Edward Prescott

Regents Professor

  • 8759 Citations
  • 33 h-Index
1968 …2018
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Research Output 1968 2018

  • 8759 Citations
  • 33 h-Index
  • 67 Article
  • 7 Chapter
2018
1 Citation (Scopus)

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

Hours worked
Methodology
Demographics
Survey data
Current population survey
2017

An aggregate model for policy analysis with demographic change

McGrattan, E. R. & Prescott, E., 2017, (Accepted/In press) In : Journal of the Economics of Ageing.

Research output: Contribution to journalArticle

population development
retiree
aggregate data
taxation
taxes
5 Citations (Scopus)

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

Retirement
Financing
Aging population
Income
Working poor

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

Land use
Economics
Economic activity
General equilibrium
Data sources
2016

Editorial to the special issue in honor of Bernard Cornet

Araujo, A., Bonnisseau, J. M., Prescott, E. & Yannelis, N. C., Jun 15 2016, (Accepted/In press) In : Economic Theory. p. 1-2 2 p.

Research output: Contribution to journalArticle

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

World economy
Foreign direct investment
Monopoly
Adam Smith
Rent
1 Citation (Scopus)

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 journalArticle

Dynamic Games
Macroeconomics

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

Real business cycles
Methodology
Economic theory
Neoclassical growth
Business cycles
2015
1 Citation (Scopus)

Equilibrium with mutual organizations in adverse selection economies

Blandin, A., Boyd, J. H. & Prescott, E., Sep 30 2015, (Accepted/In press) In : Economic Theory.

Research output: Contribution to journalArticle

Adverse selection
Commodities
Expected utility
Insurance
2014
14 Citations (Scopus)

A reassessment of real business cycle theory

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

Research output: Contribution to journalArticle

Real business cycle theory

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

Banking
Tax
Taxation
Arrangement
Bearings (structural)
2013
17 Citations (Scopus)

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

China
Market access
Technology transfer
Dynamic general equilibrium model
Developing countries
2011
13 Citations (Scopus)

Costly financial intermediation in neoclassical growth theory

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

Research output: Contribution to journalArticle

Lending
Growth theory
Financial intermediation
Borrowing
Neoclassical growth
2010
41 Citations (Scopus)

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

Current account
Economic analysis
Intangibles
Foreign direct investment
Multinationals
44 Citations (Scopus)

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

Intangibles
Prediction
Conformity
Capital gains
National accounts
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

Economists
Vaccine
Infection
Costs
Africa
1 Citation (Scopus)

Introduction to dynamic general equilibrium

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

Research output: Contribution to journalArticle

Dynamic general equilibrium
Symposium
35 Citations (Scopus)

Lifetime aggregate labor supply with endogenous workweek length

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

Research output: Contribution to journalArticle

Labor supply
Labor
Government policy
Hours worked
47 Citations (Scopus)

Openness, technology capital, and development

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

Research output: Contribution to journalArticle

Openness
Growth model
Investing
Direct investment
Multinationals
2008

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

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

Research output: Contribution to journalArticle

Economics
Economic theory
10 Citations (Scopus)

Non-Risk-based Explanations of the Equity Premium

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

Research output: Chapter in Book/Report/Conference proceedingChapter

Equity premium
54 Citations (Scopus)

The depressing effect of agricultural institutions on the prewar japanese economy

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

Research output: Contribution to journalArticle

Japanese economy
Labor
Agriculture
Patriarchy
Gross national product
27 Citations (Scopus)

The Equity Premium: ABCs

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

Research output: Chapter in Book/Report/Conference proceedingChapter

Equity premium
2006
4 Citations (Scopus)

Comments

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

Research output: Contribution to journalArticle

58 Citations (Scopus)

Nobel lecture: The transformation of macroeconomic policy and research

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

Research output: Contribution to journalArticle

economic reform
political economy
macroeconomics
policy
Macroeconomic policy
2005
35 Citations (Scopus)

Capacity constraints, asymmetries, and the business cycle

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

Research output: Contribution to journalArticle

Business cycles
Capacity constraints
Asymmetry
Real business cycle models
Cobb-Douglas
43 Citations (Scopus)

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

Income level
Economic development
Technology choice
Relative efficiency
Production efficiency
5 Citations (Scopus)

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

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

Research output: Contribution to journalArticle

Inflation
1 Citation (Scopus)

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, p. 95-118 24 p.

