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Details about Patrick J. Kehoe

E-mail:
Homepage:http://www.econ.umn.edu/~kehoe/
Workplace:Federal Reserve Bank of Minneapolis, (more information at EDIRC)
Department of Economics, University of Minnesota, (more information at EDIRC)

Access statistics for papers by Patrick J. Kehoe.

Last updated 2012-10-27. Update your information in the RePEc Author Service.

Short-id: pke4


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Working Papers

2013

  1. Bailouts, Time Inconsistency, and Optimal Regulation
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    Also in 2010 Meeting Papers, Society for Economic Dynamics (2010) Downloads View citations (2)

2012

  1. Financial frictions and fluctuations in volatility
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (5)

2011

  1. Financial Markets and Fluctuations in Uncertainty
    2011 Meeting Papers, Society for Economic Dynamics Downloads View citations (2)

2010

  1. Financial Crises and Fluctuations in Uncertainty
    2010 Meeting Papers, Society for Economic Dynamics
  2. Prices are Sticky After All
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (20)
  3. Time Inconsistency and Free-Riding in a Monetary Union
    Levine's Working Paper Archive, David K. Levine Downloads View citations (2)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (7)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (17)

    See also Journal Article in Journal of Money, Credit and Banking (2008)

2009

  1. Confronting Models of Financial Frictions with the Data
    2009 Meeting Papers, Society for Economic Dynamics
  2. Sophisticated Monetary Policies
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2009) Downloads View citations (5)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads

    See also Journal Article in The Quarterly Journal of Economics (2010)
  3. The Puzzling Behavior of Sectoral Real Exchange Rates
    2009 Meeting Papers, Society for Economic Dynamics

2008

  1. Are Structural VARs with Long-Run Restrictions Useful in Developing Business Cycle Theory?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (55)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (21)

    See also Journal Article in Journal of Monetary Economics (2008)
  2. Facts and myths about the financial crisis of 2008
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (25)
  3. New Keynesian Models: Not Yet Useful for Policy Analysis
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (18)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (14)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (13)

    See also Journal Article in American Economic Journal: Macroeconomics (2009)
  4. On the Need for a New Approach to Analyzing Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (23)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (18)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (18)

    See also Chapter (2009)
  5. Temporary Price Changes and the Real Effects of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (15)
    Working Papers, Federal Reserve Bank of Minneapolis (2008) Downloads View citations (15)
  6. Time-varying risk, interest rates, and exchange rates in general equilibrium
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (15)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2005) Downloads View citations (4)
    Working Papers, Laboratory for Macroeconomic Analysis (2007) Downloads

2007

  1. Comparing alternative representations and alternative methodologies in business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (20)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2006) Downloads
  2. If exchange rates are random walks then almost everything we say about monetary policy is wrong
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (4)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (3)

    See also Journal Article in Quarterly Review (2008)
  3. On the Optimal Choice of a Monetary Policy Instrument
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (4)
  4. Reply to Solow
    Working Papers, Federal Reserve Bank of Minneapolis Downloads
  5. Sales and the real effects of monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (21)
  6. Sticky prices and sectoral real exchange rates
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (12)
  7. The Heterogeneous State of Modern Macroeconomics: A Reply to Solow
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2007) Downloads View citations (1)
  8. The Optimal Choice of a Monetary Policy Instrument
    Working Papers, Laboratory for Macroeconomic Analysis Downloads

2006

  1. Appendices: Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (4)
  2. Business cycle accounting
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (18)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) Downloads View citations (35)
    Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads View citations (39)
    Levine's Bibliography, UCLA Department of Economics (2003) Downloads View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) Downloads View citations (78)

    See also Journal Article in Econometrica (2007)
  3. How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (7)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) Downloads View citations (3)
  4. Modeling the transition to a new economy: lessons from two technological revolutions
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)
    See also Journal Article in American Economic Review (2007)
  5. Modern Macroeconomics in Practice: How Theory is Shaping Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (21)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2006) Downloads View citations (24)

    See also Journal Article in Journal of Economic Perspectives (2006)
  6. The advantage of transparency in monetary policy instruments
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)

