Patrick J Kehoe

1987 …2019
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Research Output 1987 2019

2019

Rethinking Optimal Currency Areas

Chari, V. V., Dovis, A. & Kehoe, P. J., Jan 1 2019, In : Journal of Monetary Economics.

Research output: Contribution to journalArticle

European countries
Optimal currency area
Credibility
Temptation
Time inconsistency
2017
1 Citation (Scopus)

Fiscal unions redux

Kehoe, P. J. & Pastorino, E., Dec 1 2017, In : Economic Theory. 64, 4, p. 741-776 36 p.

Research output: Contribution to journalArticle

Authority
Fiscal
International financial markets
Insurance
Benchmark
2016
10 Citations (Scopus)

Accounting for Business Cycles

Brinca, P., Chari, V. V., Kehoe, P. J. & McGrattan, E., Jan 1 2016, Handbook of Macroeconomics, 2016. Taylor, J. B. & Uhlig, H. (eds.). Elsevier B.V., p. 1013-1063 51 p. (Handbook of Macroeconomics; vol. 2).

Research output: Chapter in Book/Report/Conference proceedingChapter

Business cycles
Great Recession
Recession
Ireland
Labor
11 Citations (Scopus)

Bailouts, time inconsistency, and optimal regulation: A macroeconomic view

Chari, V. V. & Kehoe, P. J., Sep 2016, In : American Economic Review. 106, 9, p. 2458-2493 36 p.

Research output: Contribution to journalArticle

Macroeconomics
Government
Time inconsistency
Optimal regulation
Bailouts
1 Citation (Scopus)

Debt constraints and the labor wedge

Kehoe, P., Midrigan, V. & Pastorino, E., May 2016, In : American Economic Review. 106, 5, p. 548-553 6 p.

Research output: Contribution to journalArticle

2015
37 Citations (Scopus)

Prices are sticky after all

Kehoe, P. & Midrigan, V., Oct 2015, In : Journal of Monetary Economics. 75, p. 35-53 19 p.

Research output: Contribution to journalArticle

Price changes
Sticky prices
Economists
Stickiness
Price level
2010
21 Citations (Scopus)

Sophisticated monetary policies

Atkeson, A., Chari, V. V. & Kehoe, P. J., Feb 1 2010, In : Quarterly Journal of Economics. 125, 1, p. 47-89 43 p.

Research output: Contribution to journalArticle

Monetary policy
Regime switching
Interest rates
Determinacy
Taylor principle
2009
132 Citations (Scopus)

New Keynesian Models: Not Yet Useful for Policy Analysis

McGrattan, E. R., Chari, V. V. & Kehoe, P. J., Jan 2009, In : American Economic Journal: Macroeconomics. 1, 1, p. 242-266 25 p.

Research output: Contribution to journalArticle

The New Keynesian Models: Not Yet Useful for Policy Analysis

Kehoe, P. J., Chari, V. V., McGrattan, E. R. & Kehoe, P. J., Jan 2009, In : American Economic Journal: Macroeconomics.

Research output: Contribution to journalArticle

51 Citations (Scopus)

Time-varying risk, interest rates, and exchange rates in general equilibrium

Alvarez, F., Atkeson, A. & Kehoe, P. J., Jun 25 2009, In : Review of Economic Studies. 76, 3, p. 851-878 28 p.

Research output: Contribution to journalArticle

Interest rates
Exchange rates
Fluctuations
General equilibrium
Time-varying risk
2008
92 Citations (Scopus)
Fluctuations
Long-run restrictions
Business cycle theory
Technology shocks
Structural VAR
12 Citations (Scopus)

On the need for a new approach to analyzing monetary policy

Atkeson, A. & Kehoe, P. J., Dec 1 2008, In : NBER Macroeconomics Annual. 23, p. 389-425 37 p.

Research output: Contribution to journalArticle

Pricing kernel
Monetary policy
Policy analysis
Central bank policy
Policy change
26 Citations (Scopus)

Time inconsistency and free-riding in a monetary union

Chari, V. V. & Kehoe, P. J., Oct 1 2008, In : Journal of Money, Credit and Banking. 40, 7, p. 1329-1355 27 p.

Research output: Contribution to journalArticle

Monetary union
Time inconsistency
Free-riding
Free-rider problem
Authority
2007
311 Citations (Scopus)

Business cycle accounting

Chari, V. V., Kehoe, P. J. & McGrattan, E. R., May 1 2007, In : Econometrica. 75, 3, p. 781-836 56 p.

Research output: Contribution to journalArticle

Business cycle accounting
Government consumption
Fluctuations
Friction
Prototype
12 Citations (Scopus)

If exchange rates are random walks, Then almost everything we say about Monetary policy is wrong

Alvarez, F., Atkeson, A. & Kehoe, P. J., May 1 2007, In : American Economic Review. 97, 2, p. 339-345 7 p.

