Edward Prescott

Regents Professor

  • 9222 Citations
  • 33 h-Index
1968 …2018

Research output per year

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Research Output

2018

An aggregate model for policy analysis with demographic change

McGrattan, E. R. & Prescott, E., May 2018, In : Journal of the Economics of Ageing. 11, p. 52-61 10 p.

Research output: Contribution to journalArticle

US hours at work

Cociuba, S. E., Prescott, E. & Ueberfeldt, A., Aug 1 2018, In : Economics Letters. 169, p. 87-90 4 p.

Research output: Contribution to journalArticle

2 Scopus citations
2017

On financing retirement with an aging population

McGrattan, E. R. & Prescott, E., Mar 1 2017, In : Quantitative Economics. 8, 1, p. 75-115 41 p.

Research output: Contribution to journalArticle

6 Scopus citations

Tarnishing the golden and empire states: Land-use restrictions and the U.S. economic slowdown

Herkenhoff, K. F., Ohanian, L. E. & Prescott, E., Jan 1 2017, (Accepted/In press) In : Journal of Monetary Economics.

Research output: Contribution to journalArticle

3 Scopus citations
2016

Editorial to the special issue in honor of Bernard Cornet

Araujo, A., Bonnisseau, J. M., Prescott, E. & Yannelis, N. C., Jun 1 2016, In : Economic Theory. 62, 1-2

Research output: Contribution to journalEditorial

Equilibrium with mutual organizations in adverse selection economies

Blandin, A., Boyd, J. H. & Prescott, E., Jun 1 2016, In : Economic Theory. 62, 1-2, p. 3-13 11 p.

Research output: Contribution to journalArticle

1 Scopus citations

Northern America's production of technology capital is transforming the world economy

Prescott, E., Dec 1 2016, In : Business Economics. 51, 3, p. 127-132 6 p.

Research output: Contribution to journalArticle

Preface: Special Issue on Dynamic Games in Macroeconomics

Prescott, E. & Reffett, K., Jun 1 2016, In : Dynamic Games and Applications. 6, 2, p. 157-160 4 p.

Research output: Contribution to journalEditorial

1 Scopus citations

RBC Methodology and the Development of Aggregate Economic Theory

Prescott, E., 2016, Handbook of Macroeconomics, 2016. Elsevier B.V., Vol. 2. p. 1759-1787 29 p. (Handbook of Macroeconomics; vol. 2).

Research output: Chapter in Book/Report/Conference proceedingChapter

2014

A reassessment of real business cycle theory

McGrattan, E. R. & Prescott, E., May 2014, In : American Economic Review. 104, 5, p. 177-182 6 p.

Research output: Contribution to journalArticle

17 Scopus citations

Interest on reserves, policy rules and quantitative easing

Prescott, E., Dec 1 2014, In : Journal of Economic Dynamics and Control. 49, p. 109-111 3 p.

Research output: Contribution to journalArticle

2013

Quid pro quo: Technology capital transfers for market access in China

Holmes, T. J., McGrattan, E. R. & Prescott, E., May 1 2013, In : Review of Economic Studies. 82, 3, p. 1154-1193 40 p., rdv008.

Research output: Contribution to journalArticle

24 Scopus citations
2011

Costly financial intermediation in neoclassical growth theory

Mehra, R., Piguillem, F. & Prescott, E., Mar 1 2011, In : Quantitative Economics. 2, 1, p. 1-36 36 p.

Research output: Contribution to journalArticle

13 Scopus citations
2010

Technology capital and the US current account

McGrattan, E. R. & Prescott, E., Sep 2010, In : American Economic Review. 100, 4, p. 1493-1522 30 p.

Research output: Contribution to journalArticle

45 Scopus citations

Unmeasured investment and the puzzling us boom in the 1990s

McGrattan, E. R. & Prescott, E., Nov 1 2010, In : American Economic Journal: Macroeconomics. 2, 4, p. 88-123 36 p.

Research output: Contribution to journalArticle

47 Scopus citations
2009

Findings of the nobel laureate economist expert panel

Aryeetey, E., Collier, P., Prescott, E., Schelling, T. C. & Smith, V. L., Jan 1 2009, RethinkHIV: Smarter Ways to Invest in Ending HIV in Sub-Saharan Africa. Cambridge University Press, p. 337-349 13 p.

