NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Patrick Kehoe

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Working Papers and Chapters

June 2013Bailouts, Time Inconsistency, and Optimal Regulation
with V.V. Chari: w19192
September 2010Prices are Sticky After All
with Virgiliu Midrigan: w16364
April 2009Sophisticated Monetary Policies
with Andrew Atkeson, V. V. Chari: w14883

Published: Andrew Atkeson & Varadarajan V. Chari & Patrick J. Kehoe, 2010. "Sophisticated Monetary Policies," The Quarterly Journal of Economics, MIT Press, vol. 125(1), pages 47-89, February. citation courtesy of

On the Need for a New Approach to Analyzing Monetary Policy
with Andrew Atkeson
in NBER Macroeconomics Annual 2008, Volume 23, Daron Acemoglu, Kenneth Rogoff and Michael Woodford, editors
October 2008Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
with V. V. Chari, Ellen R. McGrattan: w14430

Published: Chari, V.V. & Kehoe, Patrick J. & McGrattan, Ellen R., 2008. "Are structural VARs with long-run restrictions useful in developing business cycle theory?," Journal of Monetary Economics, Elsevier, vol. 55(8), pages 1337-1352, November. citation courtesy of

Temporary Price Changes and the Real Effects of Monetary Policy
with Virgiliu Midrigan: w14392
September 2008New Keynesian Models: Not Yet Useful for Policy Analysis
with V.V. Chari, Ellen R. McGrattan: w14313

Published: V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2009. "New Keynesian Models: Not Yet Useful for Policy Analysis," American Economic Journal: Macroeconomics, American Economic Association, vol. 1(1), pages 242-66, January. citation courtesy of

August 2008On the Need for a New Approach to Analyzing Monetary Policy
with Andrew Atkeson: w14260

Published: On the Need for a New Approach to Analyzing Monetary Policy, Andrew Atkeson, Patrick J. Kehoe. in NBER Macroeconomics Annual 2008, Volume 23, Acemoglu, Rogoff, and Woodford. 2009

November 2007The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
with V. V. Chari: w13655

Published: 2008. "Comments: Robert Solow, Murray Wiedenbaum, V. V. Chari, and Patrick J. Kehoe." Journal of Economic Perspectives, 22(1): 243-250. DOI: 10.1257/jep.22.1.243

September 2007On the Optimal Choice of a Monetary Policy Instrument
with Andrew Atkeson, V. V. Chari: w13398
October 2006How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach
w12575

Published: Assessing Structural VARs, Lawrence J. Christiano, Martin Eichenbaum, Robert Vigfusson. in NBER Macroeconomics Annual 2006, Volume 21, Acemoglu, Rogoff, and Woodford. 2007

August 2006Modern Macroeconomics in Practice: How Theory is Shaping Policy
with Varadarajan V. Chari: w12476

Published: V. V. Chari & Patrick J. Kehoe, 2006. "Modern Macroeconomics in Practice: How Theory Is Shaping Policy," Journal of Economic Perspectives, American Economic Association, vol. 20(4), pages 3-28, Fall. citation courtesy of

February 2005Sudden Stops and Output Drops
with V.V. Chari, Ellen R. McGrattan: w11133

Published: Chari, V. V., Patrick J. Kehoe and Ellen R. McGrattan. "Sudden Stops And Output Drops," American Economic Review, 2005, v95(2,May), 381-387. citation courtesy of

March 2004Business Cycle Accounting
with V.V. Chari, Ellen McGrattan: w10351

Published: V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan, 2007. "Business Cycle Accounting," Econometrica, Econometric Society, vol. 75(3), pages 781-836, 05. citation courtesy of

February 2004Deflation and Depression: Is There and Empirical Link?
with Andrew Atkeson: w10268

Published: Atkeson, Andrew and Patrick J. Kehoe. "Deflation And Depression: Is There An Empirical Link?," American Economic Review, 2004, v94(2,May), 99-103. citation courtesy of