Research output: Contribution to journalArticle

Exchange rates
Monetary policy
Random walk
53 Citations (Scopus)

Modeling the transition to a new economy: Lessons from two technological revolutions

Atkeson, A. & Kehoe, P. J., Mar 1 2007, In : American Economic Review. 97, 1, p. 64-88 25 p.

Research output: Contribution to journalArticle

Technological revolution
New economy
Modeling
Industrial revolution
Life cycle
42 Citations (Scopus)

On the need for fiscal constraints in a monetary union

Chari, V. V. & Kehoe, P. J., Nov 1 2007, In : Journal of Monetary Economics. 54, 8, p. 2399-2408 10 p.

Research output: Contribution to journalArticle

Monetary union
Free-rider problem
Debt constraints
Fiscal
Fiscal policy
2006
2 Citations (Scopus)

Comment

Kehoe, P. J., Dec 1 2006, NBER Macroeconomics Annual. Acemoglu, D., Rogoff, K. & Woodford, M. (eds.). p. 73-96 24 p. (NBER Macroeconomics Annual; vol. 21).

Research output: Chapter in Book/Report/Conference proceedingChapter

59 Citations (Scopus)

Modern macroeconomics in practice: How theory is shaping policy

Chari, V. V. & Kehoe, P. J., Sep 1 2006, In : Journal of Economic Perspectives. 20, 4, p. 3-28 26 p.

Research output: Contribution to journalArticle

Macroeconomics
2005

Comment on: "Determinants of business cycle comovement: A robust analysis"

Kehoe, P. J., Jan 1 2005, In : Journal of Monetary Economics. 52, 1, p. 159-162 4 p.

Research output: Contribution to journalComment/debate

Comovement
Business cycles
123 Citations (Scopus)

Modeling and measuring organization capital

Atkeson, A. & Kehoe, P. J., Oct 1 2005, In : Journal of Political Economy. 113, 5, p. 1026-1053 28 p.

Research output: Contribution to journalArticle

Life cycle
Modeling
Payment
Owners
Economists

Spectral Methods in Business Cycle Accounting

Chari, V. V., Kehoe, P. & McGrattan, E., Nov 2005, In : Revista de Economia. 12, p. 5-18

Research output: Contribution to journalArticle

43 Citations (Scopus)

Sudden stops and output drops

Chari, V. V., Kehoe, P. J., Mcgrattan, E. R., Atkeson, A., Jeanne, O. & Amador, M., May 2005, In : American Economic Review. 95, 2, p. 381-387 7 p.

Research output: Contribution to journalArticle

Sudden stops
43 Citations (Scopus)

The optimal degree of discretion in monetary policy

Athey, S., Atkeson, A. & Kehoe, P. J., Sep 1 2005, In : Econometrica. 73, 5, p. 1431-1475 45 p.

Research output: Contribution to journalReview article

Authority
Monetary policy
Discretion
Private information
Time inconsistency
2004
25 Citations (Scopus)

Competitive equilibria with limited enforcement

Kehoe, P. J. & Perri, F., Nov 2004, In : Journal of Economic Theory. 119, 1 SPEC. ISS., p. 184-206 23 p.

Research output: Contribution to journalArticle

Limited enforcement
Competitive equilibrium
Government
Foreign debt
Capital income tax
37 Citations (Scopus)

Deflation and depression: Is there an empirical link?

Atkeson, A. & Kehoe, P. J., May 1 2004, In : American Economic Review. 94, 2, p. 99-103 5 p.

Research output: Contribution to journalArticle

Deflation
74 Citations (Scopus)

Financial crises as herds: Overturning the critiques

Chari, V. V. & Kehoe, P. J., Nov 2004, In : Journal of Economic Theory. 119, 1 SPEC. ISS., p. 128-150 23 p.

Research output: Contribution to journalArticle

Financial crisis
Herd behavior
Investors
Market price
Investment decision
26 Citations (Scopus)

The time consistency of optimal monetary and fiscal policies

Alvarez, F., Kehoe, P. J. & Neumeyer, P. A., Mar 1 2004, In : Econometrica. 72, 2, p. 541-567 27 p.

Research output: Contribution to journalArticle

Time consistency
Optimal fiscal and monetary policy
Friedman rule
Optimal policy
Benchmark
2003
56 Citations (Scopus)

Hot money

Chari, V. V. & Kehoe, P. J., Dec 1 2003, In : Journal of Political Economy. 111, 6, p. 1262-1292 31 p.

Research output: Contribution to journalArticle

Capital flows
Financial crisis
Government
Debt
Macroeconomic fundamentals
2002
35 Citations (Scopus)

Accounting for the Great Depression

Chari, V. V., Kehoe, P. J. & McGrattan, E. R., May 1 2002, In : American Economic Review. 92, 2, p. 22-27 6 p.

Research output: Contribution to journalArticle

Great Depression
93 Citations (Scopus)

A decade lost and found: Mexico and Chile in the 1980s

Bergoeing, R., Kehoe, P. J., Kehoe, T. J. & Soto, R., Jan 1 2002, In : Review of Economic Dynamics. 5, 1, p. 166-205 40 p.

