Eminent Economist Joins Yale
Yale University President Richard C. Levin recently announced the appointment of Rakesh Mohan as Professor in the Practice of International Economics and Finance in the Yale School of Management, and as Senior Fellow in the Jackson Institute for Global Affairs at Yale University. An eminent economist and, until recently, the Deputy Governor of the Reserve Bank of India, Mohan’s appointment will begin on July 1, 2010.
President Levin stated: “Rakesh Mohan has been among India’s most distinguished economists and admirably served the Reserve Bank of India and the central banking community during a period of unprecedented growth and challenges. I am pleased that Professor Mohan will bring his experience and knowledge to his teaching at Yale in training of the next generation of economists and international leaders.”
Rakesh Mohan stated: “I am honored to return to Yale – this time on its faculty – because it was at Yale forty years ago as an undergraduate that I began my studies in economics. I have long admired the caliber and the talent of Yale’s students and faculty, and I am very much looking forward to again being part of this extraordinary scholarly community.”
Mohan received his B.A. in Economics from Yale University and his M.A. and Ph.D. in Economics from Princeton University. He also holds a B.S. in Electrical Engineering from Imperial College of Science and Technology, University of London. He has been a member of the Yale President’s Council on International Activities (PCIA) since 2005.
Mohan is currently the nonexecutive vice chairman of the Indian Institute of Human Settlements, and Global Adviser to the McKinsey Global Institute, McKinsey and Company. In February 2010, India’s Prime Minister Manmohan Singh appointed Mohan as chairman of the multi-ministry National Transport Development Policy Committee to recommend transportation policy for India.
Mohan has researched extensively in the areas of economic reforms and liberalization, industrial economics, urban economics, infrastructure studies, economic regulation, monetary policy and the financial sector. He is the author of three books on urban economics and urban development, and co-author of one book and editor of another on Indian economic policy reforms, and of numerous articles.
Mohan served as Deputy Governor of the Reserve Bank of India between September 2002 and October 2004, and again from June 2005 to July 2009. In the interim, he served as Secretary of the Department of Economic Affairs in the Ministry of Finance, Government of India. As Deputy Governor, he was in charge of monetary policy, financial markets, economic research and statistics.
Mohan has been Director-General of the National Council of Applied Economic Research, Director and Chief Executive of the Indian Council for Research and International Economic Relations, and Vice Chairman, Infrastructure Development Finance Company. He also held the position of Adviser to the Finance Minister and Chief Economic Adviser between January 2001 and May 2002.
He has been Member of the Economic Advisory Council to the Prime Minister of India, Member of the Telecom Regulatory Authority of India, Member of the National Security Advisory Board, Member of the Tariff Authority of Major Ports, and Member of the Securities and Exchange Board of India. Among research institutions, he has been Member of the Board of Governors of Institute of Economic Growth, National Institute of Public Finance and Policy, National Council of Applied Economic Research, Madras School of Economics, National Institute of Urban Affairs, Indian Council for Research in International Economic Relations, Center for Policy Research, and Indira Gandhi Institute of Development Research.
As Secretary, Department of Economic Affairs, he was Alternate Governor of the World Bank and Asian Development Bank, and Member of the Atomic Energy Commission and of the Space Commission. He has been Director of the State Bank of India, National Housing Bank, Industrial Reconstruction Bank of India, the Industrial Credit, and Investment Corporation of India (ICICI), and the Small Industries Development Bank of India (SIDBI).