Edward C. Prescott改变了宏观经济学的走向。Edward C. Prescott及其合作者的工作是过去30年中宏观经济学中最重要的进展。Edward C. Prescott 现在任教于亚利桑那州立大学,同时担任明尼阿波利斯联储的顾问。
Edward C. Prescott所获主要荣誉:
Honours and awards
Edward C. Prescott 维基百科:http://en.wikipedia.org/wiki/Edward_Prescott
Edward C. Prescott 明尼阿波利斯联储主页:https://www.minneapolisfed.org/authors/edward-c-prescott
Edward C. Prescott论文下载页:https://www.minneapolisfed.org/research/prescott/papers
Edward C. Prescott的经典论文(推荐):
Lucas, Robert E, Jr. and Prescott, Edward C. (1971). "Investment Under Uncertainty". Econometrica 39 (5): 659–681
- Kydland, F., and E. C. Prescott (1977). "Rules Rather than Discretion: The Inconsistency of Optimal Plans". Journal of Political Economy: 473–492.
- Prescott, Edward C. and Mehra, Rajnish (1980). "Recursive Competitive Equilibrium: The Case of Homogeneous Households". Econometrica 48 (6): 1365–79. doi:10.2307/1912812. JSTOR 1912812.
- Kydland, Finn; E. C. Prescott (1982). "Time to Build and Aggregate Fluctuations". Econometrica 50 (6): 1345–1370. doi:10.2307/1913386. JSTOR 1913386.
- Mehra, Rajnish; Edward C. Prescott (1985). "The Equity Premium: A Puzzle" (PDF). Journal of Monetary Economics 15 (2): 145–161. doi:10.1016/0304-3932(85)90061-3.
- Kydland, Finn; E. C. Prescott (1990). "Business Cycles: Real Facts and a Monetary Myth". Federal Reserve Bank of Minneapolis Quarterly Review: 3–18
- "Financial Intermediary Coalitions," with J. Boyd, Journal of Economic Theory 38 (April 1986): 211-32.
- "Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard," with R. Townsend, Econometrica 52 (January 1984): 21-45.
- "Stochastic Monotonicity and Stationary Distributions for Dynamic Economies," with H. Hopenhayn, Econometrica 60 (November 1992): 1387-1406.
- "Economic Growth and Business Cycles," with T. F. Cooley, Chapter 1 in T. F. Cooley, ed., Frontiers of Business Cycle Research, (Princeton University Press, 1995), 1-38.
- "Theory Ahead of Business Cycle Measurement," in K. Brunner and A. H. Meltzer, eds., Real Business Cycles, Real Exchange Rates and Actual Policies, Carnegie-Rochester Conference Series on Public Policy 25 (Autumn 1986): 11-44. Revised version reprinted in Federal Reserve Bank of Minneapolis Quarterly Review 10 (Fall 1986): 9-22.
- "Recursive Methods for Computing Equilibria in Business Cycle Models," with G. D. Hansen, Chapter 2 in T. F. Cooley, ed., Frontiers of Business Cycle Research, (Princeton University Press, 1995), 39-64.
- "The 1990s in Japan: A Lost Decade," with F. Hayashi, Review of Economic Dynamics 5, no. 1 (January 2002): 206-35.
"Monopoly Rights: A Barrier to Riches," with S. L. Parente, American Economic Review 89, no. 5 (December 1999): 1216-1233.
"Needed: A Theory of Total Factor Productivity," International Economic Review 39 (August 1998): 525-552.
"Barriers to Technology Adoption and Development*," with S. Parente, Journal of Political Economy 102 (April 1994): 298-321.