

Andrew AtkesonConsultant
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Andrew Atkeson is a professor of economics at the University of California–Los Angeles and a consultant to the Federal Reserve Bank of Minneapolis. He has been affiliated with the Bank since 1998, when he started as a research economist. Prior to joining the Bank, he taught at the University of Minnesota, the University of Pennsylvania, and the University of Chicago.
Andy received his B.A. in economics from Yale University in 1983 and his Ph.D. from Stanford University’s Graduate School of Business in 1988. His research focuses on, among other things, monetary policy, social insurance, international economics, innovation and firm dynamics, and the intersection of macroeconomics and finance.
Andy’s work has appeared in journals such as Econometrica, the American Economic Review, the Quarterly Journal of Economics, the Journal of Political Economy, and the Review of Economic Studies. He is also a research associate at the National Bureau of Economic Research and a Fellow of the Econometric Society.
Content by Andrew
- Staff Report 665 (February 2025)Andrew Atkeson, Jonathan Heathcote, and Fabrizio Perri
- Staff Report 660 (August 2024)Andrew Atkeson, Jonathan Heathcote, and Fabrizio Perri
- Staff Report 649 (August 2023)Andrew Atkeson
- Staff Report 639 (Revised July 2023)Andrew Atkeson, Jonathan Heathcote, and Fabrizio Perri
Published in: American Economic Review (Vol. 115, No. 7, July 2025, pp. 2151–2206), https://www.doi.org/10.1257/aer.20230732.
- Staff Report 619 (February 2021)Andrew Atkeson
- Staff Report 618 (February 2021)Andrew Atkeson, Karen A. Kopecky, and Tao Zha
- Staff Report 616 (November 2020)Andrew Atkeson, Michael Droste, Michael J. Mina, and James H. Stock
Published in: Review of Economic Design (Vol. 28, pp. 689-722), https://doi.org/10.1007/s10058-024-00361-1.
- Staff Report 610 (August 2020)Andrew Atkeson and Magnus Irie
- Staff Report 611 (August 2020)Andrew Atkeson, Karen A. Kopecky, and Tao Zha
Published in: International Economic Review (Vol. 65, Iss. 1, February 2024, pp. 3-42), https://doi.org/10.1111/iere.12660.
- Quarterly Review 4111 | June 2020 (Vol. 41 No. 1)Andrew Atkeson
This paper is a substantially revised version of Staff Report 595, https://doi.org/10.21034/sr.595.
- Staff Report 598 (March 2020)Andrew Atkeson
- Staff Report 595 (March 2020)Andrew Atkeson
Related MATLAB files are available for download here.
- Staff Report 577 (December 2018)Fernando Alvarez and Andrew Atkeson
- Staff Report 573 (December 2018)Andrew Atkeson, Ariel Burstein, and Manolis Chatzikonstantinou
Published in: Annual Review of Economics (Vol. 11, 2019, pp. 273-301) https://doi.org/10.1146/annurev-economics-080218-025523.
- Staff Report 567 (June 2018)Andrew Atkeson, Adrien d'Avernas, Andrea L. Eisfeldt, and Pierre-Olivier Weill
- Staff Report 459 (June 2018)Andrew Atkeson and Ariel Burstein
Published in: Journal of Political Economy (Vol. 127, No. 6, December 2019, pp. 2625-2683), https://doi.org/10.1086/701823.
- Staff Report 515 (July 2015)Cristina Arellano, Andrew Atkeson, and Mark L. J. Wright
Published in: NBER Macroeconomics Annual 2015 (Vol. 30, 2016, pp. 191-244) https://doi.org/10.1086/685957.
- Staff Report 464 (October 2014)Andrew Atkeson, Guillermo L. Ordonez, and Christian Hellwig
Published in: The Quarterly Journal of Economics (Vol. 130, Iss. 1, February 2015, pp. 415–464), https://doi.org/10.1093/qje/qju034.
- Staff Report 484 (June 2013)Andrew Atkeson, Andrea L. Eisfeldt, and Pierre-Olivier Weill
Published in: Research in Economics (Vol. 71, Iss. 3, September 2017, pp. 613-635), https://doi.org/10.1016/j.rie.2017.05.003.
- Staff Report 479 (April 2013)Andrew Atkeson, Andrea L. Eisfeldt, and Pierre-Olivier Weill
- Staff Report 444 (April 2010)Andrew Atkeson and Ariel Burstein
Published in: Journal of Political Economy (Vol. 118, No. 3, June 2010, pp. 433-484) https://doi.org/10.1086/653690.
- Staff Report 419 (June 2009)Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson
A previous version was published as [Working Paper 659] (https://doi.org/10.21034/wp.659 "Working Paper 659").
Published in: Quarterly Journal of Economics (Vol. 125, No. 1, February 2010, pp. 47-89) https://doi.org/10.1162/qjec.2010.125.1.47. - Staff Report 417 (November 2008)Andrew Atkeson, Fernando Alvarez, and Chris Edmond
Technical Appendix
Published in: Quarterly Journal of Economics (Vol. 124, No. 3, 2009, pp. 911-967) https://doi.org/10.1162/qjec.2009.124.3.911.
- Working Paper 659 (October 2008)Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson
Published in: Quarterly Journal of Economics (Vol. 125, No. 1, February 2010, pp. 47-89), https://doi.org/10.1162/qjec.2010.125.1.47.
An updated version was published as [Staff Report 419](https://doi.org/10.21034/sr.419 "Staff Report 419"). - Staff Report 412 (September 2008)Patrick J. Kehoe and Andrew Atkeson
Published in NBER Macroeconomics Annual (Vol. 23, 2008, pp. 389-426), https://doi.org/10.1086/593091.