2005

  1. A critique of structural VARs using real business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (61)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) Downloads View citations (29)
  2. Are Structural VARs Useful Guides for Developing Business Cycle Theories?
    2005 Meeting Papers, Society for Economic Dynamics Downloads View citations (23)
  3. Modeling and measuring organization capital
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (69)
    See also Journal Article in Journal of Political Economy (2005)
  4. Sudden Stops and Output Drops
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (47)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2005) Downloads View citations (49)
    Staff Report, Federal Reserve Bank of Minneapolis (2005) Downloads View citations (52)

    See also Journal Article in American Economic Review (2005)

2004

  1. Deflation and Depression: Is There and Empirical Link?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) Downloads View citations (10)

    See also Journal Article in American Economic Review (2004)
  2. On the Desirability of Fiscal Constraints in a Monetary Union
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (15)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (5)
  3. Patrick Kehoe's comment on "Determinants of business cycle comovement: a robust analysis" by Marianne Baxter and Michael Kouparitsas
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  4. The optimal degree of discretion in monetary policy
    Working Paper Series, European Central Bank Downloads View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads
    Staff Report, Federal Reserve Bank of Minneapolis (2004) Downloads View citations (1)
    International Finance Discussion Papers, Board of Governors of the Federal Reserve System (U.S.) (2004) Downloads View citations (2)
    NBER Working Papers, National Bureau of Economic Research, Inc (2003) Downloads View citations (2)

    See also Journal Article in Econometrica (2005)

2003

  1. Competitive equilibria with limited enforcement
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (8)
    Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads View citations (6)

    See also Journal Article in Journal of Economic Theory (2004)
  2. Financial Crises as Herds: Overturning the Critiques
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (7)

    See also Journal Article in Journal of Economic Theory (2004)
  3. Hot Money
    Levine's Bibliography, UCLA Department of Economics Downloads View citations (21)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) Downloads View citations (21)
    NBER Working Papers, National Bureau of Economic Research, Inc (1997) Downloads View citations (7)

    See also Journal Article in Journal of Political Economy (2003)
  4. The Time Consistency of Optimal Monetary and Fiscal Policies
    Department of Economics Working Papers, Universidad Torcuato Di Tella Downloads View citations (1)
    See also Journal Article in Econometrica (2004)
  5. The time consistency of monetary and fiscal policies
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (2)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2002) Downloads View citations (1)

2002

  1. Accounting for the Great Depression (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (39)
  2. Can sticky price models generate volatile and persistent real exchange rates?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (398)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2000) Downloads View citations (58)
    Staff Report, Federal Reserve Bank of Minneapolis (1998) Downloads View citations (98)

    See also Journal Article in Review of Economic Studies (2002)
  3. Data Appendix to A Decade Lost and Found: Mexico and Chile in the 1980s
    Technical Appendices, Review of Economic Dynamics Downloads View citations (7)
    See also Journal Article in Review of Economic Dynamics (2002)
  4. Measuring Organization Capital
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
  5. On the robustness of herds
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (3)
  6. Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile Downloads View citations (3)
    Also in Documentos de Trabajo, Instituto de Economia. Pontificia Universidad Católica de Chile. (2002) Downloads View citations (5)
    NBER Working Papers, National Bureau of Economic Research, Inc (2002) Downloads View citations (5)

    See also Journal Article in American Economic Review (2002)

2001

  1. A Decade Lost and Found: Mexico and Chile in the 1980s
    Documentos de Trabajo, Centro de Economía Aplicada, Universidad de Chile Downloads View citations (40)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2001) Downloads View citations (29)
    Working Papers Central Bank of Chile, Central Bank of Chile (2001) Downloads View citations (21)
    Staff Report, Federal Reserve Bank of Minneapolis (2001) Downloads View citations (1)

    See also Journal Article in Review of Economic Dynamics (2002)
  2. On the optimality of transparent monetary policy
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  3. The Advantage of Transparent Instruments of Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (11)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) Downloads View citations (11)
  4. The Transition to a New Economy After the Second Industrial Revolution
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (19)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) Downloads View citations (23)

    See also Journal Article in Proceedings (2002)

