Indrajit Mitra
Research Economist and Associate Adviser
About
Indrajit Mitra is a research economist and associate adviser on the financial markets team in the Research Department at the Federal Reserve Bank of Atlanta. His research interests cover topics at the intersection of asset pricing and corporate finance with an emphasis on the connection between labor and financial markets, and methods to solve and analyze heterogeneous agent models in general equilibrium.
Connect
Expertise
Biography
Indrajit Mitra is a research economist and associate adviser on the financial markets team in the Research Department at the Federal Reserve Bank of Atlanta. His research interests cover topics at the intersection of asset pricing and corporate finance with an emphasis on the connection between labor and financial markets, and methods to solve and analyze heterogeneous agent models in general equilibrium.
Before joining the Atlanta Fed in 2020, Dr. Mitra was an assistant professor at the University of Michigan's Ross School of Business. He received his doctoral degree in financial economics from the MIT Sloan School of Management and a doctoral degree in theoretical particle physics from Princeton University.
Published Work
Federal Reserve work covering the latest six years.
No results were found.
Please adjust the selected filters or try resetting them to default.
External work by Atlanta Fed staff.
Articles
2025
“Near-Rational Equilibria in Heterogenous-Agent Models: A Verification Method” (with L. Kogan), Editor’s Choice and Lead Article, Review of Financial Studies, 2025, 38 (9), 2227-2274.
2024
“A Theory of the Term Structure of Interest Rates under Limited Household Risk Sharing” (with Y. Xu), Review of Financial Studies, 2024, 37 (8), 2461-2509.
“High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations” (with Taeuk Seo and Yu Xu), Management Science, 2024, 70 (6), 3381-4165.
“Countercyclical Unemployment Benefits: A General Equilibrium Analysis with Transition Dynamics” (with Erhan Bayraktar and Jingjie Zhang), Mathematics and Financial Economics, 2024, 18, 213-232.
2023
"High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations," Management Science, August 4, 2023 (with Y. Xu).
2020
"Time-Varying Risk Premium and Unemployment Risk across Age Groups", Review of Financial Studies, 33 (8), August 2020, 3624–3673 (with Y. Xu).
2010
"Extreme Risk Analysis", Journal of Performance Management (Spring) 14 (3). (with L. Goldberg, J. Menchero, and M. Hayes).
2008
"The Structure of Hybrid Factor Models", Journal of Investment Management (Q3) 6 (3). (with J. Menchero).
Non-Federal-Reserve Working Papers
2023
December
A Theory of the Term Structure of Interest Rates
under Limited Household Risk Sharing (with Y. Xu).
2019
October
Near-Rational Equilibria in Heterogeneous-Agent
Models: A Verification Method (with L. Kogan).
2017
May
Moral Hazard, Firm Age, and Slow Recovery with
Uncertainty Shocks.
(Revised 2019)
Forthcoming
"Large Shocks in Heterogeneous Agent Economies". (with E. Bayraktar and J. Zhang).
External work by Atlanta Fed staff.
Conference & Seminar Presentations(*indicates presentation by co-author)
Scheduled
Bi-Annual Workshop on Investment and Production-Based Asset Pricing
European Finance Association
2021
American Finance Association
2020
Western Finance Association
University of Rochester
Federal Reserve Bank of Atlanta
Federal Reserve Bank of New York
Federal Reserve Board
Temple University
2019
University of Houston
University of Maryland
Texas A&M University
Society for Financial Studies Cavalcade
North American Summer Meeting Econometric Society
European Summer Meeting Econometric Society
Labor and Finance conference
Northern Finance Association
2018
American Finance Association
North American Summer Meeting Econometric Society
European Summer Meeting Econometric Society
European Finance Association*
Barcelona Graduate School of Economics Summer Forum*
Stanford Institute for Theoretical Economics
City University of Hong Kong
University of Hong Kong
Nanyang Technological University—Singapore
The Ohio State University Department of Economics
Tel-Aviv Finance Conference
2017
Midwest Finance Association
University of California—Berkeley (Haas)*
UCLA (Anderson)*
2016
Midwest Finance Association
Western Finance Association
2015
MIT Capital Markets Workshop
Duke University (Fuqua)
Imperial College
London School of Economics
University of Michigan (Ross)
Michigan State University
University of Minnesota (Carlson)
University of Pennsylvania (Wharton)
2014
Duke-UNC AP Conference*
Minnesota Macro—Asset Pricing conference*
MIT Capital Markets Workshop
SED Annual Meeting*
Stanford Institute for Theoretical Economics