Ravi Jagannathan is an American

economist An economist is a professional and practitioner in the social sciences, social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this ...

. He is a chaired

professor Professor (commonly abbreviated as Prof.) is an Academy, academic rank at university, universities and other tertiary education, post-secondary education and research institutions in most countries. Literally, ''professor'' derives from Latin ...

at the

Kellogg School of Management The Northwestern University Kellogg School of Management (branded as Northwestern Kellogg) is the graduate business school of Northwestern University, a Private university, private research university in Evanston, Illinois. History Early ...

Northwestern University Northwestern University (NU) is a Private university, private research university in Evanston, Illinois, United States. Established in 1851 to serve the historic Northwest Territory, it is the oldest University charter, chartered university in ...

. With the exception of the period 1989–1997 when he was a professor at the

University of Minnesota The University of Minnesota Twin Cities (historically known as University of Minnesota) is a public university, public Land-grant university, land-grant research university in the Minneapolis–Saint Paul, Twin Cities of Minneapolis and Saint ...

, Jagannathan has been at Kellogg since graduate school. Jagannathan received a

bachelor's degree A bachelor's degree (from Medieval Latin ''baccalaureus'') or baccalaureate (from Modern Latin ''baccalaureatus'') is an undergraduate degree awarded by colleges and universities upon completion of a course of study lasting three to six years ...

mechanical engineering Mechanical engineering is the study of physical machines and mechanism (engineering), mechanisms that may involve force and movement. It is an engineering branch that combines engineering physics and engineering mathematics, mathematics principl ...

from the College of Engineering, Guindy of

University of Madras The University of Madras is a public university, public State university (India), state university in Chennai (Madras), Tamil Nadu, India. Established in 1857, it is one of the oldest and most prominent universities in India, incorporated by an ...

in 1970, an

MBA A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...

from the Indian Institute of Management Ahmedabad, India and his Ph.D. from

Carnegie Mellon University Carnegie Mellon University (CMU) is a private research university in Pittsburgh, Pennsylvania, United States. The institution was established in 1900 by Andrew Carnegie as the Carnegie Technical Schools. In 1912, it became the Carnegie Institu ...

. His research interests are in the areas of

asset pricing In financial economics, asset pricing refers to a formal treatment and development of two interrelated Price, pricing principles, outlined below, together with the resultant models. There have been many models developed for different situations, ...

capital markets A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of savers t ...

and

financial institutions A financial institution, sometimes called a banking institution, is a business entity that provides service as an intermediary for different types of financial monetary transactions. Broadly speaking, there are three major types of financial ins ...

. Along with Zhenyu Wang, in 1996 he advanced a variation on the

capital asset pricing model In finance, the capital asset pricing model (CAPM) is a model used to determine a theoretically appropriate required rate of return of an asset, to make decisions about adding assets to a Diversification (finance), well-diversified Portfolio (f ...

known as "conditional CAPM." Some recent empirical work on options prices supports this model. He is also among those known for the Hansen–Jagannathan bounds, which provide a way to use security market data to restrict the volatility of the stochastic discount factor.

References

External links

Faculty Page, kellogg.northwestern.edu

1950s births University of Minnesota faculty Kellogg School of Management faculty Indian emigrants to the United States Living people American financial economists 21st-century American economists Tepper School of Business alumni Indian Institute of Management Ahmedabad alumni American academics of Indian descent The Review of Financial Studies editors Indian scholars Year of birth missing (living people) {{India-academic-bio-stub