Timothy J Kehoe

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4-101 Hanson Hall

1925 4th Street South

Tim Kehoe has been a professor at the University of Minnesota since 1987, and an advisor at the Federal Reserve Bank of Minneapolis since 2000. Tim is currently the Distinguished McKnight University Professor in the Department of Economics and a research associate at the National Bureau of Economic Research. His research and teaching center on the theory and application of general equilibrium models. He has advised several foreign governments, including Spain on the impact of joining the European Community in 1986, Mexico on the impact of joining the North America Free Trade Agreement in 1994, and Panama regarding foreign trade and investment reform in 1997–98.

Tim’s distinguished career has included numerous visiting professorships at universities across the globe, authoring more than 100 books and academic articles, and supervising 50 Ph.D. theses in economics. He has received numerous research grants and awards, including nine grants from the National Science Foundation. He has been a Fellow of the Econometric Society since 1991. In 2008 he was made Doctor Honoris Causa by the Universidade de Vigo in Spain.

Educational Background & Specialties


  • applied general equilibrium modeling
  • intertemporal general equilibrium theory
  • trade theory
Courses Taught
  • Econ 4033 - Current Economic Issues: Financial Crises and Depressions
  • Econ 4421 - Economic Integration in the Americas
  • Econ 8105 - Macroeconomic Theory
  • Econ 8401-8402 - International Trade and Payments Theory
  • Econ 8491-8492 - Workshop in Trade and Development
Research & Professional Activities

Professional Activities

  • Adviser, Federal Reserve Bank of Minneapolis: 1987 - present
  • Co-Editor, Economic Theory: 2007 - present, Journal of International Economics: 2008 - present
  • Consultant, Government of Panama: 1997
  • Fellow, Econometric Society: 1991
  • Is it Too Late to Bail Out the Troubled Countries in the Eurozone?. Kehoe, Timothy, Juan Carlos Conesa, Co-Author, forthcoming.
  • How Important is the New Goods Margin in International Trade?: Kehoe, Timothy, Kim J. Ruhl, Journal of Political Economy, 121 358-392, 2013.
  • Catch-Up Growth Followed by Stagnation: Mexico, 1950-2010. Kehoe, Timothy, Felipe Meza, Co-Author, 2011.
  • Why Have Economic Reforms in Mexico Not Generated Growth?: Kehoe, Timothy, Kim J. Ruhl, Journal of Economic Literature, 48 1005-27, 2010.
  • Trade, Growth, and Convergence in a Dynamic Heckscher-Olin Model. Kehoe, Timothy, Claustre Bajona, Co-Author, 2010.
  • Frontiers in Applied General Equilibrium Modeling: Essays in Honor of Herbert Scarf. Kehoe, Timothy, T. Srinivasan, John Whalley, Cambridge University Press, Co-Editor, 2nd ed., 2010.
  • McKnight Distinguished University Professorship
  • National Science Foundation Grant