Kaushik Mitra

Kaushik Mitra

The Department of Economics
Professor in Economics

Contact details

Department of Economics
University of Birmingham
University House
University of Birmingham
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. 

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  • 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


Evans, GW, Honkapohja, S & Mitra, K 2022, 'Expectations, stagnation, and fiscal policy: a nonlinear analysis', International Economic Review. https://doi.org/10.1111/iere.12573

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. https://doi.org/10.1111/jmcb.12764

Honkapohja, S & Mitra, K 2020, 'Price level targeting with evolving credibility', Journal of Monetary Economics, vol. 116, pp. 88-103. https://doi.org/10.1016/j.jmoneco.2019.09.009

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. https://doi.org/10.1017/S1365100516001176, https://doi.org/10.1017/S1365100516001176

Kuang, P & Mitra, K 2016, 'Long-run growth uncertainty', Journal of Monetary Economics, vol. 79, pp. 67-80. https://doi.org/10.1016/j.jmoneco.2016.04.001

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. https://doi.org/10.1111/manc.12113

Evans, GW & Mitra, K 2013, 'E-stability in the stochastic Ramsey model', Economics Letters, vol. 118, no. 2, pp. 407-410. https://doi.org/10.1016/j.econlet.2012.11.033

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. https://doi.org/10.1016/j.jedc.2013.05.011

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. https://doi.org/10.1111/j.1538-4616.2012.00531.x

Evans, GW, Honkapohja, S & Mitra, K 2009, 'Anticipated fiscal policy and adaptive learning', Journal of Monetary Economics, vol. 56, no. 7, pp. 930-953. https://doi.org/10.1016/j.jmoneco.2009.09.007

Bullard, J & Mitra, K 2007, 'Determinacy, Learnability, and Monetary Policy Inertia', Journal of Money, Credit and Banking, vol. 39, no. 5, pp. 1177-1212. https://doi.org/10.1111/j.1538-4616.2007.00062.x

Honkapohja, S & Mitra, K 2006, 'Learning stability in economies with heterogeneous agents', Review of Economic Dynamics, vol. 9, no. 2, pp. 284-309. https://doi.org/10.1016/j.red.2006.01.003


Honkapohja, S & Mitra, K 2022, Effects from Pandemic and Stagnation. in The Impact of COVID-19 on India and the Global Order: A Multidisciplinary Approach. Springer Nature, pp. 171-188. https://doi.org/10.1007/978-981-16-8472-2_8

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. https://doi.org/10.1093/acprof:oso/9780199666126.003.0005

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. https://doi.org/10.1007/3-540-28161-4_14

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