Indrajit Mitra

Indrajit Mitra is a financial economist and assistant policy 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.

Research Interests

• Equilibrium asset pricing, macro-finance, labor markets, consequences of household and firm heterogeneity, dynamic contracts.

Education

• MIT Sloan School of Management, Ph.D., Financial Economics, 2015
• Princeton University, Ph.D., Theoretical Particle Physics, 2003
• Indian Institute of Technology, Kharagpur, India, BSc. Physics 1996, MSc. Physics, 1998.

Publications

Articles

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

2019
February
Limited Household Risk Sharing: General Equilibrium Implications for the Term Structure of Interest Rates (with Y. Xu).

October
Near-Rational Equilibria in Heterogeneous-Agent Models: A Verification Method (with L. Kogan).

2017 (revised 2019)
May
Moral Hazard, Firm Age, and Slow Recovery with Uncertainty Shocks.

In Progress

• "Large Shocks in Heterogeneous Agent Economies". (with E. Bayraktar and J. Zhang).

• "High Discounts and Low Fundamental Surplus: An Equivalence Result for Unemployment Fluctuations" (with Y. Xu).