January 2004On the Desirability of Fiscal Constraints in a Monetary Union
with V.V. Chari: w10232
November 2003The Optimal Degree of Discretion in Monetary Policy
with Susan Athey, Andrew Atkeson: w10109

Published: Athey, Susan, Andrew Atkeson and Patrick J. Kehoe. "The Optimal Degree Of Discretion In Monetary Policy," Econometrica, 2005, v73(5,Sep), 1431-1475. citation courtesy of

April 2003Financial Crises as Herds: Overturning the Critiques
with V. V. Chari: w9658

Published: Chari, V. V. and Patrick J. Kehoe. "Financial Crises As Herds: Overturning The Critiques," Journal of Economic Theory, 2004, v119(1,Nov), 128-150. citation courtesy of

December 2002Time Consistency and Free-Riding in a Monetary Union
with V. V. Chari: w9370

Published: Varadarajan V. Chari & Patrick J. Kehoe, 2008. "Time Inconsistency and Free-Riding in a Monetary Union," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 40(7), pages 1329-1356, October. citation courtesy of

July 2002Competitive Equilibria With Limited Enforcement
with Fabrizio Perri: w9077

Published: Kehoe, Patrick J. and Fabrizio Perri. "Competitive Equilibria With Limited Enforcement," Journal of Economic Theory, 2004, v119(1,Nov), 184-206. citation courtesy of

April 2002Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s
with Raphael Bergoeing, Timothy J. Kehoe, Raimundo Soto: w8892

Published: Bergoeing, Raphael, Patrick J. Kehoe, Timothy J. Kehoe and Raimundo Soto. "Policy-Driven Productivity In Chile And Mexico In The 1980's And 1990's," American Economic Review, 2002, v92(2,May), 16-21. citation courtesy of

January 2002Measuring Organization Capital
with Andrew Atkeson: w8722

Published: Atkeson, Andrew and Patrick J. Kehoe. “Modeling and Measuring Organization Capital." Journal of Political Economy 113, 5 (October 2005): 1026-1053.

December 2001The Transition to a New Economy After the Second Industrial Revolution
with Andrew Atkeson: w8676

Published: Andy Atkeson & Pat Kehoe, 2002. "The transition to a new economy after the Second Industrial Revolution," Proceedings, Federal Reserve Bank of San Francisco, issue Nov. citation courtesy of

The Advantage of Transparent Instruments of Monetary Policy
with Andrew Atkeson: w8681
October 2001A Decade Lost and Found: Mexico and Chile in the 1980s
with Raphael Bergoeing, Timothy J. Kehoe, Raimundo Soto: w8520

Published: Bergoeing, Raphael, Patrick J. Kehoe, Timothy J. Kehoe and Raimundo Soto. "A Decade Lost And Found: Mexico And Chile In The 1980s," Review of Economic Dynamics, 2002, v5(1,Jan), 166-205. citation courtesy of

September 2000Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
with V.V. Chari, Ellen R. McGrattan: w7869

Published: Chari, V. V., Patrick J. Kehoe and Ellen R. McGrattan. "Can Sticky Price Models Generate Volatile And Persistent Real Exchange Rates?," Review of Economic Studies, 2002, v69(3,240,Jul), 533-563. citation courtesy of

International Business Cycles with Endogenous Incomplete Markets
with Fabrizio Perri: w7870

Published: Kehoe, Patrick J. and Fabrizio Perri. "International Business Cycles With Endogenous Incomplete Markets," Econometrica, 2002, v70(3,May), 907-928. citation courtesy of

Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
with Fernando Alvarez, Andrew Atkeson: w7871

Published: Alvarez, Fernanco, Andre Atkeson and Patrick J. Kehoe. "Money, Interest Rates, And Exchange Rates With Endogenously Segmented Markets," Journal of Political Economy, 2002, v110(1,Mar), 73-112.