Research output: Chapter in Book/Report/Conference proceedingChapter

Introduction to dynamic general equilibrium

Ohanian, L. E., Prescott, E. & Stokey, N. L., Nov 1 2009, In : Journal of Economic Theory. 144, 6, p. 2235-2246 12 p.

Research output: Contribution to journalArticle

2 Scopus citations

Lifetime aggregate labor supply with endogenous workweek length

Prescott, E., Rogerson, R. & Wallenius, J., Jan 1 2009, In : Review of Economic Dynamics. 12, 1, p. 23-36 14 p.

Research output: Contribution to journalArticle

36 Scopus citations

Openness, technology capital, and development

McGrattan, E. R. & Prescott, E., Nov 1 2009, In : Journal of Economic Theory. 144, 6, p. 2454-2476 23 p.

Research output: Contribution to journalArticle

50 Scopus citations
2008

Introduction of the special issue: Economic theory in honor of Charalambos D. Aliprantis

Cornet, B., Prescott, E. C. & Yannelis, N. C., Jul 1 2008, In : Journal of Mathematical Economics. 44, 7-8, p. 551-552 2 p.

Research output: Contribution to journalEditorial

Non-Risk-based Explanations of the Equity Premium

Mehra, R. & Prescott, E., Dec 1 2008, Handbook of the Equity Risk Premium. Elsevier, p. 101-115 15 p.

Research output: Chapter in Book/Report/Conference proceedingChapter

10 Scopus citations

The depressing effect of agricultural institutions on the prewar japanese economy

Hayashi, F. & Prescott, E., Aug 1 2008, In : Journal of Political Economy. 116, 4, p. 573-632 60 p.

Research output: Contribution to journalArticle

58 Scopus citations

The Equity Premium: ABCs

Mehra, R. & Prescott, E., Dec 1 2008, Handbook of the Equity Risk Premium. Elsevier, p. 1-36 36 p.

Research output: Chapter in Book/Report/Conference proceedingChapter

27 Scopus citations
2006

Comments

Prescott, E., 2006, In : NBER Macroeconomics Annual. 21, p. 233-242 10 p.

Research output: Contribution to journalArticle

4 Scopus citations

Nobel lecture: The transformation of macroeconomic policy and research

Prescott, E., Apr 1 2006, In : Journal of Political Economy. 114, 2, p. 203-235 33 p.

Research output: Contribution to journalArticle

63 Scopus citations
2005

Capacity constraints, asymmetries, and the business cycle

Hansen, G. D. & Prescott, E., Oct 1 2005, In : Review of Economic Dynamics. 8, 4, p. 850-865 16 p.

Research output: Contribution to journalArticle

36 Scopus citations

Chapter 21 A Unified Theory of the Evolution of International Income Levels

Parente, S. L. & Prescott, E., 2005, In : Handbook of Economic Growth. 1, SUPPL. PART B, p. 1371-1416 46 p.

Research output: Contribution to journalArticle

46 Scopus citations

Comments on "inflation, output, and welfare" by Ricardo Lagos and Guillaume Rocheteau

Prescott, E., May 1 2005, In : International Economic Review. 46, 2, p. 523-531 9 p.

Research output: Contribution to journalReview article

6 Scopus citations

Nonconvexities in quantitative general equilibrium studies of business cycles

Prescott, E., Jan 1 2005, Frontiers in Applied General Equilibrium Modeling: In Honor of Herbert Scarf. Cambridge University Press, Vol. 9780521825252. p. 95-118 24 p.

Research output: Chapter in Book/Report/Conference proceedingChapter

1 Scopus citations

On equilibrium for overlapping generations organizations

Prescott, E. C. & Ríos-Rull, J. V., Nov 1 2005, In : International Economic Review. 46, 4, p. 1065-1080 16 p.

Research output: Contribution to journalArticle

2 Scopus citations

Productivity and the post-1990 U.S. economy

McGrattan, E. R. & Prescott, E., 2005, In : Federal Reserve Bank of St. Louis Review. 87, 4, p. 537-549 13 p.

Research output: Contribution to journalReview article

Open Access
5 Scopus citations

Recursive competitive equilibrium: The case of homogeneous households

Prescott, E. C. & Mehra, R., Jan 1 2005, Theory of Valuation, Second Edition. World Scientific Publishing Co., p. 357-371 15 p.

