Rajnish Mehra

“On the Financing and Investment Decisions of Multinational Firms in the Presence of

Exchange Risk,” Journal of Financial and Quantitative Analysis, July, 1978, pp. 227-244.

“Recursive Competitive Equilibrium: The Case of Homogeneous Households,” (with E.C.

Prescott), Econometrica, 48, September, 1980, pp. 1365-1379.

“Stochastic Growth with Correlated Production Shocks,” (with J.B. Donaldson), Journal of

Economic Theory, 29, April, 1983, pp. 282-312.

“On the Impact of Shock Persistence on the Dynamics of a Recursive Economy,” (with J.P.

Danthine and J.B. Donaldson), European Economic Review, 22, July, 1983, pp. 147-166.

“Comparative Dynamics of An Equilibrium Intertemporal Asset Pricing Model,” (with J.B.

Donaldson), The Review of Economic Studies, 51, July, 1984, pp. 491-508.

“Recursive Competitive Equilibrium: A Parametric Example,” Economics Letters, 16, December, 1984, pp. 273-278.

“The Equity Premium: A Puzzle,” (with E.C. Prescott), Journal of Monetary Economics, 15,

March, 1985, pp. 145-161.

“On the Existence and Representation of Equilibrium in an Economy with Growth and

Nonstationary Consumption,” International Economic Review, 29, February, 1988, pp.

131-135.

“The Equity Risk Premium: A Solution?” (with E.C. Prescott), Journal of Monetary Economics, 22, July, 1988, pp. 133-136.

“On Some Computational Aspects of Equilibrium Business Cycle Theory,” (with J.P. Danthine and J.B. Donaldson), Journal of Economic Dynamics & Control, 13, July, 1989, pp. 449- 470.

“On the Term Structure of Interest Rates,” (with J.B. Donaldson and T. Johnsen), Journal of

Economic Dynamics and Control, 14, October, 1990, pp. 571-596.

“The Equity Premium and the Allocation of Income Risk,” (joint with J.P. Danthine &

J.B. Donaldson), Journal of Economic Dynamics and Control, 16, July/October, 1992, pp. 509-532.

“Auctions: Theory and Applications,” (joint with R.A. Feldman), IMF Staff Papers, 40,

September, 1993, pp. 485-511.

“Dynamic Decentralization,” (with J.B. Donaldson), in Business Cycles, Panics and Depressions, ed. by David Glassner, Garland Press, New York, 1997.

“The Equity Premium Puzzle,” in Business Cycles, Panics and Depressions, ed. by David

Glassner, Garland Press, New York, 1997.

“The Stock Market Crash of 1987,” (with A.W. Kleidon) in Business Cycles, Panics and

Depressions, David Glassner, ed., Garland Press, New York, 1997.

“On the Volatility of Stock Prices: An Exercise in Quantitative Theory,” International Journal of Systems Science, 29, November, 1998 pp. 1203-1211.

“The Equity Premium,” in The Global Investor Book of Investing Rules ed. by Philip Jenks and Stephen Eckett, Harriman House Ltd., Great Britain, 2001.

“Mood Fluctuations, Projection Bias, And Volatility of Equity Prices,” (with Raaj Sah),

Journal of Economic Dynamics and Control, 26, May, 2002, pp. 869-887.

“Junior Can’t Borrow: A New Perspective on the Equity Premium Puzzle,” (with G.M. Constantinides and J.B. Donaldson), Quarterly Journal of Economics, 117, February,

2002, pp. 269-96.

“Finance 2001,” Journal of Economic Dynamics and Control, 26 6/7, 2002, pp. 1069-1074.

“The Equity Premium: Why Is It A Puzzle?” Financial Analysts Journal, January /February

2003, pp 54-69. Awarded a Financial Analysts Foundation Graham and Dodd Scroll for

excellence in financial writing.

“The Equity Premium Puzzle in Retrospect,” (with E.C. Prescott) Handbook of the

Economics of Finance ed. by G.M Constantinides, M. Harris and R. Stulz, North Holland, Amsterdam, 2003.

“Junior Must Pay: Pricing the Implicit Put in Privatizing Social Security,” (with J.B. Donaldson and G.M. Constantinides), Annals of Finance, 1, January 2005, pp.1-34.

“Junior is Rich: Bequests as Consumption,” (with J.B. Donaldson and G.M. Constantinides).

Economic Theory Volume 32, 2007, pp 125-155.

“The Equity Premium in India,” Oxford Companion to Economics in India, edited by

Kaushik Basu, Oxford University Press, 2007.

“The Equity Premium: ABCs,” (with E.C. Prescott) The Handbook of the Equity Risk Premium, edited by Rajnish Mehra, Elsevier, Amsterdam, 2008, pp 1-36.

“Risk Based Explanations of the Equity Premium” (with J.B Donaldson) Handbook of

Investments: The Handbook of the Equity Risk Premium, edited by Rajnish Mehra, Elsevier, Amsterdam, 2008, pp 37- 100.

“Non Risk Based Explanations of the Equity Premium” (with E.C Prescott) Handbook of

Investments: The Handbook of the Equity Risk Premium, edited by Rajnish Mehra,

Elsevier, Amsterdam, 2008, pp 101-215.

“Recursive Competitive Equilibrium,” New Palgrave Dictionary of Economics, 2nd Edition,

Macmillan, 2008, pp 35-38.

“Indian Equity Markets: Measures of Fundamental Value”, India Policy Forum, Volume 6, 2010, pp 1-30

“Costly Financial Intermediation in Neoclassical Growth Theory” (with F. Piguillem and E.C.

Prescott), Quantitative Economics, Volume 2, March 2011, pp.1-36.

“The Equity Premium Puzzle Revisited” in Rethinking the Equity Risk Premium, edited by P. Brett Hammond, Martin L. Leibowitz, and Laurence B. Siegel, Research Foundation of CFA Institute, Charlottesville, Va. 2011.

“The Equity Premium in India,” The New Oxford Companion to Economics in India, edited by Kaushik Basu and Annemie Maertens, Oxford University Press, 2011.

“Consumption-Based Asset Pricing Models”, Annual Review of Financial Economics 4, 2012 385–409.

“The Term Structure of Interest Rates in India” (with Arunima Sinha), in Monetary Policy in

India: A Modern Macroeconomic Perspective, edited by Chetan Ghate and Kenneth Kletzer, Springer 2016. pp 231-256.

“A 21st Century Perspective on Asset Management” (joint with Jean Pierre Danthine and John Donaldson) in Finance in Society, edited by Mette Bjørndal, Frøystein Gjesdal and Aksel Mjøs. Cappelen Damm 2017. pp 55-68.

“Do Properly Anticipated Prices Fluctuate Randomly? Evidence from VIX futures markets” (with George Aragon and Sunil Wahal). Journal of Portfolio Management, 46(7), July 2020, pp.144-159.

“Is Idiosyncratic Risk Conditionally Priced?” (with Sunil Wahal and Daruo Xie). Quantitative Economics, Volume 12, May 2021, pp.625-646.

“Average Crossing Time: An Alternative Characterization of Mean Aversion and Reversion”

(with J.B. Donaldson). Quantitative Economics, Volume 12, July 2021, pp.903-944.

“Reflections on the Equity Premium” in Revisiting the Equity Risk Premium. Edited by

Laurence B. Siegel and Paul McCaffrey. Charlottesville, VA: CFA Institute Research Foundation, 2023. pp.52-57

“Demographics and FDI: Lessons from China's One-Child Policy” (with John Donaldson,

Christos Koulovatianos and Jian Li). Macroeconomic Dynamics. 2024, pp. 1-18.