Details about Edward C. Prescott

This author is deceased (2022-11-06).

Access statistics for papers by Edward C. Prescott.

Last updated 2023-02-17. Update your information in the RePEc Author Service.

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Working Papers

2021

1. Special Issue in honor of Nicholas C. Yannelis
   Levine's Working Paper Archive, David K. Levine View citations (1)
   See also Journal Article in Economic Theory (2021)

2018

2. Money in the Production Function
   Staff Report, Federal Reserve Bank of Minneapolis

2017

3. Tarnishing the Golden and Empire States: Land-Use Restrictions and the U.S. Economic Slowdown
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (10)
   See also Journal Article in Journal of Monetary Economics (2018)

2016

4. An Aggregate Model for Policy Analysis with Demographic Change
   Staff Report, Federal Reserve Bank of Minneapolis
   See also Journal Article in The Journal of the Economics of Ageing (2018)
5. Fiat Value in the Theory of Value
   Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
6. Monetary Policy with 100 Percent Reserve Banking: An Exploration
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
7. RBC Methodology and the Development of Aggregate Economic Theory
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
   Also in Working Papers, eSocialSciences (2016) View citations (3)
   Staff Report, Federal Reserve Bank of Minneapolis (2016) View citations (1)
   See also Chapter (2016)

2015

8. Equilibrium with Mutual Organizations in Adverse Selection Economies
   Working Papers, Federal Reserve Bank of Minneapolis View citations (1)
   See also Journal Article in Economic Theory (2016)
9. The Costs of Quid Pro Quo
   Economic Policy Paper, Federal Reserve Bank of Minneapolis View citations (1)

2014

10. A Reassessment of Real Business Cycle Theory
    Staff Report, Federal Reserve Bank of Minneapolis View citations (35)
    See also Journal Article in American Economic Review (2014)

2013

11. On Financing Retirement with an Aging Population
    2013 Meeting Papers, Society for Economic Dynamics View citations (21)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2012) View citations (1)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) View citations (20)
    See also Journal Article in Quantitative Economics (2017)
12. Patent data appendix for quid pro quo: Technology capital transfers for market access in China
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
13. Quid Pro Quo: Technology Capital Transfers for Market Access in China
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (11)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2013) View citations (3)
    See also Journal Article in Review of Economic Studies (2015)
14. Technical appendix for quid pro quo: Technology capital transfers for market access in China
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)

2012

15. Technical appendix: on financing retirement with an aging population
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)
16. The Labor Productivity Puzzle
    2012 Meeting Papers, Society for Economic Dynamics View citations (43)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2012) View citations (7)
    See also Chapter (2012)

2011

17. Aggregate labor supply
    Staff Report, Federal Reserve Bank of Minneapolis View citations (10)
    See also Journal Article in Quarterly Review (2012)
18. Costly financial intermediation in neoclassical growth theory
    Working Papers, Federal Reserve Bank of Minneapolis View citations (15)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (2)
    See also Journal Article in Quantitative Economics (2011)
19. On efficiently financing retirement
    Working Papers, Federal Reserve Bank of Minneapolis
20. Technology Capital Transfer
    2011 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2011) View citations (1)

2010

21. Pareto Optima and Competitive Equilibria With Adverse Selection and Moral Hazard
    Levine's Working Paper Archive, David K. Levine View citations (31)
    See also Journal Article in Econometrica (1984)
22. The equity premium: a puzzle
    Levine's Working Paper Archive, David K. Levine View citations (310)
    See also Journal Article in Journal of Monetary Economics (1985)

2009

23. Technology capital and the U.S. current account
    Staff Report, Federal Reserve Bank of Minneapolis View citations (11)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2008) View citations (3)
    2007 Meeting Papers, Society for Economic Dynamics (2007) View citations (1)
    Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations (1)
    Levine's Bibliography, UCLA Department of Economics (2008) View citations (1)
    See also Journal Article in American Economic Review (2010)
24. Technology capital and the U.S. current account (appendices)
    Staff Report, Federal Reserve Bank of Minneapolis
25. Unmeasured investment and the puzzling U.S. boom in the 1990s
    Staff Report, Federal Reserve Bank of Minneapolis
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (8)
    See also Journal Article in American Economic Journal: Macroeconomics (2010)
26. Unmeasured investment and the puzzling U.S. boom in the 1990s (technical appendix)
    Staff Report, Federal Reserve Bank of Minneapolis View citations (1)

