Patrick J Kehoe

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4-101 Hanson Hall

1925 4th Street South


Patrick is the Frenzel Professor of International Economics at the University of Minnesota. Patrick received his B.A. in Mathematics and Russian from Providence College in 1978 and his Ph.D. in Economics from Harvard University in 1986. Patrick has published in numerous prestigious publications, including Journal of International Economics, Econometrica, International Economic Review, and Journal of Economic Theory. He currently serves on several editorial boards and is a Fellow of the Econometric Society. Throughout his career, Patrick has advised numerous Ph.D. students. He has been awarded several grants, including six from the National Science Foundation. His research focuses on monetary policy, time consistency and financial crises.

Educational Background & Specialties

Educational Background

  • Ph.D.: Economics, Harvard University, 1986.
  • Coursework for M.A.: Statistics, McGill University, 1979.
  • B.A.: Mathematics and Russian, Providence College, 1978.


  • international trade
  • international finance
  • fiscal policy
  • fiscal growth
  • macroeconomic theory
  • open-economy macroeconomics
Research & Professional Activities

Professional Activities

  • Associate Editor: Journal of Money, Credit, and Banking
  • Associate Editor: American Economic Review
  • Co-Editor: Quarterly Journal of Economics
  • Associate Editor: Macroeconomic Dynamics


  • Consultant: Federal Reserve Bank of Minneapolis
  • Research Associate: National Bureau of Economic Research
  • Sophisticated Monetary Policies: Kehoe, Patrick, Andrew Atkeson, V. V. Chari, Quarterly Journal of Economics, 125(1) 47-89, 2010.
  • Time-Varying Risk, Interest Rates, and Exchange Rates in General Equilibrium: Kehoe, Patrick, Fernando Alvarez, Andrew Atkeson, Review of Economic Studies, 76 851-878, 2009.
  • Fellow, Econometric Society