Ravi Bansal
Professor of Economics
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
Ai, H., and R. Bansal. “Risk Preferences and the Macroeconomic Announcement Premium.” Econometrica 86, no. 4 (January 1, 2018): 1383–1430. https://doi.org/10.3982/ECTA14607. Full Text
Bansal, R., D. Kiku, I. Shaliastovich, and A. Yaron. “Volatility, the Macroeconomy, and Asset Prices.” Journal of Finance 69, no. 6 (January 1, 2014): 2471–2511. https://doi.org/10.1111/jofi.12110. Full Text
Bansal, R., and I. Shaliastovich. “A long-run risks explanation of predictability puzzles in bond and currency markets.” Review of Financial Studies 26, no. 1 (January 1, 2013): 1–33. https://doi.org/10.1093/rfs/hhs108. Full Text
Bansal, Ravi, Dana Kiku, and Amir Yaron. “An Empirical Evaluation of the Long-Run Risks Model for Asset Prices” 1, no. 1 (January 2012): 183–221.
Bansal, R., and I. Shaliastovich. “Learning and asset-price jumps.” Review of Financial Studies 24, no. 8 (August 1, 2011): 2738–80. https://doi.org/10.1093/rfs/hhr023. Full Text
Bansal, R., and D. Kiku. “Cointegration and long-run asset allocation.” Journal of Business and Economic Statistics 29, no. 1 (January 1, 2011): 161–73. https://doi.org/10.1198/jbes.2010.08062. Full Text
Bansal, R., D. Kiku, and A. Yaron. “Long run risks, the macroeconomy, and asset prices.” American Economic Review 100, no. 2 (May 1, 2010): 542–46. https://doi.org/10.1257/aer.100.2.542. Full Text Open Access Copy
Bansal, R., and I. Shaliastovich. “Confidence risk and asset prices.” American Economic Review 100, no. 2 (May 1, 2010): 537–41. https://doi.org/10.1257/aer.100.2.537. Full Text Open Access Copy
Bansal, R., R. Dittmar, and D. Kiku. “Cointegration and consumption risks in asset returns.” Review of Financial Studies 22, no. 3 (March 1, 2009): 1343–75. https://doi.org/10.1093/rfs/hhm085. Full Text
Bansal, R. “Long-Run Risks and Risk Compensation in Equity Markets,” December 1, 2008, 167–93. https://doi.org/10.1016/B978-044450899-7.50009-9. Full Text
Pages
Bansal, R. “Long Run Risks and Risk Compensation in Equity Market.” In Handbook of Investments: Equity Risk Premium, edited by R. Mehra. North Holland, 2006.
Bansal, R. “Growth-Optimal Portfolio Restrictions on Asset Pricing Model.” In Macroeconomic Dynamics, 1:333–54, 1997.
Bansal, R. “Computational Aspects of Nonparametric Simulation Estimation.” edited by D. Belsley. Kluwer Academic Publishers, 1994.
Bansal, R., D. Kiku, and A. Yaron. “Risks for the long run: Estimation with time aggregation,” September 1, 2016. https://doi.org/10.1016/j.jmoneco.2016.07.003. Full Text