2008

27. Intermediated quantities and returns
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    Also in Levine's Bibliography, UCLA Department of Economics (2007) View citations (1)
    Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations (14)
28. Openness, Technology Capital, and Development
    2008 Meeting Papers, Society for Economic Dynamics View citations (3)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2007) View citations (3)
    NBER Working Papers, National Bureau of Economic Research, Inc (2007) View citations (11)
    Staff Report, Federal Reserve Bank of Minneapolis (2008) View citations (3)
    See also Journal Article in Journal of Economic Theory (2009)
29. Using the general equilibrium growth model to study great depressions: a reply to Temin
    Staff Report, Federal Reserve Bank of Minneapolis View citations (4)

2007

30. Lifetime aggregate labor supply with endogenous workweek length
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
    See also Journal Article in Review of Economic Dynamics (2009)

2006

31. On the needed quantity of government debt
    Working Papers, Federal Reserve Bank of Minneapolis View citations (4)
    See also Journal Article in Quarterly Review (2007)
32. The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)
    See also Journal Article in Journal of Political Economy (2008)
33. Why Did U.S. Market Hours Boom in the 1990s?
    2006 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2006) View citations (1)

2005

34. Autobiography
    Nobel Prize in Economics documents, Nobel Prize Committee
35. Expensed and sweat equity
    Working Papers, Federal Reserve Bank of Minneapolis View citations (4)
36. Productivity and the Post-1990 U.S. Economy
    2005 Meeting Papers, Society for Economic Dynamics View citations (1)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations (2)
    Staff Report, Federal Reserve Bank of Minneapolis (2005) View citations (1)
    See also Journal Article in Review (2005)
37. Taxes, regulations, and the value of U.S. and U.K. corporations
    Staff Report, Federal Reserve Bank of Minneapolis View citations (132)
    Also in Levine's Bibliography, UCLA Department of Economics (2004) View citations (26)
    See also Journal Article in Review of Economic Studies (2005)

2004

38. A Unified Theory of the Evolution of International Income Levels
    Levine's Working Paper Archive, David K. Levine View citations (28)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2004) View citations (33)
    See also Chapter (2005)
39. Interview with the 2004 Laureates in Economics, Finn E. Kydland and Edward C. Prescott
    Nobel Prize in Economics documents, Nobel Prize Committee View citations (1)
40. Predictions of the Price of Capital
    2004 Meeting Papers, Society for Economic Dynamics
41. The Transformation of Macroeconomic Policy and Research
    Nobel Prize in Economics documents, Nobel Prize Committee View citations (13)
    See also Journal Article in The American Economist (2006)
42. Why Do Americans Work So Much More Than Europeans?
    Levine's Bibliography, UCLA Department of Economics View citations (922)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (40)
    NBER Working Papers, National Bureau of Economic Research, Inc (2004) View citations (894)
    See also Journal Article in Quarterly Review (2004)

2003

43. Average Debt and Equity Returns: Puzzling?
    Levine's Working Paper Archive, David K. Levine View citations (117)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (100)
    See also Journal Article in American Economic Review (2003)
44. Non-Convexities in Quantitative General Equilibrium Studies of Business Cycles
    Levine's Working Paper Archive, David K. Levine View citations (8)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2003) View citations (8)
45. The 1929 stock market: Irving Fisher was right
    Staff Report, Federal Reserve Bank of Minneapolis View citations (3)
    See also Journal Article in International Economic Review (2004)
46. The Equity Premium in Retrospect
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (196)
    See also Chapter (2003)

2002

47. Data Appendix to Great Depressions of the Twentieth Century
    Online Appendices, Review of Economic Dynamics View citations (19)
    See also Journal Article in Review of Economic Dynamics (2002)
48. Data Appendix to The 1990s in Japan: A Lost Decade
    Online Appendices, Review of Economic Dynamics View citations (293)
    See also Journal Article in Review of Economic Dynamics (2002)
49. Introduction to Sunspots and Lotteries
    Working Papers, Cornell University, Center for Analytic Economics View citations (7)
    See also Journal Article in Journal of Economic Theory (2002)
50. Prosperity and Depression: 2002 Richard T. Ely Lecture
    Working Papers, Federal Reserve Bank of Minneapolis View citations (73)

