Research Economists

All Publications and Papers for

Edward C. Prescott

Senior Monetary Advisor



Quid Pro Quo: Technology Capital Transfers for Market Access in China

Revised August 2014 - Staff Report 486
Additional Files (FTP)

Technical Appendix for Quid Pro Quo: Technology Capital Transfers for Market Access in China

Revised August 2014 - Staff Report 487
Additional Files (FTP)

A Reassessment of Real Business Cycle Theory

Revised March 2014 - Staff Report 494
Published In: American Economic Review Papers and Proceedings (Vol. 104, No. 5, May 2014, pp. 177-182)
Additional Files (FTP)

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

December 2013 - The Region
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On Financing Retirement with an Aging Population

Revised October 2013 - Staff Report 472
Additional Files (FTP)

Technical Appendix: On Financing Retirement with an Aging Population

Revised October 2013 - Staff Report 473
Additional Files (FTP)

Patent Data Appendix for Quid Pro Quo: Technology Capital Transfers for Market Access in China

July 2013 - Staff Report 488
Additional Files (OFFSITE)

Aggregate Labor Supply

October 2012 - Quarterly Review

The Labor Productivity Puzzle

Revised May 2012 - Working Paper 694
Published In: Government Policies and the Delayed Economic Recovery (Hoover Institution Press, 2012, pp. 115-154)
Additional Files (FTP)

On Efficiently Financing Retirement

November 2011 - Working Paper 692

Technology Capital Transfer

Revised November 2011 - Working Paper 687

Costly Financial Intermediation in Neoclassical Growth Theory

April 2011 - Working Paper 685
Published In: Quantative Economics (Vol. 2, No. 1, March 2011, pp. 1-36)

Aggregate Labor Supply

June 2011 - Staff Report 457

Unmeasured Investment and the Puzzling U.S. Boom in the 1990s

Revised September 2010 - Staff Report 369
Published In: American Economic Journal: Macroeconomics (Vol. 2, No. 4, October 2010, pp. 88-123)
Additional Files (FTP)

Technical Appendix: Unmeasured Investment and the Puzzling U.S. Boom in the 1990s

Revised September 2009 - Staff Report 395
Additional Files (FTP)

Technology Capital and the U.S. Current Account

Revised March 2009 - Staff Report 406
Published In: American Economic Review (Vol. 100, No. 4, September 2010, pp. 1493-1522)
Additional Files (FTP)

Appendices: Technology Capital and the U.S. Current Account

Revised March 2009 - Staff Report 407
Additional Files (FTP)

Using the General Equilibrium Growth Model to Study Great Depressions: A Reply to Temin

December 2008 - Staff Report 418

Intermediated Quantities and Returns

Revised September 2008 - Staff Report 405
Additional Files and Appendix (FTP)

Openness, Technology Capital, and Development

Revised July 2008 - Staff Report 396
Published In: Journal of Economic Theory (Vol. 144, No. 6, November 2009, pp. 2454-2476)
Additional Files (FTP)

Technology Capital and the U.S. Current Account

Revised April 2008 - Working Paper 646
Addtional Files (FTP)

On the Needed Quantity of Government Debt

November 2007 - Quarterly Review

Lifetime Aggregate Labor Supply with Endogenous Workweek Length

November 2007 - Staff Report 400
Published In: Review of Economic Dynamics (Vol. 12, No. 1, January 2009, pp. 23-36)

Intermediated Quantities and Returns

September 2007 - Working Paper 655
Additional Files and Appendix (FTP)

Openness, Technology Capital, and Development

April 2007 - Working Paper 651

On the Needed Quantity of Government Debt

December 2006 - Working Paper 648
Published In: Quarterly Review (Vol. 31, November 2007, pp. 2-15)
Additional Files (FTP)

Expensed and Sweat Equity

Revised September 2005 - Working Paper 636

Productivity and the Post-1990 U.S. Economy

Revised May 2005 - Staff Report 350
Published In: Federal Reserve Bank of St. Louis Review (Vol. 87, No. 4, July/August 2005, pp. 537-549)
Additional Files (FTP)

Taxes, Regulations, and the Value of U.S. and U.K. Corporations

Revised May 2005 - Staff Report 309
Published In: Review of Economic Studies (Vol. 72, No. 3, July 2005, pp. 767-796)
Additional Files and Appendix (FTP)

Edward C. Prescott's Speech at the Nobel Banquet

May 2005 - The Region

The Transformation of Macroeconomic Policy and Research

May 2005 - The Region

The Transformation of Macroeconomic Policy and Research

January 2004 - Annual Reports

Why Do Americans Work So Much More Than Europeans?