2000

  1. Financial crises as herds
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (17)
  2. International Business Cycles with Endogenous Incomplete Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (35)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2000) Downloads View citations (24)

    See also Journal Article in Econometrica (2002)
  3. Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2000) Downloads View citations (6)
  4. Money, interest rates, and exchange rates with endogenously segmented markets
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (12)
    See also Journal Article in Journal of Political Economy (2002)
  5. Paths of development for early- and late-bloomers in a dynamic Heckscher-Ohlin model
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (28)

1999

  1. Money and Interest Rates with Endogeneously Segmented Markets
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1999) Downloads View citations (2)
  2. Optimal Fiscal and Monetary Policy
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (203)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1998) Downloads View citations (14)

    See also Chapter (1999)

1998

  1. On the need for fiscal constraints in a monetary union
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (26)
    See also Journal Article in Journal of Monetary Economics (2007)
  2. Sticky price models of the business cycle: can the contract multiplier solve the persistence problem?
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (51)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (28)

    See also Journal Article in Econometrica (2000)
  3. Sustainable Plans
    Levine's Working Paper Archive, David K. Levine Downloads View citations (35)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) Downloads View citations (3)

    See also Journal Article in Journal of Political Economy (1990)

1997

  1. Industry Evolution and Transition: A Neoclassical Benchmark
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (13)
  2. Models of energy use: putty-putty vs. putty-clay
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (5)
  3. Models of sovereign debt: partial vs. general reputations
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (3)
  4. Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (60)
  5. The poverty of nations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (46)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1996) Downloads View citations (70)

1996

  1. Optimal fiscal policy in a business cycle model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  2. Reputation Spillover Across Relationships with Enduring and Transient Beliefs: Reviving reputation Models of Debt
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
  3. Reputation spillover across relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (14)

1995

  1. Industry evolution and transition: measuring investment in organization
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (10)
  2. Optimal social insurance, incentives, and transition
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
  3. Putty-clay capital and energy
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (7)
  4. Social insurance and transition
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (1)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1995) Downloads
    NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (3)

    See also Journal Article in International Economic Review (1996)

1994

  1. Models of Energy Use: Putty-Putty versus Putty-Clay
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    See also Journal Article in American Economic Review (1999)
  2. The role of institutions in reputation models of sovereign debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    See also Journal Article in Journal of Monetary Economics (1995)

1993

  1. Industry evolution and transition: the role of information capital
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (17)
  2. International Business Cycles: Theory and Evidence
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (7)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1993) Downloads View citations (120)
  3. Optimal Fiscal Policy in a Business Cycle Model
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (10)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) Downloads View citations (8)

    See also Journal Article in Journal of Political Economy (1994)
  4. Optimality of the Friedman Rule in Economies with Distorting Taxes
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (49)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1993) Downloads View citations (11)

    See also Journal Article in Journal of Monetary Economics (1996)

1992

  1. Dynamics of the Trade Balance and the Terms of Trade: The J-Curve Revisited
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (2)
    Also in Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis (1992) Downloads View citations (3)
  2. Dynamics of the Trade Balance and the Terms of Trade: The S-Curve
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (4)
    Also in Working Paper, Federal Reserve Bank of Cleveland (1992) Downloads View citations (5)

    See also Journal Article in American Economic Review (1994)
    Software Item (1992)
    Software Item (1992)
  3. In search of scale effects in trade and growth
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (106)
    See also Journal Article in Journal of Economic Theory (1992)
  4. International Evidence on the Historical Properties of Business Cycles
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (81)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) Downloads View citations (4)

    See also Journal Article in American Economic Review (1992)
  5. Relative Price Movements in Dynamic General Equilibrium Models of International Trade
    Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics View citations (3)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1992) Downloads View citations (10)
    Working Paper, Federal Reserve Bank of Cleveland (1992) Downloads View citations (7)

1991

  1. International real business cycles
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (47)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (1987) Downloads

    See also Journal Article in Journal of Political Economy (1992)
  2. Optimal fiscal and monetary policy: some recent results
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (136)
    See also Journal Article in Journal of Money, Credit and Banking (1991)
  3. Optimal fiscal policy in a stochastic growth model (technical appendix)
    Working Papers, Federal Reserve Bank of Minneapolis Downloads View citations (2)
  4. Reputation with multiple relationships: reviving reputation models of debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (3)

