Ravi Bansal

Ravi Bansal

Professor of Economics

External Address: 
216F Fuqua Sch of Bus, Durham, NC 27708
Internal Office Address: 
Box 90120, Durham, NC 27708-0120
Phone: 
(919) 660-7758

Prof. Ravi Bansal is J.B. Fuqua Professor of Finance and Economics at Duke University and Research Associate at the NBER. He is a leader in the fields finance and macroeconomics and has published extensively in leading journals such as the Journal of Finance, American Economic Review and the Journal of Political Economy. His research provides new insights about the connections between economic growth and uncertainty to bond, equity, and currency markets. His pioneering work on identifying risks in capital markets, specifically long-run risks, is cited and discussed in the scientific background article for the 2013 Nobel Prize in Economics. Many of his PhD students have placed at leading academic institutions, central banks, and investment banks. In addition to Duke University, he has taught at Wharton School of Business, Stanford University, and the Indian School of Business. He earned his PhD from Carnegie Mellon University and prior to his doctorate, he studied at the Delhi School of Economics, Delhi University, and St. Xavier’s School (Delhi).

Education

  • Ph.D., Carnegie Mellon University 1990
  • M.A., University of Delhi (India) 1985
  • B.A., University of Delhi (India) 1982

Bansal, R. “Long-run risks and financial markets.” Federal Reserve Bank of St. Louis Review 89, no. 4 (July 1, 2007): 283–99.

Bansal, R., A. R. Gallant, and G. Tauchen. “Rational pessimism, rational exuberance, and asset pricing models.” Review of Economic Studies 74, no. 4 (2007): 1005–33. https://doi.org/10.1111/j.1467-937X.2007.00454.x. Full Text Open Access Copy

Bansal, R., R. F. Dittmar, and C. T. Lundblad. “Consumption, dividends, and the cross section of equity returns.” Journal of Finance 60, no. 4 (August 1, 2005): 1639–72. https://doi.org/10.1111/j.1540-6261.2005.00776.x. Full Text

Bansal, R., V. Khatchatrian, and A. Yaron. “Interpretable asset markets?.” European Economic Review 49, no. 3 (April 1, 2005): 531–60. https://doi.org/10.1016/j.euroecorev.2004.09.002. Full Text

Bansal, R., G. Tauchen, and H. Zhou. “Regime shifts, risk premiums in the term structure, and the business cycle.” Journal of Business and Economic Statistics 22, no. 4 (October 1, 2004): 396–409. https://doi.org/10.1198/073500104000000398. Full Text

Bansal, R., and A. Yaron. “Risks for the long run: A potential resolution of asset pricing puzzles.” Journal of Finance 59, no. 4 (August 1, 2004): 1481–1509. https://doi.org/10.1111/j.1540-6261.2004.00670.x. Full Text

Bansal, R., L. Christiano, and E. G. Mendoza. “Introduction: Macroeconomic implications of capital flows in a global economy.” Journal of Economic Theory 119, no. 1 SPEC. ISS. (January 1, 2004): 1–5. https://doi.org/10.1016/j.jet.2004.07.002. Full Text

Bansal, R., and C. Lundblad. “Market efficiency, asset returns, and the size of the risk premium in global equity markets.” Journal of Econometrics 109, no. 2 (August 1, 2002): 195–237. https://doi.org/10.1016/S0304-4076(02)00067-2. Full Text

Bansal, R., and H. Zhou. “Term structure of interest rates with regime shifts.” Journal of Finance 57, no. 5 (January 1, 2002): 1997–2043. https://doi.org/10.1111/0022-1082.00487. Full Text

Bansal, R., and M. Dahlquist. “The forward premium puzzle: Different tales from developed and emerging economies.” Journal of International Economics 51, no. 1 (January 1, 2000): 115–44. https://doi.org/10.1016/S0022-1996(99)00039-2. Full Text

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