Research output: Contribution to journalArticle

Mexico
Chile
Federal Reserve
Economic theory
Economics
391 Citations (Scopus)

Can sticky price models generate volatile and persistent real exchange rates?

Chari, V. V., Kehoe, P. J. & McGrattan, E. R., Jan 1 2002, In : Review of Economic Studies. 69, 3, p. 533-563 31 p.

Research output: Contribution to journalArticle

Real exchange rate
Sticky prices
Anomaly
Risk aversion
International business cycles
162 Citations (Scopus)

International business cycles with endogenous incomplete markets

Kehoe, P. J. & Perri, F., Jan 1 2002, In : Econometrica. 70, 3, p. 907-928 22 p.

Research output: Contribution to journalArticle

Friction
International business cycles
Incomplete markets
Anomaly
Loans
83 Citations (Scopus)

Money, interest rates, and exchange rates with endogenously segmented markets

Alvarez, F., Atkenson, A. & Kehoe, P. J., Jan 1 2002, In : Journal of Political Economy. 110, 1, p. 73-112 40 p.

Research output: Contribution to journalArticle

Segmented markets
Interest rates
Exchange rates
Injection
Fixed costs
16 Citations (Scopus)

Policy-driven Productivity in Chile and Mexico in the 1980's and 1990's

Bergoeing, R., Kehoe, P. J., Kehoe, T. J. & Soto, R., May 1 2002, In : American Economic Review. 92, 2, p. 16-21 6 p.

Research output: Contribution to journalReview article

Chile
Productivity
Mexico
2000
269 Citations (Scopus)
Business cycles
Multiplier
Sticky prices
Persistence
Business cycle fluctuations
1999
141 Citations (Scopus)

Chapter 26 Optimal fiscal and monetary policy

Chari, V. V. & Kehoe, P. J., Dec 1 1999, In : Handbook of Macroeconomics. 1, PART C, p. 1671-1745 75 p.

Research output: Contribution to journalReview article

Optimal fiscal and monetary policy
Optimal taxation
Capital income tax
Shopping
Cash
109 Citations (Scopus)

Models of energy use: Putty-Putty versus Putty-Clay

Atkeson, A. & Kehoe, P. J., Sep 1999, In : American Economic Review. 89, 4, p. 1028-1043 16 p.

Research output: Contribution to journalArticle

Energy use
141 Citations (Scopus)

Optimal Fiscal and Monetary Policy

Kehoe, P. J. & Chari, V. V., 1999, Handbook of Macroeconomics. Taylor, J. B., Woodford, M. & Science, E. (eds.). North-Holland, Netherlands

Research output: Chapter in Book/Report/Conference proceedingChapter

Sustainable Plans

Chari, V. V. & Kehoe, P., 1999, Monetary and Fiscal Policy. Persson, T. & Tabellini, G. (eds.). Massachusetts: MIT Press Cambridge

Research output: Chapter in Book/Report/Conference proceedingChapter

Sustainable Plans

Chari, V. V. & Kehoe, P., 1999, In : Journal of Political Economy. 98, p. 783-802

Research output: Contribution to journalArticle

Taxing Capital Income: A Bad Idea

Atkeson, A., Chari, V. V. & Kehoe, P., 1999, In : Federal Reserve Bank of Minneapolis Quarterly Review. 23, 3, p. 3-17

Research output: Contribution to journalArticle

1998

Asking the Right Questions About the IMF

Kehoe, P. J. & Chari, V. V., 1998, In : Federal Reserve Bank of Minneapolis Annual Report.

Research output: Contribution to journalArticle

65 Citations (Scopus)

Models of sovereign debt: Partial versus general reputations

Cole, H. L. & Kehoe, P. J., Jan 1 1998, In : International Economic Review. 39, 1, p. 55-70 16 p.

Research output: Contribution to journalArticle

Sovereign debt
Government
Debt
Rate of return
Economists
1997

Reviving Reputation Models of International Debt

Kehoe, P. J. & Cole, H. L., 1997, In : Federal Reserve Bank of Minneapolis Quarterly Review.

Research output: Contribution to journalArticle

1996
74 Citations (Scopus)

Optimality of the Friedman rule in economies with distorting taxes

Chari, V. V., Christiano, L. J. & Kehoe, P. J., Apr 1996, In : Journal of Monetary Economics. 37, 2, p. 203-223 21 p.

Research output: Contribution to journalArticle

Tax
Optimality
Friedman rule
Intermediate goods
Money demand
24 Citations (Scopus)

Social insurance and transition

Atkeson, A. & Kehoe, P. J., May 1996, In : International Economic Review. 37, 2, p. 377-401 25 p.

Research output: Contribution to journalArticle

Social insurance
General equilibrium
Intuition
Interest rates
Workers
1995

A Primer on Static Applied General Equilibrium Models

Kehoe, P. J., 1995, Modeling North American Economic Integration. Kehoe, P. J. & Kehoe, T. J. (eds.). Kluwer Academic Publishers

Research output: Chapter in Book/Report/Conference proceedingChapter