Patrick J Kehoe

1987 …2019
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Research Output 1987 2019

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
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
94 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

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

93 Citations (Scopus)
Fluctuations
Long-run restrictions
Business cycle theory
Technology shocks
Structural VAR

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

12 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
314 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
393 Citations (Scopus)

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

Chari, V. V., Kehoe, P. J. & McGrattan, E. R., Jul 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

Capturing NAFTA’s Impact with 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

145 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
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

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
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
46 Citations (Scopus)

Coordination of fiscal policies in a world economy

Kehoe, P. J., May 1987, In : Journal of Monetary Economics. 19, 3, p. 349-376 28 p.

Research output: Contribution to journalArticle

World economy
Fiscal policy
Country effects
Tariffs
Government policy
2 Citations (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

38 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
415 Citations (Scopus)

Dynamics of the trade balance and the terms of trade: the J-curve?

Backus, D. K., Kehoe, P. J. & Kydland, F. E., Jan 1 1994, In : American Economic Review. 84, 1, p. 84-103 20 p.

Research output: Contribution to journalArticle

Terms of trade
Trade balance
J-curve
Fluctuations
Capital formation
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

Fiscal Policies and International Financial Markets: Comment

Kehoe, P. J., 1988, International Aspects of Fiscal Policy. Frenkel, J. (ed.). University of Chicago Press

Research output: Chapter in Book/Report/Conference proceedingChapter

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
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
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
130 Citations (Scopus)

In search of scale effects in trade and growth

Backus, D. K., Kehoe, P. J. & Kehoe, T. J., Dec 1992, In : Journal of Economic Theory. 58, 2, p. 377-409 33 p.

Research output: Contribution to journalArticle

Trade and growth
Scale effect
Learning-by-doing
Empirical evidence
Manufacturing sector

International Business Cycles: Theory vs. Evidence

Kehoe, P. J., Backus, D. K. & Kydland, F. E., 1993, In : Federal Reserve Bank of Minneapolis Quarterly Review.

Research output: Contribution to journalArticle

International Business Cycles: Theory vs. Evidence

Kehoe, P. J., Backus, D. K. & Kydland, F. E., 1995, Frontiers of Business Cycle Research. Cooley, T. F. (ed.). Princeton University Press

Research output: Chapter in Book/Report/Conference proceedingChapter

164 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

International Coordination of Fiscal Policy in Limiting Public Good Economies

Chari, V. V. & Kehoe, P., Jun 1990, In : Journal of Political Economy. 98, p. 617-636

Research output: Contribution to journalArticle

International Evidence on the Historical Properties of Business Cycles

Kehoe, P. J. & Backus, D. K., Sep 1992, In : American Economic Review.

Research output: Contribution to journalArticle

International Real Business Cycles

Kehoe, P. J., Kydland, F. E. & Backus, D. K., Aug 1992, In : Journal of Political Economy.

Research output: Contribution to journalArticle

126 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
54 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
111 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
66 Citations (Scopus)

Models of sovereign debt: Partial versus general reputations

Cole, H. L. & Kehoe, P. J., Feb 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
60 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
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
133 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

27 Citations (Scopus)

On the denomination of government debt. A critique of the portfolio balance approach

Backus, D. K. & Kehoe, P. J., May 1989, In : Journal of Monetary Economics. 23, 3, p. 359-376 18 p.

Research output: Contribution to journalArticle

Denomination
Government debt
Sterilized intervention
Complete markets
Policy instruments
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
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
145 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

Optimal Fiscal and Monetary Policy: Some Recent Results

Kehoe, P. J., 1992, Political Economy, Growth, and Business Cycles. Cukierman, A., Hercowitz, Z. & Leiderman, L. (eds.). Cambridge, Mass: MIT Press

Research output: Chapter in Book/Report/Conference proceedingChapter

Optimal Fiscal and Monetary Policy: Some Recent Results

Chari, V. V., Christiano, L. & Kehoe, P., Aug 1991, In : Journal of Money, Credit, and Banking. 23, p. 519-539

Research output: Contribution to journalArticle

Optimal Fiscal Policy in a Business Cycle Model

Chari, V. V., Christiano, L. & Kehoe, P., Aug 1994, In : Journal of Political Economy. 102, p. 617-652

Research output: Contribution to journalArticle

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