2001

51. Is the Stock Market Overvalued?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (33)
    See also Journal Article in Quarterly Review (2000)
52. Taxes, Regulations, and Asset Prices
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (38)
    Also in Working Papers, Federal Reserve Bank of Minneapolis (2001) View citations (30)
53. The Stock Market Crash of 1929: Irving Fisher Was Right!
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)
54. The Stock Market from a Macroeconomist's Perspective
    Annual Meeting Plenary, Society for Economic Dynamics

2000

55. Lotteries, Sunspots and Incentive Constraints
    Levine's Working Paper Archive, David K. Levine View citations (20)
    See also Journal Article in Journal of Economic Theory (2002)
56. On the equilibrium concept for overlapping generations organizations
    Working Papers, Federal Reserve Bank of Minneapolis View citations (2)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (2000) View citations (2)
57. The 1990s in Japan: a lost decade
    Working Papers, Federal Reserve Bank of Minneapolis View citations (4)
    See also Chapter (2004)
    Journal Article in Review of Economic Dynamics (2002)

1999

58. Malthus to Solow
    Staff Report, Federal Reserve Bank of Minneapolis View citations (20)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (1998) View citations (39)
    See also Journal Article in American Economic Review (2002)

1998

59. Business cycle research: methods and problems
    Working Papers, Federal Reserve Bank of Minneapolis View citations (8)

1997

60. General Competitive Analysis in an Economy with Private Information
    Levine's Working Paper Archive, David K. Levine View citations (18)
    See also Journal Article in International Economic Review (1984)
61. Monopoly rights: a barrier to riches
    Staff Report, Federal Reserve Bank of Minneapolis View citations (9)
    See also Journal Article in American Economic Review (1999)
62. Needed: a theory of total factor productivity
    Staff Report, Federal Reserve Bank of Minneapolis View citations (38)
    See also Journal Article in International Economic Review (1998)
63. Valuation equilibrium with Clubs
    Levine's Working Paper Archive, David K. Levine View citations (58)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1996) View citations (10)
    See also Journal Article in Journal of Economic Theory (1997)

1994

64. Equilibrium business cycles with idle resources and variable capacity utilization
    Working Papers, Federal Reserve Bank of Philadelphia View citations (4)
    See also Journal Article in Economic Theory (1995)
65. Real returns on government debt: a general equilibrium quantitative exploration
    UC3M Working papers. Economics, Universidad Carlos III de Madrid. Departamento de Economía
    See also Journal Article in European Economic Review (1997)
66. The computational experiment: an econometric tool
    Staff Report, Federal Reserve Bank of Minneapolis View citations (7)
    Also in Working Papers (Old Series), Federal Reserve Bank of Cleveland (1994) View citations (3)
    See also Journal Article in Journal of Economic Perspectives (1996)

1993

67. Effects of alternative monetary stabilization policies: an unexpected finding
    Working Papers in Applied Economic Theory, Federal Reserve Bank of San Francisco View citations (1)

1992

68. Banking in computable general equilibrium economies
    Staff Report, Federal Reserve Bank of Minneapolis View citations (81)
    See also Journal Article in Journal of Economic Dynamics and Control (1992)
69. Liquidity constraints in economies with aggregate fluctuations: a quantitative exploration
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)
70. Recursive methods for computing equilibria of business cycle models
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (43)

1991

71. Seigniorage As a Tax: A Quantitative Evaluation
    Working Papers, Southern California - School of Business Administration View citations (24)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) View citations (29)
    See also Journal Article in Journal of Money, Credit and Banking (1991)
72. Technology Adoption and Growth
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (26)
    Also in Staff Report, Federal Reserve Bank of Minneapolis (1991) View citations (14)

1990

73. The econometrics of the general equilibrium approach to business cycles
    Staff Report, Federal Reserve Bank of Minneapolis View citations (9)

1989

74. Hours and employment variation in business cycle theory
    Discussion Paper / Institute for Empirical Macroeconomics, Federal Reserve Bank of Minneapolis View citations (10)
    See also Journal Article in Economic Theory (1991)
    Chapter (1991)
75. The firm and the plant in general equilibrium theory
    Staff Report, Federal Reserve Bank of Minneapolis View citations (27)

