Patrick has been affiliated with the Bank since 1986, and has served as a Monetary Advisor since 1997. 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.
A prolific researcher, Patrick has published in numerous prestigious publications, including Journal of International Economics, Econometrica, International Economic Review, and Journal of Economic Theory. 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 research focuses on monetary policy, time consistency and financial crises.