing time: An alternative characterization of mean aversion and reversion, Quantitative Economics, Econometric Society (2021) (2021)

2018

2. Demographics and FDI: Lessons from China's One-Child Policy
   NBER Working Papers, National Bureau of Economic Research, Inc
   Also in NCAER Working Papers, National Council of Applied Economic Research (2018)
   CFS Working Paper Series, Center for Financial Studies (CFS) (2018)
   See also Journal Article Demographics and FDI: lessons from China’s one-child policy, Macroeconomic Dynamics, Cambridge University Press (2025) (2025)
3. Demographics and FDI: Lessons from China’s One-Child Policy
   Working Papers, eSocialSciences
4. Do Properly Anticipated Prices Fluctuate Randomly? Evidence from VIX Futures Markets
   NBER Working Papers, National Bureau of Economic Research, Inc

2016

5. Is Idiosyncratic Risk Conditionally Priced?
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Is idiosyncratic risk conditionally priced?, Quantitative Economics, Econometric Society (2021) View citations (2) (2021)
6. The Term Structure of Interest Rates in India
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)

2013

7. Asset Pricing Implications of Macroeconomic Interventions An Application to Climate Policy
   NBER Working Papers, National Bureau of Economic Research, Inc

2011

8. Costly financial intermediation in neoclassical growth theory
   Working Papers, Federal Reserve Bank of Minneapolis View citations (17)
   Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (2)
   See also Journal Article Costly financial intermediation in neoclassical growth theory, Quantitative Economics, Econometric Society (2011) View citations (31) (2011)

2010

9. Indian Equity Markets: Measures of Fundamental Value
   NBER Working Papers, National Bureau of Economic Research, Inc
   See also Journal Article Indian Equity Markets: Measures of Fundamental Value, India Policy Forum, National Council of Applied Economic Research (2010) (2010)
10. The equity premium and the allocation of income risk
    Levine's Working Paper Archive, David K. Levine View citations (2)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) View citations (30)
    Working Papers, Columbia - Graduate School of Business (1992) View citations (28)
    Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie (1992) View citations (30)
    See also Journal Article The equity premium and the allocation of income risk, Journal of Economic Dynamics and Control, Elsevier (1992) View citations (29) (1992)
11. The equity premium: a puzzle
    Levine's Working Paper Archive, David K. Levine View citations (309)
    See also Journal Article The equity premium: A puzzle, Journal of Monetary Economics, Elsevier (1985) View citations (2948) (1985)

2008

12. Intermediated quantities and returns
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations (14)
    Levine's Bibliography, UCLA Department of Economics (2007) View citations (1)

2007

13. Risk Based Explanations of the Equity Premium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2006

14. Recursive Competitive Equilibrium
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (18)
15. The Equity Premium in India
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)

2005

16. Junior is Rich: Bequests as Consumption
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)
    See also Journal Article Junior is rich: bequests as consumption, Economic Theory, Springer (2007) View citations (15) (2007)

2003

17. The Equity Premium in Retrospect
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (198)
    See also Chapter The equity premium in retrospect, Handbook of the Economics of Finance, Elsevier (2003) View citations (199) (2003)
18. The Equity Premium: Why is it a Puzzle?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (113)

2002

19. Junior Must Pay: Pricing the Implicit Put in Privatizing Social Security
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article Junior must pay: pricing the implicit put in privatizing Social Security, Annals of Finance, Springer (2005) View citations (7) (2005)

1999

20. Can Small Fluctuations in Investors' Subjective Preferences Induce Large Volatility in Equity Prices?
    Working Papers, Harris School of Public Policy Studies, University of Chicago
    See also Journal Article Mood fluctuations, projection bias, and volatility of equity prices, Journal of Economic Dynamics and Control, Elsevier (2002) View citations (46) (2002)

1998

21. Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in CRSP working papers, Center for Research in Security Prices, Graduate School of Business, University of Chicago View citations (2)
    Working Papers, Columbia - Graduate School of Business (1997) View citations (4)
    See also Journal Article Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle, The Quarterly Journal of Economics, President and Fellows of Harvard College (2002) View citations (232) (2002)

1993

22. Auctions: Theory and Possible Applications to Economies in Transition
    IMF Working Papers, International Monetary Fund View citations (6)

1988

23. On some computational Aspects of Equilibrium Business Cycle Theory
    Cahiers de Recherches Economiques du Département d'économie, Université de Lausanne, Faculté des HEC, Département d’économie View citations (4)
    See also Journal Article On some computational aspects of equilibrium business cycle theory, Journal of Economic Dynamics and Control, Elsevier (1989) View citations (14) (1989)

1982

24. A test of the intertemporal asset pricing model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)

Journal Articles

2025

1. Demographics and FDI: lessons from China’s one-child policy
   Macroeconomic Dynamics, 2025, 29, -
   See also Working Paper Demographics and FDI: Lessons from China's One-Child Policy, NBER Working Papers (2018) (2018)

2021

2. Average crossing time: An alternative characterization of mean aversion and reversion
   Quantitative Economics, 2021, 12, (3), 903-944
   See also Working Paper Average Crossing Time: An Alternative Characterization of Mean Aversion and Reversion, NBER Working Papers (2019) (2019)
3. Is idiosyncratic risk conditionally priced?
   Quantitative Economics, 2021, 12, (2), 625-646 View citations (2)
   See also Working Paper Is Idiosyncratic Risk Conditionally Priced?, NBER Working Papers (2016) (2016)