July 2004 - Quarterly Review
Additional Materials (FTP)

Data Appendix: Taxes, Regulations, and the Value of U.S. and U.K. Corporations

June 2004 - Staff Report 309
Additional Files (FTP)

A Unified Theory of the Evolution of International Income Levels

March 2004 - Staff Report 333

The 1929 Stock Market: Irving Fisher Was Right

Revised December 2003 - Staff Report 294
Published In: International Economic Review (Vol. 45, No. 4, November 2004, pp. 991-1009)
Additional Files (FTP)

Non-Convexities in Quantitative General Equilibrium Studies of Business Cycles

Revised November 2003 - Staff Report 312
Published In: Frontiers in Applied General Equilibrium Modeling: In Honor of Herbert Scarf (2005, pp. 95-118)

Why Do Americans Work So Much More Than Europeans?

November 2003 - Staff Report 321
Published In: Quarterly Review (Vol. 28, No. 1, July 2004, pp. 2-13)
Additional Files (ZIP)

Average Debt and Equity Returns: Puzzling?

January 2003 - Staff Report 313
Published In: AER, Papers and Proceedings (Vol. 93, No. 2, May 2003, pp. 392-397)
Additional Files (FTP)

Prosperity and Depression: 2002 Richard T. Ely Lecture

January 2002 - Working Paper 618
Published In: American Economic Review (Vol. 92, No. 2, May 2002, pp. 1-15)

Taxes, Regulations, and Asset Prices

Revised July 2001 - Working Paper 610

On the Equilibrium Concept for Overlapping Generations Organizations

November 2000 - Staff Report 282
Published In: International Economic Review (Vol. 46, No. 4, November 2005, pp. 1065-1080)

The 1990s in Japan: A Lost Decade

November 2000 - Working Paper 607
Published In: The economics of an aging population: Macroeconomic issues (2004, pp. 35-74)
Published In: Review of Economic Dynamics (Vol. 5, No. 1, January 2002, pp. 206-235)

Is the Stock Market Overvalued?

Fall 2000 - Quarterly Review
Additional materials (FTP)

On the Equilibrium Concept for Overlapping Generations Organizations

August 2000 - Working Paper 602

Some Observations on the Great Depression

Winter 1999 - Quarterly Review

Malthus to Solow

January 1999 - Staff Report 257
Published In: American Economic Review (Vol. 92, No. 4, September 2002, pp. 1205-1217)

Business Cycle Research: Methods and Problems

Revised October 1998 - Working Paper 590
Published In: Cycles, growth and structural change: Theories and empirical evidence (2001, pp. 283-300)

Needed: A Theory of Total Factor Productivity

December 1997 - Staff Report 242
Published In: International Economic Review (Vol. 39, No. 3, August 1998, pp. 525-551)

Monopoly Rights: A Barrier to Riches

July 1997 - Staff Report 236
Published In: American Economic Review (Vol. 89, No. 5, December 1999, pp. 1216-33)

Valuation Equilibria With Clubs

Revised March 1996 - Staff Report 174
Published In: Journal of Economic Theory (Vol. 74, No. 1, May 1997, pp. 19-39)

The Computational Experiment: An Econometric Tool

August 1994 - Staff Report 178
Published In: Journal of Economic Perspectives (Vol 10, Num 1, Winter 1996, pp. 69-85)
Published In: Real business cycles: A reader (1998, pp. 237-253)

Changes in the Wealth of Nations

Spring 1993 - Quarterly Review

Recursive Methods for Computing Equilibria of Business Cycle Models

Revised April 1992 - Discussion Paper
Published In: Frontiers of business cycle research (1995, pp. 39-64)
Published In: Equilibrium growth theories (1991, pp. 124-138)

Banking in Computable General Equilibrium Economies

March 1992 - Staff Report 153
Published In: Journal of Economic Dynamics and Control (Num 16, 1992, pp. 533-559)

