The Probability of Recession
We evaluate a new recession probability model that depends on economic and market inputs. The model tends to predict economic downturns but not equity declines.
Vishv Jeet is a Vice President in PGIM’s Institutional Advisory & Solutions (IAS) group. He joined IAS from Burgiss, where he was an associate director of applied research focusing on the econometrics of private capital investments. In his role at Burgiss, Vishv developed models for private equity performance measurement, benchmarking, attribution, risk estimation, cash-flow forecasting, and commitment pacing. Prior to joining Burgiss, Vishv was a Sr. Researcher at Axioma Inc., where he contributed to equity-portfolio construction research including alpha and risk modeling, optimization, and performance attribution. Vishv started his career as an optimization expert for Gravitant Inc. (an IBM company). Vishv earned his B. Tech and M. Tech degrees in Mechanical Engineering from Indian Institute of Technology, Mumbai, India and his Ph.D. (Operations Research) from the University of Texas at Austin.