Research output: Chapter in Book/Report/Conference proceedingChapter

Taxes, regulations, and the value of U.S. and U.K. corporations

McGrattan, E. R. & Prescott, E., Jul 1 2005, In : Review of Economic Studies. 72, 3, p. 767-796 30 p.

Research output: Contribution to journalArticle

105 Scopus citations
2004

The 1929 stock market: Irving fisher was right

McGrattan, E. R. & Prescott, E., Nov 1 2004, In : International Economic Review. 45, 4, p. 991-1009 19 p.

Research output: Contribution to journalArticle

18 Scopus citations

The 1990s in Japan: A lost decade

Hayashi, F. & Prescott, E. C., Dec 1 2004, The Economics of an Ageing Population: Macroeconomic Issues. Edward Elgar Publishing, p. 35-74 40 p.

Research output: Chapter in Book/Report/Conference proceedingChapter

2 Scopus citations
2003

Average debt and equity returns: Puzzling?

McGrattan, E. R. & Prescott, E. C., May 1 2003, In : American Economic Review. 93, 2, p. 392-397 6 p.

Research output: Contribution to journalArticle

58 Scopus citations

Chapter 14 The equity premium in retrospect

Mehra, R. & Prescott, E., 2003, In : Handbook of the Economics of Finance. 1, SUPPL. PART B, p. 889-938 50 p.

Research output: Contribution to journalArticle

57 Scopus citations
2002

Great depressions of the 20th century

Kehoe, T. J. & Prescott, E. C., Jan 1 2002, In : Review of Economic Dynamics. 5, 1, p. 1-18 18 p.

Research output: Contribution to journalEditorial

93 Scopus citations

Introduction to sunspots and lotteries

Prescott, E. C. & Shell, K., Nov 1 2002, In : Journal of Economic Theory. 107, 1, p. 1-10 10 p.

Research output: Contribution to journalArticle

10 Scopus citations

Lotteries, sunspots, and incentive constraints

Kehoe, T. J., Levine, D. K. & Prescott, E. C., Nov 1 2002, In : Journal of Economic Theory. 107, 1, p. 39-69 31 p.

Research output: Contribution to journalArticle

22 Scopus citations

Malthus to Solow

Hansen, G. D. & Prescott, E. C., Sep 2002, In : American Economic Review. 92, 4, p. 1205-1217 13 p.

Research output: Contribution to journalArticle

313 Scopus citations

Prosperity and Depression

Prescott, E. C., May 1 2002, In : American Economic Review. 92, 2, p. 1-15 15 p.

Research output: Contribution to journalArticle

102 Scopus citations

The 1990s in Japan: A lost decade

Hayashi, F. & Prescott, E. C., Jan 1 2002, In : Review of Economic Dynamics. 5, 1, p. 206-235 30 p.

Research output: Contribution to journalArticle

347 Scopus citations
1999

Monopoly rights: A barrier to riches

Parente, S. L. & Prescott, E. C., Dec 1999, In : American Economic Review. 89, 5, p. 1216-1233 18 p.

Research output: Contribution to journalArticle

163 Scopus citations
1998

Lawrence R. Klein lecture 1997 Needed: A theory of total factor productivity

Prescott, E. C., Aug 1998, In : International Economic Review. 39, 3, p. 525-551 27 p.

Research output: Contribution to journalArticle

305 Scopus citations

Malthus to Solow.

Hansen, G. D. & Prescott, E. C., Dec 1998, In : Working paper series (National Bureau of Economic Research). 6858, 1 p.

Research output: Contribution to journalArticle

5 Scopus citations
1997

Postwar U.S business cycles: An empirical investigation

Hodrick, R. J. & Prescott, E. C., Feb 1 1997, In : Journal of Money, Credit and Banking. 29, 1, p. 1-16 16 p.

Research output: Contribution to journalArticle

2508 Scopus citations

Real returns on government debt: A general equilibrium quantitative exploration

Díaz-Giménez, J. & Prescott, E. C., Jan 1997, In : European Economic Review. 41, 1, p. 115-137 23 p.

Research output: Contribution to journalArticle

5 Scopus citations

Valuation equilibrium with clubs

Cole, H. L. & Prescott, E. C., May 1 1997, In : Journal of Economic Theory. 74, 1, p. 19-39 21 p.

Research output: Contribution to journalArticle

51 Scopus citations