Edward C. Prescott
3 papers in the Anchorcite directory, published between 1977 and 1997, cited 21,459 times in total.
Research topics
- Economic theories and models · 2 papers
- Monetary Policy and Economic Impact · 2 papers
- Economic Theory and Institutions · 1 paper
- Game Theory and Applications · 1 paper
- Complex Systems and Time Series Analysis · 1 paper
- Market Dynamics and Volatility · 1 paper
Frequent co-authors
- Finn E. Kydland · 2 papers
- Robert J. Hodrick · 1 paper
Papers
- Rules Rather than Discretion: The Inconsistency of Optimal PlansJournal of Political Economy · 1977 · 8,039 citations
Even if there is an agreed-upon, fixed social objective function and policymakers know the timing and magnitude of the effects of their actions, discretionary policy, namely, the selection of that decision which is best, given the current situation and a…
- Postwar U.S. Business Cycles: An Empirical InvestigationJournal of money credit and banking · 1997 · 7,491 citations
A study documents some features of aggregate economic fluctuations sometimes referred to as business cycles. The investigation uses quarterly data from the postwar US economy. The fluctuations studied are those that are too rapid to be accounted for by slowly…
- Time to Build and Aggregate FluctuationsEconometrica · 1982 · 5,929 citations
The equilibrium growth model is modified and used to explain the cyclical variances of a set of economic time series, the covariances between real output and the other series, and the autocovariance of output. The model is fitted to quarterly…
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