1990

  1. Sustainable Plans and Mutual Default
    IMF Working Papers, International Monetary Fund Downloads View citations (85)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1989) Downloads View citations (1)

    See also Journal Article in Review of Economic Studies (1993)

1989

  1. International coordination of fiscal policy in limiting economies
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (6)
    See also Journal Article in Journal of Political Economy (1990)
  2. Sustainable plans and debt
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (6)
    See also Journal Article in Journal of Economic Theory (1993)

1988

  1. On the denomination of government debt: a critique of the portfolio balance approach
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (3)
    See also Journal Article in Journal of Monetary Economics (1989)
  2. Time consistency and policy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (31)

1987

  1. Trade and Exchange-Rate Dynamics in a Dynamic Competitive Economy
    Working Papers, Queen's University, Department of Economics View citations (1)

1986

  1. Coordination of fiscal policies in a world economy
    Staff Report, Federal Reserve Bank of Minneapolis Downloads
    See also Journal Article in Journal of Monetary Economics (1987)
  2. International policy cooperation may be undesirable
    Staff Report, Federal Reserve Bank of Minneapolis Downloads View citations (3)

Undated

  1. Backus_Kehoe_Kydland
    Instructional Stata datasets for econometrics, Boston College Department of Economics Downloads
    See also Software Item (1992)
    Software Item (1992)

Journal Articles

2010

  1. Sophisticated Monetary Policies
    The Quarterly Journal of Economics, 2010, 125, (1), 47-89 Downloads
    See also Working Paper (2009)

2009

  1. New Keynesian Models: Not Yet Useful for Policy Analysis
    American Economic Journal: Macroeconomics, 2009, 1, (1), 242-66 Downloads View citations (95)
    See also Working Paper (2008)

2008

  1. Are structural VARs with long-run restrictions useful in developing business cycle theory?
    Journal of Monetary Economics, 2008, 55, (8), 1337-1352 Downloads View citations (56)
    See also Working Paper (2008)
  2. If exchange rates are random walks, then almost everything we say about monetary policy is wrong
    Quarterly Review, 2008, (Jul), 2-9 Downloads
    Also in American Economic Review, 2007, 97, (2), 339-345 (2007) Downloads View citations (6)

    See also Working Paper (2007)
  3. Time Inconsistency and Free-Riding in a Monetary Union
    Journal of Money, Credit and Banking, 2008, 40, (7), 1329-1356 Downloads View citations (17)
    See also Working Paper (2010)

2007

  1. Business Cycle Accounting
    Econometrica, 2007, 75, (3), 781-836 Downloads View citations (155)
    See also Working Paper (2006)
  2. Modeling the Transition to a New Economy: Lessons from Two Technological Revolutions
    American Economic Review, 2007, 97, (1), 64-88 Downloads View citations (15)
    See also Working Paper (2006)
  3. Modern macroeconomics in practice: how theory is shaping monetary policy
    Annual Report, 2007, (May), 6-28 Downloads
  4. On the need for fiscal constraints in a monetary union
    Journal of Monetary Economics, 2007, 54, (8), 2399-2408 Downloads View citations (25)
    See also Working Paper (1998)

2006

  1. Modern Macroeconomics in Practice: How Theory Is Shaping Policy
    Journal of Economic Perspectives, 2006, 20, (4), 3-28 Downloads View citations (29)
    See also Working Paper (2006)

2005

  1. Comment on: "Determinants of business cycle comovement: a robust analysis"
    Journal of Monetary Economics, 2005, 52, (1), 159-162 Downloads View citations (15)
  2. Modeling and Measuring Organization Capital
    Journal of Political Economy, 2005, 113, (5), 1026-1053 Downloads View citations (68)
    See also Working Paper (2005)
  3. Sudden Stops and Output Drops
    American Economic Review, 2005, 95, (2), 381-387 Downloads View citations (48)
    See also Working Paper (2005)
  4. The Optimal Degree of Discretion in Monetary Policy
    Econometrica, 2005, 73, (5), 1431-1475 Downloads View citations (20)
    See also Working Paper (2004)

