Mohan will join the 2016-2017 class of 15 Senior Fellows at The Yale Jackson Institute for Global Affairs. Senior Fellows are leading practitioners in various fields of international affairs who spend a year or semester at Yale teaching courses and mentoring students.
At Jackson, Mohan will teach courses on central banking and the Indian economy, the institute said in a statement.
The institute described Mohan as one of India's "senior-most economic policymakers" and an expert on central banking, monetary policy, infrastructure and urban affairs.
Reserve Bank of India's deputy governor Urjit Patel has been appointed as the next Governor of the central bank after Rajan demits office on September 4. However, Mohan was reportedly among the front-runners to bag the coveted job.
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Mohan has previously taught at Yale as Professor in the Practice of International Economics of Finance at its School of Management. He has also been a past Senior Fellow at the Jackson Institute.
Mohan holds a B Sc in Electrical Engineering from Imperial
College, University of London, a B.A. From Yale University and a Ph.D in Economics from Princeton.
During the period October 31, 2004, to July 2, 2005, he was Secretary, Department of Economic Affairs. He has held several positions in the Indian government and was Chief Economic Advisor in 2001-02.
The other senior fellows include Blair Miller, who leads impact investing for the office of Ray Chambers, the UN Secretary-General's Special Envoy for Malaria, where they are developing a large scale impact investment fund for emerging markets and Ambassador Dennis Ross, former special assistant to President Barack Obama and National Security Council senior director for the Central Region.
The Jackson Institute for Global Affairs promotes education and scholarship on global affairs at Yale.
It serves the entire university through courses and core teaching programmes in global affairs, career counselling, and public lectures, according to the institute's website.