2012

4. Consumption-Based Asset Pricing Models
   Annual Review of Financial Economics, 2012, 4, (1), 385-409 View citations (41)

2011

5. Costly financial intermediation in neoclassical growth theory
   Quantitative Economics, 2011, 2, (1), 1-36 View citations (31)
   See also Working Paper Costly financial intermediation in neoclassical growth theory, Working Papers (2011) View citations (17) (2011)

2010

6. Indian Equity Markets: Measures of Fundamental Value
   India Policy Forum, 2010, 6, (1), 1-38
   See also Working Paper Indian Equity Markets: Measures of Fundamental Value, NBER Working Papers (2010) (2010)

2007

7. Junior is rich: bequests as consumption
   Economic Theory, 2007, 32, (1), 125-155 View citations (15)
   See also Working Paper Junior is Rich: Bequests as Consumption, NBER Working Papers (2005) View citations (2) (2005)
8. The Equity Premium Puzzle: A Review
   Foundations and Trends(R) in Finance, 2007, 2, (1), 1-81 View citations (10)

2005

9. Junior must pay: pricing the implicit put in privatizing Social Security
   Annals of Finance, 2005, 1, (1), 1-34 View citations (7)
   See also Working Paper Junior Must Pay: Pricing the Implicit Put in Privatizing Social Security, NBER Working Papers (2002) View citations (6) (2002)

2003

10. The Equity Premium: Why Is It a Puzzle? (corrected)
    Financial Analysts Journal, 2003, 59, (1), 54-69 View citations (1)

2002

11. Finance
    Journal of Economic Dynamics and Control, 2002, 26, (7-8), 1069-1074
12. Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle
    The Quarterly Journal of Economics, 2002, 117, (1), 269-296 View citations (232)
    See also Working Paper Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle, NBER Working Papers (1998) View citations (26) (1998)
13. Mood fluctuations, projection bias, and volatility of equity prices
    Journal of Economic Dynamics and Control, 2002, 26, (5), 869-887 View citations (46)
    See also Working Paper Can Small Fluctuations in Investors' Subjective Preferences Induce Large Volatility in Equity Prices?, Working Papers (1999) (1999)

1993

14. Auctions: Theory and Applications
    IMF Staff Papers, 1993, 40, (3), 485-511 View citations (17)

1992

15. The equity premium and the allocation of income risk
    Journal of Economic Dynamics and Control, 1992, 16, (3-4), 509-532 View citations (29)
    See also Working Paper The equity premium and the allocation of income risk, Levine's Working Paper Archive (2010) View citations (2) (2010)

1990

16. On the term structure of interest rates
    Journal of Economic Dynamics and Control, 1990, 14, (3-4), 571-596 View citations (44)

1989

17. On some computational aspects of equilibrium business cycle theory
    Journal of Economic Dynamics and Control, 1989, 13, (3), 449-470 View citations (14)
    See also Working Paper On some computational Aspects of Equilibrium Business Cycle Theory, Cahiers de Recherches Economiques du Département d'économie (1988) View citations (4) (1988)

1988

18. On the Existence and Representation of Equilibrium in an Economy with Growth and Nonstationary Consumption
    International Economic Review, 1988, 29, (1), 131-35 View citations (18)
19. The equity risk premium: A solution?
    Journal of Monetary Economics, 1988, 22, (1), 133-136 View citations (102)

1985

20. The equity premium: A puzzle
    Journal of Monetary Economics, 1985, 15, (2), 145-161 View citations (2948)
    See also Working Paper The equity premium: a puzzle, Levine's Working Paper Archive (2010) View citations (309) (2010)

1984

21. Comparative Dynamics of an Equilibrium Intertemporal Asset Pricing Model
    The Review of Economic Studies, 1984, 51, (3), 491-508 View citations (22)
22. Recursive competitive equilibrium: A parametric example
    Economics Letters, 1984, 16, (3-4), 273-278 View citations (3)

1983

23. On the impact of shock persistence on the dynamics of a recursive economy
    European Economic Review, 1983, 22, (2), 147-166 View citations (2)
24. Stochastic growth with correlated production shocks
    Journal of Economic Theory, 1983, 29, (2), 282-312 View citations (41)

1980

25. Recursive Competitive Equilibrium: The Case of Homogeneous Households
    Econometrica, 1980, 48, (6), 1365-79 View citations (94)
    See also Chapter RECURSIVE COMPETITIVE EQUILIBRIUM: THE CASE OF HOMOGENEOUS HOUSEHOLDS, World Scientific Book Chapters, 2005, 357-371 (2005) View citations (1) (2005)

1978

26. On the Financing and Investment Decisions of Multinational Firms in the Presence of Exchange Risk
    Journal of Financial and Quantitative Analysis, 1978, 13, (2), 227-244 View citations (2)

Edited books

2007

1. Handbook of the Equity Risk Premium
   Elsevier Monographs, Elsevier View citations (46)

Chapters

2005

1. RECURSIVE COMPETITIVE EQUILIBRIUM: THE CASE OF HOMOGENEOUS HOUSEHOLDS
   Chapter 11 in Theory Of Valuation, 2005, pp 357-371 View citations (1)
   See also Journal Article Recursive Competitive Equilibrium: The Case of Homogeneous Households, Econometric Society (1980) View citations (94) (1980)

2003

2. The equity premium in retrospect
   Chapter 14 in Handbook of the Economics of Finance, 2003, vol. 1, Part 2, pp 889-938 View citations (199)
   See also Working Paper The Equity Premium in Retrospect, National Bureau of Economic Research, Inc (2003) View citations (198) (2003)