Timothy J Kehoe

Photo of Timothy J Kehoe

Contact Me

tkehoe@umn.edu
612-625-1589

Economics
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

Educational Background

  • Ph.D.: Economics, Yale University, 1979.
  • M.A.: Economics, Yale University, 1977.
  • B.A.: Mathematics/Economics, Providence College, 1975.

Specialties

  • applied general equilibrium modeling
  • intertemporal general equilibrium theory
  • trade theory
Courses Taught
  • 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

  • President, Society for the Advancement of Economic Theory: 2019
  • Member, Scientific Advisory Board, MOVE (Markets, Organizations, and Votes in Economics), Universitat Autònoma de Barcelona: 2010 - present
  • Research Associate, Center for the Advanced Study in Economic Efficiency (CASEE), Arizona State University: 2010 - present
  • Member, Advisory Board, Society for the Advancement of Economic Theory: 2010 - present
  • Co-Editor, Economic Theory: 2007 - present, Journal of International Economics: 2008 - present
  • Member, Scientific Council, Barcelona Graduate School of Economics: 2007 - present
  • Research Associate, National Bureau of Economic Research, Economic Fluctuations and Growth Program: 2006 - present
  • Adviser, Federal Reserve Bank of Minneapolis: 1987 - present
  • First Vice President, Society for the Advancement of Economic Theory: 2018
  • Associate Researcher, ADEMU (A Dynamic Economic and Monetary Union) Project: 2015 - 2018
  • President, Society for Economic Dynamics: 2015 - 2018
  • Nonresident Fellow, Mexico Center, Baker Institute for Public Policy, Rice University: 2014 - 2016
  • Member, Patronato (Governing Board), Instituto Madrileño de Estudios Avanzados (IMDEA) en Ciencias Sociales: 2006 - 2012
  • Member, Steering Committee, Institute for the Study of Financial Intermediation and Growth, Federal Reserve Bank of Dallas/University of Texas-Austin: 2003 - 2004
  • Member, Advisory Committee, Center for German and European Studies, University of Minnesota: 2002 - 2014
  • Consultant, Government of Panama: 1997
  • Special Economic Adviser to the Secretary, Secretaría de Comercio y Fomento Industrial, Mexico: 1990 - 1994
  • Co-director, MEGA (Model d’Equilibri General Aplicat) Project, Universitat Autònoma de Barcelona: 1985 - 1992
  • Consultant to the World Bank: 1982 - 1983
  • Consultant to the Banco de México: 1980 - 1982
Publications
  • An Introduction to the Macroeconomics of Aging: Kehoe, Timothy, Juan Carlos Conesa, Journal of the Economics of Ageing, 11 1-5, 2018.
  • Global Imbalances and Structural Change in the United States: Kehoe, Timothy, Kim J. Ruhl and Joseph B. Steinberg, Journal of Political Economy, 126 761-796, 2018.
  • The Macroeconomics of Aging: Kehoe, Timothy, Juan Carlos Conesa, Journal of the Economics of Ageing, 11 , 2018.
  • Gambling for Redemption and Self-Fulfilling Debt Crises: Kehoe, Timothy, Juan Carlos Conesa, Economic Theory, 64 707-740, 2017.
  • Quantitative Trade Models: Developments and Challenges: Kehoe, Timothy, Pau S. Pujolàs and Jack Rossbach, Annual Review of Economics, 9 295-325, 2017.
Awards
  • McKnight Distinguished University Professorship
  • National Institute on Aging Grant, 2014 - 2019
  • Doctor Honoris Causa, Universitat Autònoma de Barcelona, 2016
  • John Simon Guggenheim Memorial Foundation, 2015 - 2016
  • Fellow, Society for Economics Measuremen, 2014
  • Dean’s Medal, College of Liberal Arts, University of Minnesota, 2013
  • Economic Theory Fellow, Society for Advancement of Economic Theory, 2011 - present
  • Miembro de Honor, Asociación Española de Economía, 2010 - present
  • Doctor Honoris Causa, Universidade de Vigo, 2008
  • Scholar of the College, College of Liberal Arts, University of Minnesota, 2005 - 2008
  • National Science Foundation Grant
  • Research Collaborative Grant, Center for German and European Studies, University of Minnesota, 2004 - 2005
  • Sabbatical Supplement Grant, Bush Foundation, 2003 - 2004
  • U.S. Air Force Office of Scientific Research Grant, 1995 - 1997
  • Faculty Interactive Research Program Grant from the Center for Urban and Regional Affairs, University of Minnesota, 1992 - 1993
  • Fellow, Econometric Society, 1991
  • Fellow, Mathematical Sciences Research Institute, 1985