1988

76. Organizations in economic analysis
    Working Papers, Federal Reserve Bank of Minneapolis View citations (23)
    See also Journal Article in Canadian Journal of Economics (1988)
77. Time consistency and policy
    Staff Report, Federal Reserve Bank of Minneapolis View citations (32)

1986

78. Dynamic coalitions, growth, and the firm
    Staff Report, Federal Reserve Bank of Minneapolis View citations (5)
79. Theory ahead of business cycle measurement
    Staff Report, Federal Reserve Bank of Minneapolis View citations (607)
    See also Journal Article in Quarterly Review (1986)

1985

80. Financial intermediary-coalitions
    Staff Report, Federal Reserve Bank of Minneapolis View citations (24)
    See also Journal Article in Journal of Economic Theory (1986)

1983

81. \"Can the cycle be reconciled with a consistent theory of expectations?\" - or a progress report on business cycle theory
    Working Papers, Federal Reserve Bank of Minneapolis View citations (10)

1982

82. A test of the intertemporal asset pricing model
    Staff Report, Federal Reserve Bank of Minneapolis View citations (2)

1981

83. Post-War U.S. Business Cycles: An Empirical Investigation
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (271)
    See also Journal Article in Journal of Money, Credit and Banking (1997)

1980

84. Time to Build and the Persistence of Unemployment
    Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science View citations (1)

1979

85. DYNAMIC OPTIMAL TAXATION, RATIONAL EXPECTATIONS AND CONTROL THEORY
    Economic Research Papers, University of Warwick - Department of Economics
86. Dynamic Optimal Taxation
    The Warwick Economics Research Paper Series (TWERPS), University of Warwick, Department of Economics

Journal Articles

2022

1. Special Issue in honor of Nicholas C. Yannelis – Part II
   Economic Theory, 2022, 73, (2), 377-385

2021

2. Special issue in honor of Nicholas C. Yannelis
   Economic Theory, 2021, 71, (3), 795-798
   See also Working Paper (2021)

2018

3. An aggregate model for policy analysis with demographic change
   The Journal of the Economics of Ageing, 2018, 11, (C), 52-61 View citations (3)
   See also Working Paper (2016)
4. Tarnishing the golden and empire states: Land-use restrictions and the U.S. economic slowdown
   Journal of Monetary Economics, 2018, 93, (C), 89-109 View citations (27)
   See also Working Paper (2017)
5. US hours at work
   Economics Letters, 2018, 169, (C), 87-90 View citations (6)

2017

6. On financing retirement with an aging population
   Quantitative Economics, 2017, 8, (1), 75-115 View citations (25)
   See also Working Paper (2013)

2016

7. Editorial to the special issue in honor of Bernard Cornet
   Economic Theory, 2016, 62, (1), 1-2
8. Equilibrium with mutual organizations in adverse selection economies
   Economic Theory, 2016, 62, (1), 3-13 View citations (1)
   See also Working Paper (2015)
9. Northern America’s Production of Technology Capital Is Transforming the World Economy
   Business Economics, 2016, 51, (3), 127-132
10. Preface: Special Issue on Dynamic Games in Macroeconomics
    Dynamic Games and Applications, 2016, 6, (2), 157-160 View citations (1)

2015

11. Quid Pro Quo: Technology Capital Transfers for Market Access in China
    Review of Economic Studies, 2015, 82, (3), 1154-1193 View citations (46)
    See also Working Paper (2013)

2014

12. A Reassessment of Real Business Cycle Theory
    American Economic Review, 2014, 104, (5), 177-82 View citations (46)
    See also Working Paper (2014)
13. Interest on reserves, policy rules and quantitative easing
    Journal of Economic Dynamics and Control, 2014, 49, (C), 109-111 View citations (5)

2012

14. Aggregate labor supply
    Quarterly Review, 2012, 35, (Oct) View citations (4)
    See also Working Paper (2011)

2011

15. Costly financial intermediation in neoclassical growth theory
    Quantitative Economics, 2011, 2, (1), 1-36 View citations (28)
    See also Working Paper (2011)

2010

16. Technology Capital and the US Current Account
    American Economic Review, 2010, 100, (4), 1493-1522 View citations (59)
    See also Working Paper (2009)
17. Unmeasured Investment and the Puzzling US Boom in the 1990s
    American Economic Journal: Macroeconomics, 2010, 2, (4), 88-123 View citations (88)
    See also Working Paper (2009)