Research output: Chapter in Book/Report/Conference proceedingChapter

Non-convexity
General equilibrium
Business cycles
Public finance
Real business cycle models
1 Citation (Scopus)

On equilibrium for overlapping generations organizations

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

Research output: Contribution to journalArticle

Overlapping generations
Optimality
5 Citations (Scopus)

Productivity and the post-1990 U.S. economy

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

Research output: Contribution to journalArticle

Productivity
US economy
Profit
Productivity growth
Corporate investment

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

Equilibrium theory
Recursive equilibrium
Competitive equilibrium
Economics
Household
100 Citations (Scopus)

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

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

Research output: Contribution to journalArticle

Equity
Tax
Critical factors
Debt
Growth theory
2004
17 Citations (Scopus)

The 1929 stock market: Irving fisher was right

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

Research output: Contribution to journalArticle

Stock market
Crash
Analysts
Income
Growth theory
2 Citations (Scopus)

The 1990s in Japan: A lost decade

Hayashi, F. & Prescott, E., 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

2003
56 Citations (Scopus)

Average debt and equity returns: Puzzling?

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

Research output: Contribution to journalArticle

Equity returns
Debt
50 Citations (Scopus)

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

Equity premium
Assets
Prediction model
Realism
Empirical data
2002
91 Citations (Scopus)

Great depressions of the 20th century

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

Research output: Contribution to journalArticle

Great Depression
20th century
Factors
Dynamic general equilibrium model
Growth accounting
9 Citations (Scopus)

Introduction to sunspots and lotteries

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

Research output: Contribution to journalArticle

Sunspots
Lottery
Sunspot equilibria
Non-convexity
Economics
21 Citations (Scopus)

Lotteries, sunspots, and incentive constraints

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

Research output: Contribution to journalArticle

Sunspots
Incentives
Lottery
Indivisibility
Exchange economy
298 Citations (Scopus)

Malthus to Solow

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

Research output: Contribution to journalArticle

Malthus
101 Citations (Scopus)

Prosperity and Depression

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

Research output: Contribution to journalArticle

Prosperity
327 Citations (Scopus)

The 1990s in Japan: A lost decade

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

Research output: Contribution to journalArticle

Economics
Japan
Policy change
Capital markets
Financing
1999
155 Citations (Scopus)

Monopoly rights: A barrier to riches

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

Research output: Contribution to journalArticle

Factors
Monopoly
Production process
Industry
Suppliers
1998
292 Citations (Scopus)

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

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

Research output: Contribution to journalArticle

Total factor productivity
Physical capital
Industry
Saving rate
Income differences
5 Citations (Scopus)

Malthus to Solow.

Hansen, G. D. & Prescott, E., 1998, In : Working paper series (National Bureau of Economic Research). 6858, p. 24 1 p.

Research output: Contribution to journalArticle

Technology
Growth
Population Growth
Economics
1997
2314 Citations (Scopus)

Postwar U.S business cycles: An empirical investigation

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

Research output: Contribution to journalArticle

Empirical investigation
Business cycles
Comovement
Macroeconomics
5 Citations (Scopus)

Real returns on government debt: A general equilibrium quantitative exploration

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

Research output: Contribution to journalArticle

Government debt
General equilibrium
Assets
Real returns
Denomination
50 Citations (Scopus)

Valuation equilibrium with clubs

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

Research output: Contribution to journalArticle

Clubs
Economics
Competitive analysis
Commodities