Professor Kaushik Mitra

Professor Kaushik Mitra

The Department of Economics
Chair in Economics

Contact details

Department of Economics
University of Birmingham
JG Smith Building
B15 2TT

Professor Mitra has research interests in Macro and Monetary Economics and is one of the research leaders in the field of adaptive learning in macroeconomics. 

Feedback and office hours


  • Doctor of Philosophy (Economics), 1997, Cornell University.
  • Master of Arts (Economics), 1993, Cornell University.
  • Master of Science (Economics), 1991, University of Calcutta.
  • Bachelor of Science (Economics), 1989, University of Calcutta.


Postgraduate supervision

Doctoral research

PhD title

Other activities

Associate Editor, Macroeconomic Dynamics.

Economic and Social Research Council (ESRC) Peer Review College Member since January 2013.

Associate Fellow, The International Network on Expectational Coordination.

Member of the Programme Committee of the Annual Royal Economic Society Conferences in Cambridge and Royal Holloway, 2012 and 2013, and of the 18th European Economic Association Annual Congress, Stockholm, August 20-24, 2003.

Organizer of the CDMA conference “Expectations in Dynamic Macroeconomic Models” held in the University of St Andrews during August 31-September 2, 2011.

Visiting Scholar at the Bank of Finland, Finland, April-October, 2001.

Visiting Scholar at the Federal Reserve Bank of St. Louis, U.S.A., September 29-October 10, 2000.

Visiting Scholar at Washington University, St. Louis, U.S.A., April-June 1999.


Recent publications


Di Pace, F, Mitra, K & Zhang, S 2021, 'Adaptive learning and labor market dynamics', Journal of Money, Credit and Banking, vol. 53, no. 2-3, pp. 441-475.

Honkapohja, S & Mitra, K 2020, 'Price level targeting with evolving credibility', Journal of Monetary Economics, vol. 116, pp. 88-103.

Mitra, K, Evans, G & Honkapohja, S 2017, 'Fiscal policy multipliers in an RBC model with learning', Macroeconomic Dynamics, vol. 23, no. 1, pp. 240-283.,

Kuang, P & Mitra, K 2016, 'Long-run growth uncertainty', Journal of Monetary Economics, vol. 79, pp. 67-80.

Honkapohja, S & Mitra, K 2015, 'Comparing Inflation and Price-Level Targeting: The Role of Forward Guidance and Transparency', Manchester School, vol. 83, no. S2, pp. 27-59.

Evans, GW & Mitra, K 2013, 'E-stability in the stochastic Ramsey model', Economics Letters, vol. 118, no. 2, pp. 407-410.

Mitra, K, Evans, GW & Honkapohja, S 2013, 'Policy change and learning in the RBC model', Journal of Economic Dynamics and Control, vol. 37, no. 10, pp. 1947-1971.

Evans, GW, Honkapohja, S & Mitra, K 2012, 'Does Ricardian Equivalence Hold When Expectations Are Not Rational?', Journal of Money, Credit and Banking, vol. 44, no. 7, pp. 1259-1283.

Evans, GW, Honkapohja, S & Mitra, K 2009, 'Anticipated fiscal policy and adaptive learning', Journal of Monetary Economics, vol. 56, no. 7, pp. 930-953.

Bullard, J & Mitra, K 2007, 'Determinacy, Learnability, and Monetary Policy Inertia', Journal of Money, Credit and Banking, vol. 39, no. 5, pp. 1177-1212.

Honkapohja, S & Mitra, K 2006, 'Learning stability in economies with heterogeneous agents', Review of Economic Dynamics, vol. 9, no. 2, pp. 284-309.

Mitra, K 2005, 'Is more data better?', Journal of Economic Behavior & Organization, vol. 56, no. 2, pp. 263-272.

Honkapohja, S & Mitra, K 2005, 'Performance of inflation targeting based on constant interest rate projections', Journal of Economic Dynamics and Control, vol. 29, no. 11, pp. 1867-1892.


Honkapohja, S, Mitra, K & Evans, GW 2013, Notes on Agents’ Behavioral Rules Under Adaptive Learning and Studies of Monetary Policy. in T Sargent & J Vilmunen (eds), Macroeconomics at the Service of Public Policy . Oxford University Press.

Conference contribution

Honkapohja, S & Mitra, K 2006, Learning of Steady States in Nonlinear Models when Shocks Follow a Markov Chain. in C Schultz & K Vind (eds), Institutions, Equilibria, and Efficiency: Essays in Honour of Birgit Grodal. vol. 25, Studies in Economic Theory, Springer Verlag, pp. 261-272.

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Languages and other information

Media experience


Policy experience

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