- Quarterly Review 3211 | July 2008 (Vol. 32 No. 1)Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
Originally published in a slightly different form in AEA Papers and Proceedings (Vol. 97, May 2007, pp. 339-345). Reprinted by permission of the authors and the publisher, the American Economic Association. https://doi.org/10.1257/aer.97.2.339
- Working Paper 662 (May 2008)Patrick J. Kehoe and Andrew Atkeson
Published in NBER Macroeconomics Annual (Vol. 23, 2008, pp. 389-426), https://doi.org/10.1086/593091.
- Staff Report 404 (April 2008)Andrew Atkeson and Ariel Burstein
Published in: American Economic Review (Vol. 98, No. 5, December 2008, pp. 1998-2031) https://doi.org/10.1257/aer.98.5.1998.
- Staff Report 371 (September 2007)Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
Published in: Review of Economic Studies (Vol. 76, No. 3, July 2009, pp. 851-878) https://doi.org/10.1111/j.1467-937X.2009.00537.x.
- Staff Report 394 (August 2007)Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson
- Staff Report 388 (March 2007)Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
Published in: American Economic Review (Vol. 97, No. 2, May 2007, pp. 339-345) https://doi.org/10.1257/aer.97.2.339.
- Working Paper 650 (March 2007)Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
Published in AEA Papers and Proceedings (Vol. 97, No. 2, May 2007, pp. 339-345), https://doi.org/10.1257/aer.97.2.339.
Published in Quarterly Review (Vol. 32, No. 1, June 2008, pp. 2-15), https://doi.org/10.21034/qr.3211. - Staff Report 297 (July 2006)Patrick J. Kehoe and Andrew Atkeson
- Staff Report 296 (May 2006)Patrick J. Kehoe and Andrew Atkeson
Published in: American Economic Review (Vol. 97, No. 1, March 2007, pp. 64-88) https://doi.org/10.1257/aer.97.1.64.
- Working Paper 627 (October 2005)Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
Published in The Review of Economic Studies (Vol. 76, Iss. 3, July 2009, pp. 851–878), https://doi.org/10.1111/j.1467-937X.2009.00537.x.
- Staff Report 291 (February 2005)Patrick J. Kehoe and Andrew Atkeson
Published in: Journal of Political Economy (Vol. 113, No. 5, October 2005, pp. 1026-1053) https://doi.org/10.1086/431289.
- Staff Report 326 (August 2004)Patrick J. Kehoe, Andrew Atkeson, and Susan Athey
Published in: Econometrica (Vol. 73, No. 5, September 2005, pp. 1431-1475) https://doi.org/10.1111/j.1468-0262.2005.00626.x.
- Staff Report 331 (January 2004)Patrick J. Kehoe and Andrew Atkeson
Published in: American Economic Review (Vol. 94, No. 2, May 2004, pp. 99-103) https://doi.org/10.1257/0002828041301588.
- Working Paper 626 (November 2002)Patrick J. Kehoe, Andrew Atkeson, and Susan Athey
Published in Econometrica (Vol. 73, No. 5, September 2005, pp. 1431-1475), https://doi.org/10.1111/j.1468-0262.2005.00626.x.
- Working Paper 614 (October 2001)Patrick J. Kehoe and Andrew Atkeson
- Working Paper 606 (July 2001)Patrick J. Kehoe and Andrew Atkeson
- Working Paper 613 (April 2001)Patrick J. Kehoe, Andrew Atkeson, and Susan Athey
- Quarterly Review 2511 | Winter 2001 (Vol. 25 No. 1)Andrew Atkeson and Lee E. Ohanian
- Staff Report 256 (September 2000)Patrick J. Kehoe and Andrew Atkeson
- Staff Report 278 (August 2000)Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
Published in: Journal of Political Economy (Vol. 110, No. 1, February 2002, pp. 73-112) https://doi.org/10.1086/324389.
- Working Paper 605 (August 2000)Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
Published in Journal of Political Economy (Vol. 110, No. 1, February 2002, pp. 73-112), https://doi.org/10.1086/324389.
- Quarterly Review 2331 | Summer 1999 (Vol. 23 No. 3)Patrick J. Kehoe, V. V. Chari, and Andrew Atkeson
- Staff Report 260 (April 1999)Patrick J. Kehoe, Andrew Atkeson, and Fernando Alvarez
- Staff Report 230 (March 1997)Patrick J. Kehoe and Andrew Atkeson
Published in: American Economic Review (Vol. 89, No. 4, September 1999, pp. 1028-43) https://doi.org/10.1257/aer.89.4.1028.
- Staff Report 212 (May 1996)Andrew Atkeson and José-Víctor Ríos-Rull
Published in: Journal of International Economics (Vol. 41, No. 3-4, December 1996, pp. 331-349) https://doi.org/10.1016/S0022-1996(96)01440-7.
- Staff Report 201 (November 1995)Patrick J. Kehoe and Andrew Atkeson
- Staff Report 202 (November 1995)Patrick J. Kehoe and Andrew Atkeson
Published in: International Economic Review (Vol. 37, No. 2, May 1996, pp. 377-401) https://doi.org/10.2307/2527329.
- Working Paper 548 (April 1995)Patrick J. Kehoe and Andrew Atkeson
- Working Paper 547 (April 1995)Patrick J. Kehoe and Andrew Atkeson
- Working Paper 546 (March 1995)Patrick J. Kehoe and Andrew Atkeson
- Staff Report 162 (August 1993)Patrick J. Kehoe and Andrew Atkeson
- Working Paper 381 (November 1987)Andrew Atkeson
Published in Econometrica (vol. 59, no. 4, July 1991, pp. 1069-1089) https://doi.org/10.2307/2938174.