2009

18. Introduction to dynamic general equilibrium
    Journal of Economic Theory, 2009, 144, (6), 2235-2246 View citations (5)
19. Lifetime Aggregate Labor Supply with Endogenous Workweek Length
    Review of Economic Dynamics, 2009, 12, (1), 23-36 View citations (103)
    See also Working Paper (2007)
20. Openness, technology capital, and development
    Journal of Economic Theory, 2009, 144, (6), 2454-2476 View citations (86)
    See also Working Paper (2008)

2008

21. Introduction of the special issue: Economic theory in honor of Charalambos D. Aliprantis
    Journal of Mathematical Economics, 2008, 44, (7-8), 551-552
22. The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy
    Journal of Political Economy, 2008, 116, (4), 573-632 View citations (138)
    See also Working Paper (2006)

2007

23. EconomicDynamics Interviews Timothy Kehoe and Edward Prescott on Great Depressions
    EconomicDynamics Newsletter, 2007, 9, (1)
24. On the needed quantity of government debt
    Quarterly Review, 2007, 31, (Nov), 2-15 View citations (1)
    See also Working Paper (2006)
25. Review 3
    Economic Journal, 2007, 117, (524), F648-F650

2006

26. Nobel Lecture: The Transformation of Macroeconomic Policy and Research
    Journal of Political Economy, 2006, 114, (2), 203-235 View citations (82)
27. The Transformation of Macroeconomic Policy and Research
    The American Economist, 2006, 50, (1), 3-20 View citations (72)
    Also in Annual Report, 2005, 19, (1), 6-27 (2005) View citations (1)
    See also Working Paper (2004)

2005

28. COMMENTS ON "INFLATION, OUTPUT, AND WELFARE" BY RICARDO LAGOS AND GUILLAUME ROCHETEAU
    International Economic Review, 2005, 46, (2), 523-531 View citations (6)
29. Capacity constraints, asymmetries, and the business cycle
    Review of Economic Dynamics, 2005, 8, (4), 850-865 View citations (70)
30. ON EQUILIBRIUM FOR OVERLAPPING GENERATIONS ORGANIZATIONS *
    International Economic Review, 2005, 46, (4), 1065-1080 View citations (6)
31. Productivity and the post-1990 U.S. economy
    Review, 2005, 87, (Jul), 537-550 View citations (1)
    See also Working Paper (2005)
32. Taxes, Regulations, and the Value of U.S. and U.K. Corporations
    Review of Economic Studies, 2005, 72, (3), 767-796 View citations (86)
    See also Working Paper (2005)

2004

33. THE 1929 STOCK MARKET: IRVING FISHER WAS RIGHT
    International Economic Review, 2004, 45, (4), 991-1009 View citations (12)
    See also Working Paper (2003)
34. Why do Americans work so much more than Europeans?
    Quarterly Review, 2004, 28, (Jul), 2-13 View citations (479)
    See also Working Paper (2004)

2003

35. Average Debt and Equity Returns: Puzzling?
    American Economic Review, 2003, 93, (2), 392-397 View citations (119)
    See also Working Paper (2003)
36. In Memoriam: Bruce D. Smith (1954–2002)
    Economic Theory, 2003, 21, (1), a5-a5

2002

37. Great Depressions of the Twentieth Century
    Review of Economic Dynamics, 2002, 5, (1), 1-18 View citations (184)
    See also Book (2007)
    Working Paper (2002)
38. Introduction to Sunspots and Lotteries
    Journal of Economic Theory, 2002, 107, (1), 1-10 View citations (7)
    See also Working Paper (2002)
39. Lotteries, Sunspots, and Incentive Constraints
    Journal of Economic Theory, 2002, 107, (1), 39-69 View citations (33)
    See also Working Paper (2000)
40. Malthus to Solow
    American Economic Review, 2002, 92, (4), 1205-1217 View citations (540)
    See also Working Paper (1999)
41. Prosperity and Depression
    American Economic Review, 2002, 92, (2), 1-15 View citations (151)
42. The 1990s in Japan: A Lost Decade
    Review of Economic Dynamics, 2002, 5, (1), 206-235 View citations (479)
    See also Chapter (2004)
    Working Paper (2002)
    Working Paper (2000)

