Ravi Jagannathan
Encyclopedia
Ravi Jagannathan is an American
economist
. He is currently a chaired professor
at the Kellogg School of Management
at Northwestern University
. With the exception of the period 1989-1997 when he was a professor at the University of Minnesota
, Jagannathan has been at Kellogg since graduate school.
Jagannathan received a bachelor's degree
in mechanical engineering
from the University of Madras
in 1970, an MBA
from the Indian Institute of Management in Ahmedabad
, India and his Ph.D.
from Carnegie Mellon University
.
His research interests are in the areas of asset pricing, capital markets and financial institutions. Along with Zhenyu Wang, in 1996 he advanced a variation on the Capital Asset Pricing Model
known as "conditional CAPM." Some recent empirical work on options prices supports this model.
He is also among those known for the Hansen-Jagannathan bounds which provide a way to use security market data to restrict the volatility
of the stochastic discount factor.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
economist
Economist
An economist is a professional in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy...
. He is currently a chaired professor
Professor
A professor is a scholarly teacher; the precise meaning of the term varies by country. Literally, professor derives from Latin as a "person who professes" being usually an expert in arts or sciences; a teacher of high rank...
at the Kellogg School of Management
Kellogg School of Management
The Kellogg School of Management is the business school of Northwestern University in Evanston, Illinois, downtown Chicago, Illinois and Miami, Florida. Kellogg offers full-time, part-time, and executive programs, as well as partnering programs with schools in China, India, Hong Kong, Israel,...
at Northwestern University
Northwestern University
Northwestern University is a private research university in Evanston and Chicago, Illinois, USA. Northwestern has eleven undergraduate, graduate, and professional schools offering 124 undergraduate degrees and 145 graduate and professional degrees....
. With the exception of the period 1989-1997 when he was a professor at the University of Minnesota
University of Minnesota
The University of Minnesota, Twin Cities is a public research university located in Minneapolis and St. Paul, Minnesota, United States. It is the oldest and largest part of the University of Minnesota system and has the fourth-largest main campus student body in the United States, with 52,557...
, Jagannathan has been at Kellogg since graduate school.
Jagannathan received a bachelor's degree
Bachelor's degree
A bachelor's degree is usually an academic degree awarded for an undergraduate course or major that generally lasts for three or four years, but can range anywhere from two to six years depending on the region of the world...
in mechanical engineering
Mechanical engineering
Mechanical engineering is a discipline of engineering that applies the principles of physics and materials science for analysis, design, manufacturing, and maintenance of mechanical systems. It is the branch of engineering that involves the production and usage of heat and mechanical power for the...
from the University of Madras
University of Madras
The University of Madras is a public research university in Chennai, Tamil Nadu, India. It is one of the three oldest universities in India...
in 1970, an MBA
Master of Business Administration
The Master of Business Administration is a :master's degree in business administration, which attracts people from a wide range of academic disciplines. The MBA designation originated in the United States, emerging from the late 19th century as the country industrialized and companies sought out...
from the Indian Institute of Management in Ahmedabad
Ahmedabad
Ahmedabad also known as Karnavati is the largest city in Gujarat, India. It is the former capital of Gujarat and is also the judicial capital of Gujarat as the Gujarat High Court has its seat in Ahmedabad...
, India and his Ph.D.
Doctor of Philosophy
Doctor of Philosophy, abbreviated as Ph.D., PhD, D.Phil., or DPhil , in English-speaking countries, is a postgraduate academic degree awarded by universities...
from Carnegie Mellon University
Carnegie Mellon University
Carnegie Mellon University is a private research university in Pittsburgh, Pennsylvania, United States....
.
His research interests are in the areas of asset pricing, capital markets and financial institutions. Along with Zhenyu Wang, in 1996 he advanced a variation on the Capital Asset Pricing Model
Capital asset pricing model
In finance, the capital asset pricing model is used to determine a theoretically appropriate required rate of return of an asset, if that asset is to be added to an already well-diversified portfolio, given that asset's non-diversifiable risk...
known as "conditional CAPM." Some recent empirical work on options prices supports this model.
He is also among those known for the Hansen-Jagannathan bounds which provide a way to use security market data to restrict the volatility
Volatility (finance)
In finance, volatility is a measure for variation of price of a financial instrument over time. Historic volatility is derived from time series of past market prices...
of the stochastic discount factor.