March 1999Money and Interest Rates with Endogeneously Segmented Markets
with Fernando Alvarez, Andrew Atkeson: w7060

Published: Alvarez, Fernanco, Andre Atkeson and Patrick J. Kehoe. "Money, Interest Rates, And Exchange Rates With Endogenously Segmented Markets," Journal of Political Economy, 2002, v110(1,Mar), 73-112.

January 1999Optimal Fiscal and Monetary Policy
with V. V. Chari: w6891

Published:

  • Published as "Optimal Fiscal and Monetary Policy: Some Recent Results", Journal of Money, Credit and Banking, Vol. 23, no. 3, part 2 (1991):
  • Chari, V.V. & Kehoe, Patrick J., 1999. "Optimal fiscal and monetary policy," Handbook of Macroeconomics, in: J. B. Taylor & M. Woodford (ed.), Handbook of Macroeconomics, edition 1, volume 1, chapter 26, pages 1671-1745 Elsevier.

April 1997Industry Evolution and Transition: A Neoclassical Benchmark
with Andrew Atkeson: w6005
Hot Money
with V. V. Chari: w6007

Published: Chari, V.V. and Patrick J. Kehoe. "Hot Money," Journal of Political Economy, 2003, v111(6,Dec), 1262-1292. citation courtesy of

January 1997Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
with V. V. Chari, Ellen R. McGrattan: w5876
October 1996Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
with V. V. Chari, Ellen R. McGrattan: w5809

Published: Chari, V. V., Patrick J. Kehoe and Ellen R. McGrattan. "Sticky Price Models With The Business Cycle: Can The Contract Multiplier Solve The Persistence Problem?," Econometrica, 2000, v68(5,Sep), 1151-1179. citation courtesy of

March 1996Reputation Spillover Across Relationships with Enduring and Transient Beliefs: Reviving reputation Models of Debt
with Harold L. Cole: w5486

Published: as "Reviving Reputation Models of International Debt" in Quarterly Review of the Federal Reserve Bank of Minneapolis, Winter 1997

January 1996The Poverty of Nations: A Quantitative Exploration
with V. V. Chari, Ellen R. McGrattan: w5414
August 1994Models of Energy Use: Putty-Putty versus Putty-Clay
with Andrew Atkeson: w4833

Published: American Economic Review, Vol. 89, no. 4 (September 1999): 1028-1043. citation courtesy of

October 1993Optimal Fiscal Policy in a Business Cycle Model
with V. V. Chari, Lawrence J. Christiano: w4490

Published: Journal of Political Economy, vol. 102, no. 3, August 1994 citation courtesy of

International Business Cycles: Theory and Evidence
with David Backus, Finn E. Kydland: w4493

Published:

  • Quarterly Review of the Federal Reserve Bank of Minneapolis, Fall 1993
  • T. Cooley, ed.: Frontiers in Business Cycle Research. Princeton University Press 1995

August 1993Optimality of the Friedman Rule in Economies with Distorting Taxes
with V. V. Chari, Lawrence J. Christiano: w4443

Published: Journal of Monetary Economics, vol. 37, no. 2 (April 1996). citation courtesy of

July 1993Social Insurance and Transition
with Andrew Atkeson: w4411

Published: International Economic Review. May 1996, vol. 37, no. 2. citation courtesy of

December 1992Dynamics of the Trade Balance and the Terms of Trade: The S-Curve
with David Backus, Finn E. Kydland: w4242

Published: "Dynamics of the Trade Balance and the Terms of Trade: the J Curve?" American Economic Review, 84 (March 1994) pp 84-103. citation courtesy of

Relative Price Movements in Dynamic General Equilibrium Models of International Trade
with David K. Backus, Finn E. Kydland: w4243

Published: R. van der Ploeg ed.: Handbook of International Macroeconomics(Blackwell 1994)

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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