2004

  1. Competitive equilibria with limited enforcement
    Journal of Economic Theory, 2004, 119, (1), 184-206 Downloads View citations (33)
    See also Working Paper (2003)
  2. Deflation and Depression: Is There an Empirical Link?
    American Economic Review, 2004, 94, (2), 99-103 Downloads View citations (9)
    See also Working Paper (2004)
  3. EconomicDynamics Forum: Patrick Kehoe on Whether Price Rigidities Matter for Business Cycle Analysis
    EconomicDynamics Newsletter, 2004, 5, (2) Downloads
  4. Financial crises as herds: overturning the critiques
    Journal of Economic Theory, 2004, 119, (1), 128-150 Downloads View citations (35)
    See also Working Paper (2003)
  5. The Time Consistency of Optimal Monetary and Fiscal Policies
    Econometrica, 2004, 72, (2), 541-567 Downloads View citations (25)
    See also Working Paper (2003)

2003

  1. Accounting for the Great Depression
    Quarterly Review, 2003, (Spr), 2-8 Downloads View citations (7)
    Also in American Economic Review, 2002, 92, (2), 22-27 (2002) Downloads View citations (44)
  2. Hot Money
    Journal of Political Economy, 2003, 111, (6), 1262-1292 Downloads View citations (23)
    See also Working Paper (2003)

2002

  1. A Decade Lost and Found: Mexico and Chile in the 1980s
    Review of Economic Dynamics, 2002, 5, (1), 166-205 Downloads View citations (25)
    See also Working Paper (2001)
    Working Paper (2002)
  2. Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
    Review of Economic Studies, 2002, 69, (3), 533-63 View citations (404)
    See also Working Paper (2002)
  3. Decades lost and found: Mexico and Chile since 1980
    Quarterly Review, 2002, (Win), 3-30 Downloads View citations (19)
  4. International Business Cycles with Endogenous Incomplete Markets
    Econometrica, 2002, 70, (3), 907-928 Downloads View citations (182)
    See also Working Paper (2000)
  5. Money, Interest Rates, and Exchange Rates with Endogenously Segmented Markets
    Journal of Political Economy, 2002, 110, (1), 73-112 Downloads View citations (72)
    See also Working Paper (2000)
  6. Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's
    American Economic Review, 2002, 92, (2), 16-21 Downloads View citations (3)
    See also Working Paper (2002)
  7. The transition to a new economy after the Second Industrial Revolution
    Proceedings, 2002, (Nov) Downloads
    See also Working Paper (2001)

2000

  1. Sticky Price Models of the Business Cycle: Can the Contract Multiplier Solve the Persistence Problem?
    Econometrica, 2000, 68, (5), 1151-1180 View citations (396)
    See also Working Paper (1998)

1999

  1. Asking the right questions about the IMF
    Annual Report, 1999, 3-26 Downloads View citations (9)
  2. Models of Energy Use: Putty-Putty versus Putty-Clay
    American Economic Review, 1999, 89, (4), 1028-1043 Downloads View citations (70)
    See also Working Paper (1994)
  3. Taxing capital income: a bad idea
    Quarterly Review, 1999, (Sum), 3-17 Downloads View citations (54)

1998

  1. Comment on M. Obstfeld, "Open-Economy Macroeconomics: Developments in Theory and Policy."
    Scandinavian Journal of Economics, 1998, 100, (1), 277-83 Downloads
  2. Models of Sovereign Debt: Partial versus General Reputations
    International Economic Review, 1998, 39, (1), 55-70 View citations (49)

1997

  1. Reviving reputation models of international debt
    Quarterly Review, 1997, (Win), 21-30 Downloads View citations (23)

1996

  1. Optimality of the Friedman rule in economies with distorting taxes
    Journal of Monetary Economics, 1996, 37, (2-3), 203-223 Downloads View citations (104)
    See also Working Paper (1993)
  2. Social Insurance and Transition
    International Economic Review, 1996, 37, (2), 377-401 View citations (22)
    See also Working Paper (1995)