Liquidity Constraints in Economies With Aggregate Fluctuations: A Quantitative Exploration

January 1992 - Staff Report 149

Evaluating the Welfare Effects of Alternative Monetary Arrangements

Summer 1991 - Quarterly Review

Technology Adoption and Growth

February 1991 - Staff Report 136
Published In: Journal of Political Economy (Vol 102, Num 2, 1994, pp. 298-321)

Seigniorage as a Tax: A Quantitative Evaluation

January 1991 - Staff Report 132
Published In: Quarterly Review (Vol 15, Num 3, Summer 1991, pp. 3-10)
Published In: Journal of Money, Credit, and Banking (Vol. 23, No. 3, August 1991, pp. 462-475)

The Econometrics of the General Equilibrium Approach to Business Cycles

November 1990 - Staff Report 130
Published In: Scandinavian Journal of Economics (Vol 93, Num 2, 1991, pp. 161-178)
Published In: Real business cycles: A reader (1998, pp. 219-236)
Published In: Macroeconometrics: Developments, tensions, and prospects (1995, pp. 181-198)
Published In: New approaches to empirical macroeconomics (1991, pp. 33-50)

Business Cycles: Real Facts and a Monetary Myth

Spring 1990 - Quarterly Review
Published In: Real business cycles: A reader (1998, pp. 383-398)
Published In: Business cycle theory (1995, pp. 67-82)
Published In: The rational expectations revolution: Readings from the front line (1994, pp. 307-334)
Published In: The new classical macroeconomics (Vol. 3, 1992, pp. 514-529)

The Firm and the Plant in General Equilibrium Theory

November 1989 - Staff Report 126
Published In: General Equilibrium, Growth, and Trade (Vol 2, 1993, pp. 393-410)

Hours and Employment Variation in Business Cycle Theory

August 1989 - Discussion Paper
Published In: Economic Theory (Vol. 1, No. 1, January 1991, pp. 63-81)

Time Consistency and Policy

August 1988 - Staff Report 115
Published In: Modern Business Cycle Theory (1989, pp. 265-305)

Organizations in Economic Analysis.

Revised February 1988 - Working Paper 385
Published In: Canadian Journal of Economics (Vol 21, Num 3, August 1988, pp. 477-491)

Response to a Skeptic

Fall 1986 - Quarterly Review
Published In: Real business cycles: A reader (1998, pp. 102-107)

Theory Ahead of Business Cycle Measurement

Fall 1986 - Quarterly Review

Dynamic Coalitions, Growth, and the Firm

Revised April 1986 - Staff Report 100
Published In: Minnesota Studies in Macroeconomic Series (Vol. 1, 1987, pp. 146-160)
Published In: American Economic Review (Vol. 77, No. 2, May 1987, pp. 63-67)

Theory Ahead of Business Cycle Measurement

February 1986 - Staff Report 102
Published In: Quarterly Review (Vol 10, Num 4, Fall 1986, pp. 9-22)
Published In: Real business cycles: A reader (1998, pp. 83-96)
Published In: A macroeconomics reader (1997, pp. 366-388)
Published In: Time series models, causality and exogeneity (1997, pp. 91-104)
Published In: The rational expectations revolution: Readings from the front line (1994, pp. 265-287)
Published In: The new classical macroeconomics (Vol. 3, 1992, pp. 375-388)
Published In: Carnegie-Rochester Conference Series on Public Policy (Vol. 25, Autumn 1986, pp. 11-44)

Financial Intermediary-Coalitions

July 1985 - Staff Report 87
Published In: Journal of Economic Theory (Vol 38, Num 2, April 1986, pp. 211-232)
Published In: Credit, intermediation, and the macroeconomy: Readings and perspectives in modern financial theory (2004, pp. 15-35)

"Can the Cycle Be Reconciled With a Consistent Theory of Expectations" Or a Progress Report on Business Cycle Theory

June 1983 - Working Paper 239

A Test of the Intertemporal Asset Pricing Model

Revised November 1982 - Staff Report 81
Published In: Journal of Monetary Economics (Vol. 15, 1985, pp. 145-161)

 
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Narayana Kocherlakota