Profile Major Works Resources

Edward C. Prescott, 1940-

American New Classical economist, one of the pioneers of real business cycle theory.

Edward C. Prescott won the Nobel Memorial Prize in 2004, along with Finn E. Kydland.

 

  


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Major Works of Edward C. Prescott

  • "Investment Under Uncertainty", with R.E. Lucas, 1971, Econometrica
  • "The Multi-Period Control Problem Under Uncertainty",  1972, Econometrica [minnfed]
  • "Equilibrium Search and Unemployment", with R.E. Lucas, 1974, JET
  • "Rules Rather than Discretion: the inconsistency of optimal plans", with F.E. Kydland, 1977, JPE [minfed]
  • "A Competitive Theory of Fluctuations and the Feasibility and Desirability of Stabilization Policy" with F.E. Kydland,  1980, in Fischer, editor, Rational Expectations and Economic Policy. [nber]
  • "Dynamic Optimal Taxation, Rational Expectations and Optimal Control", with F.E. Kydland, 1980, JPE
  • "Time to Build and Aggregate Fluctuations", 1982, Econometrica [minnfed]
  • "General Competitive Equilibria Analysis in an Economy with Private Information", with R.M. Townsend, 1984, IER
  • "Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard", with R.M. Townsend, 1984, Econometrica [minnfed]
  • "The Equity Premium Puzzle: A puzzle",  with R. Mehra, 1985, JME [minnfed]
  • "Theory Ahead of Business Cycle Measurement", 1986, CROCH and FRB Minneapolis QR [minnfed]
  • "Financial Intermediary Coalitions", with J. Boyd, 1986, JET.
  • "Dynamic Coalitions: Engines of Growth" with J. Boyd, 1987, AER [minnfed]
  • "Hours and Employment: variations in business cycle theory", with F.E. Kydland, 1991, Econ Theory  [minnfed]
  • "Economic Growth and Business Cycles", 1995, in Cooley, editor, Frontiers of Business Cycle Research [minfed]
  • "Needed: A theory of total factor productivity", 1998, IER [minnfed]
  • "The Transformation of Macroeconomic Policy and Research", 2004 (nobel)

 


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Resources on  Edward C. Prescott

 

 
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