2000

43. Is the stock market overvalued?
    Quarterly Review, 2000, 24, (Fall), 20-40 View citations (56)
    See also Working Paper (2001)

1999

44. Monopoly Rights: A Barrier to Riches
    American Economic Review, 1999, 89, (5), 1216-1233 View citations (282)
    See also Working Paper (1997)
45. Some observations on the Great Depression
    Quarterly Review, 1999, 23, (Win), 25-29 View citations (22)

1998

46. Needed: A Theory of Total Factor Productivity
    International Economic Review, 1998, 39, (3), 525-51 View citations (429)
    See also Working Paper (1997)

1997

47. On defining real consumption
    Review, 1997, (May), 47-53 View citations (8)
48. Postwar U.S. Business Cycles: An Empirical Investigation
    Journal of Money, Credit and Banking, 1997, 29, (1), 1-16 View citations (1795)
    See also Working Paper (1981)
    Software Item (1982)
49. Real returns on government debt: A general equilibrium quantitative exploration
    European Economic Review, 1997, 41, (1), 115-137 View citations (5)
    See also Working Paper (1994)
50. Valuation Equilibrium with Clubs
    Journal of Economic Theory, 1997, 74, (1), 19-39 View citations (55)
    See also Working Paper (1997)

1996

51. Inflation targeting in a St. Louis model of the 21st century - commentary
    Review, 1996, 78, (May), 112-117 View citations (1)
    Also in Proceedings, 1996, 78, (May), 112-117 (1996) View citations (1)
52. The Computational Experiment: An Econometric Tool
    Journal of Economic Perspectives, 1996, 10, (1), 69-85 View citations (157)
    See also Working Paper (1994)

1995

53. Computable General Equilibrium Models and Monetary Policy Advice: Comment
    Journal of Money, Credit and Banking, 1995, 27, (4), 1502-05
54. Equilibrium Business Cycles with Idle Resources and Variable Capacity Utilization
    Economic Theory, 1995, 6, (1), 35-49 View citations (46)
    See also Working Paper (1994)
55. Introduction to the Symposium: The Discipline of Applied General Equilibrium
    Economic Theory, 1995, 6, (1), 1-11 View citations (18)

1994

56. Barriers to Technology Adoption and Development
    Journal of Political Economy, 1994, 102, (2), 298-321 View citations (712)
57. Stationary Solution to the Overlapping Generations Model of Fiat Money: Experimental Evidence
    Empirical Economics, 1994, 19, (2), 255-77 View citations (44)

1993

58. Changes in the wealth of nations
    Quarterly Review, 1993, 17, (Spr), 3-16 View citations (50)
59. Cyclical movements of the labor input and its implicit real wage
    Economic Review, 1993, 29, (Q II), 12-23 View citations (22)
60. Did Technology Shocks Cause the 1990-1991 Recession?
    American Economic Review, 1993, 83, (2), 280-86 View citations (25)
61. Effects of monetary policies: an unexpected finding
    Proceedings, 1993, (Mar) View citations (1)

1992

62. Banking in computable general equilibrium economies
    Journal of Economic Dynamics and Control, 1992, 16, (3-4), 533-559 View citations (102)
    See also Working Paper (1992)
63. Classical competitive analysis of economies with Islands
    Journal of Economic Theory, 1992, 57, (1), 73-98 View citations (14)
64. Stochastic Monotonicity and Stationary Distributions for Dynamic Economies
    Econometrica, 1992, 60, (6), 1387-406 View citations (233)

1991

65. Evaluating the welfare effects of alternative monetary arrangements
    Quarterly Review, 1991, 15, (Sum), 3-10 View citations (10)
66. Hours and Employment Variation in Business Cycle Theory
    Economic Theory, 1991, 1, (1), 63-81 View citations (118)
    See also Working Paper (1989)
    Chapter (1991)
67. Insurance Contracts as Commodities: A Note
    Review of Economic Studies, 1991, 58, (5), 917-928 View citations (6)
68. Measures of the Insurance Sector Output
    The Geneva Papers on Risk and Insurance - Issues and Practice, 1991, 16, (2), 191-206 View citations (3)
69. Seigniorage as a Tax: A Quantitative Evaluation
    Journal of Money, Credit and Banking, 1991, 23, (3), 462-75 View citations (28)
    Also in Proceedings, 1991, 462-482 (1991) View citations (25)
    See also Working Paper (1991)

