W. P. Carey School of Business
W. P. Carey School of Business

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Rajnish Mehra

E.N. Basha Arizona Heritage Chair


Office:CPCOM 435A
Mailing Address:
Main Campus
PO BOX 879801
Tempe, AZ 85287-9801

Phone: 480-965-6335
Fax: 480-965-0748
Email: Rajnish.Mehra@asu.edu
Rajnish Mehra

View Vita

Personal Website


Ph.D., Carnegie-Mellon University, 1978; M.S., Carnegie-Mellon University, 1975; B. Tech Electrical Engineering, Indian Institute of Technology, 1972; St. Stephen's College, University of Delhi, 1966-1967.

Recent Consulting
Vega Asset Management, New York: Advisor for Quantitative Strategies; HFR Asset Management: Member Index Committee; Sonnenschein, Nath & Rosenthal, Chicago: Expert Testimony for IPO Valuation.

Current Projects
"Recursive Competitive Equilibrium," forthcoming in the New Palgrave Dictionary of Economics, 2nd Edition, Macmillan.

Academic Positions
Arizona State University: 2008-present. Previous Appointments: University of California, Santa Barbara, Massachusetts Institute of Technology, University of California, Santa Barbara, Columbia University.

Career and Recent Professional Awards; Teaching Awards
Keynote Speaker, Norwegian School of Economics, 2007; Keynote Address, Brazilian Finance Association, 2005; Scott Scheon Fellow, Yale University, 2005.

Professional Leadership and Service
Editorial Board; Annals of Finance 2004-present. Editor; Journal of Economic Dynamics and Control, Special Issue on Finance, Journal of Economic Dynamics and Control, Finance 2000: New Paradigms in Finance.

Representative Publications
"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.











ASU is a tier 1 research university and W. P. Carey is proud of its strong tradition of teaching and classroom excellence. Our students directly benefit from the research and theories our faculty brings into the classroom. Below is a list of courses being taught during the current semester by this faculty member. Click a course to view it in the ASU course catalog.

ECN 791 - Seminar
A small class emphasizing discussion, presentations by students, and written research papers.

FIN 525 - Investment Strategies
Presents the fundamental principles of risk and return, portfolio diversification, asset allocation, efficient markets, active portfolio management, portfolio evaluation. Reviews selected alternative investment strategies such as hedge fund investments.

FIN 785 - Financial Econ of Cap Mkts
Asset pricing theory, equilibrium asset pricing models, and the equity premium puzzle; incomplete and imperfect markets.

W. P. Carey School of Business

400 E. Lemon St.
Tempe, AZ 85287