Consultant Details

Photo of Patrick J. Kehoe

Patrick J. Kehoe

Stanford University, University College London, Federal Reserve Bank of Minneapolis


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Consultant Patrick Kehoe has been affiliated with the Bank since 1986 and served as a monetary advisor from 1997 to 2013. He is also 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’s work has appeared in numerous prestigious journals, including the American Economic Review, Econometrica, the Journal of Political Economy, and the Review of Economic Studies. 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 work focuses on monetary policy, time consistency, and financial crises.

Recent Minneapolis Fed Work

Appendix for Financial Frictions and Fluctuations in Volatility
November 2018 - Staff Report

Financial Frictions and Fluctuations in Volatility
November 2018 - Staff Report
Forthcoming In: Journal of Political Economy

Evolution of Modern Business Cycle Models: Accounting for the Great Recession
June 2018 - Staff Report
Published In: Journal of Economic Perspectives (Vol. 32, No. 3, Summer 2018, pp. 141-166)

On the Importance of Easing Consumer Credit Frictions
December 2017 - Economic Policy Papers

Reforming the European Monetary Union
May 2017 - Economic Policy Papers

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