1995

  1. The role of institutions in reputation models of sovereign debt
    Journal of Monetary Economics, 1995, 35, (1), 45-64 Downloads View citations (30)
    See also Working Paper (1994)

1994

  1. A primer on static applied general equilibrium models
    Quarterly Review, 1994, (Spr), 2-16 Downloads View citations (37)
  2. Capturing NAFTA's impact with applied general equilibrium models
    Quarterly Review, 1994, (Spr), 17-34 Downloads View citations (29)
  3. Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?
    American Economic Review, 1994, 84, (1), 84-103 Downloads View citations (354)
    See also Working Paper (1992)
    Software Item (1992)
    Software Item (1992)
  4. Optimal Fiscal Policy in a Business Cycle Model
    Journal of Political Economy, 1994, 102, (4), 617-52 Downloads View citations (231)
    See also Working Paper (1993)

1993

  1. International business cycles: theory vs. evidence
    Quarterly Review, 1993, (Fall), 14-29 Downloads View citations (22)
  2. Sustainable Plans and Debt
    Journal of Economic Theory, 1993, 61, (2), 230-261 Downloads View citations (27)
    See also Working Paper (1989)
  3. Sustainable Plans and Mutual Default
    Review of Economic Studies, 1993, 60, (1), 175-95 Downloads View citations (41)
    See also Working Paper (1990)

1992

  1. In search of scale effects in trade and growth
    Journal of Economic Theory, 1992, 58, (2), 377-409 Downloads View citations (73)
    See also Working Paper (1992)
  2. International Evidence of the Historical Properties of Business Cycles
    American Economic Review, 1992, 82, (4), 864-88 Downloads View citations (195)
    See also Working Paper (1992)
  3. International Real Business Cycles
    Journal of Political Economy, 1992, 100, (4), 745-75 Downloads View citations (712)
    See also Working Paper (1991)

1991

  1. Optimal Fiscal and Monetary Policy: Some Recent Results
    Journal of Money, Credit and Banking, 1991, 23, (3), 519-39 Downloads View citations (147)
    Also in Proceedings, 1991, 519-546 (1991) View citations (151)

    See also Working Paper (1991)

1990

  1. International Coordination of Fiscal Policy in Limiting Economies
    Journal of Political Economy, 1990, 98, (3), 617-36 Downloads View citations (36)
    See also Working Paper (1989)
  2. Sustainable Plans
    Journal of Political Economy, 1990, 98, (4), 783-802 Downloads View citations (201)
    See also Working Paper (1998)

1989

  1. On the denomination of government debt: A critique of the portfolio balance approach
    Journal of Monetary Economics, 1989, 23, (3), 359-376 Downloads View citations (9)
    See also Working Paper (1988)
  2. Policy Cooperation among Benevolent Governments May Be Undesirable
    Review of Economic Studies, 1989, 56, (2), 289-96 Downloads View citations (109)

1988

  1. On the Roles of International Financial Markets and Their Relevance for Economic Policy: Comment
    Journal of Money, Credit and Banking, 1988, 20, (3), 550-54 Downloads View citations (1)

1987

  1. Coordination of fiscal policies in a world economy
    Journal of Monetary Economics, 1987, 19, (3), 349-376 Downloads View citations (40)
    See also Working Paper (1986)

Chapters

2009

  1. On the Need for a New Approach to Analyzing Monetary Policy
    A chapter in NBER Macroeconomics Annual 2008, Volume 23, 2009, pp 389-425 Downloads View citations (11)
    See also Working Paper (2008)

1999

  1. Optimal fiscal and monetary policy
    Chapter 26 in Handbook of Macroeconomics, 1999, vol. 1, Part C, pp 1671-1745 Downloads View citations (195)
    See also Working Paper (1999)

Software Items

1992

  1. DOS executable for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?"
    QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles Downloads
    See also Working Paper
    Working Paper (1992)
    Journal Article in American Economic Review (1994)
  2. Web interface for "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve?"
    QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles Downloads
    See also Working Paper
    Working Paper (1992)
    Journal Article in American Economic Review (1994)
 
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