1990

70. Business cycles: real facts and a monetary myth
    Quarterly Review, 1990, 14, (Spr), 3-18 View citations (330)
71. The timing of raises and other payments: A comment
    Carnegie-Rochester Conference Series on Public Policy, 1990, 33, (1), 49-52

1988

72. Organizations in Economic Analysis
    Canadian Journal of Economics, 1988, 21, (3), 477-91 View citations (26)
    See also Working Paper (1988)
73. The equity risk premium: A solution?
    Journal of Monetary Economics, 1988, 22, (1), 133-136 View citations (99)
74. The workweek of capital and its cyclical implications
    Journal of Monetary Economics, 1988, 21, (2-3), 343-360 View citations (69)

1987

75. Dynamic Coalitions: Engines of Growth
    American Economic Review, 1987, 77, (2), 63-67 View citations (43)

1986

76. Financial intermediary-coalitions
    Journal of Economic Theory, 1986, 38, (2), 211-232 View citations (469)
    See also Working Paper (1985)
77. Response to a skeptic
    Quarterly Review, 1986, 10, (Fall), 28-33 View citations (9)
78. Theory ahead of business cycle measurement
    Quarterly Review, 1986, 10, (Fall), 9-22 View citations (622)
    Also in Carnegie-Rochester Conference Series on Public Policy, 1986, 25, (1), 11-44 (1986) View citations (884)
    See also Working Paper (1986)

1985

79. The equity premium: A puzzle
    Journal of Monetary Economics, 1985, 15, (2), 145-161 View citations (2853)
    See also Working Paper (2010)

1984

80. General Competitive Analysis in an Economy with Private Information
    International Economic Review, 1984, 25, (1), 1-20 View citations (136)
    See also Working Paper (1997)
81. Pareto Optima and Competitive Equilibria with Adverse Selection and Moral Hazard
    Econometrica, 1984, 52, (1), 21-45 View citations (340)
    See also Working Paper (2010)

1982

82. Time to Build and Aggregate Fluctuations
    Econometrica, 1982, 50, (6), 1345-70 View citations (3067)
    See also Software Item (1982)
    Software Item (1982)

1980

83. Comments on the current state of the theory of aggregate investment behavior
    Carnegie-Rochester Conference Series on Public Policy, 1980, 12, (1), 93-101
84. Dynamic optimal taxation, rational expectations and optimal control
    Journal of Economic Dynamics and Control, 1980, 2, (1), 79-91 View citations (212)
85. Organization Capital
    Journal of Political Economy, 1980, 88, (3), 446-61 View citations (179)
86. Recursive Competitive Equilibrium: The Case of Homogeneous Households
    Econometrica, 1980, 48, (6), 1365-79 View citations (92)
    See also Chapter (2005)

1978

87. Papers in Honor of Herbert A. Simon: An Introduction
    Bell Journal of Economics, 1978, 9, (2), 491-493

1977

88. Rules Rather Than Discretion: The Inconsistency of Optimal Plans
    Journal of Political Economy, 1977, 85, (3), 473-91 View citations (3623)
89. Sequential Location among Firms with Foresight
    Bell Journal of Economics, 1977, 8, (2), 378-393 View citations (161)
90. Should control theory be used for economic stabilization?
    Carnegie-Rochester Conference Series on Public Policy, 1977, 7, (1), 13-38 View citations (48)
91. Should control theory be used for economic stabilization?: A rejoinder
    Carnegie-Rochester Conference Series on Public Policy, 1977, 7, (1), 101-102 View citations (48)

1976

92. Estimation in the Presence of Stochastic Parameter Variation
    Econometrica, 1976, 44, (1), 167-84 View citations (129)

1975

93. Efficiency of the Natural Rate
    Journal of Political Economy, 1975, 83, (6), 1229-36 View citations (74)

1974

94. Equilibrium search and unemployment
    Journal of Economic Theory, 1974, 7, (2), 188-209 View citations (405)

1973

95. An Adaptive Regression Model
    International Economic Review, 1973, 14, (2), 364-71 View citations (69)
96. Market structure and monopoly profits: A dynamic theory
    Journal of Economic Theory, 1973, 6, (6), 546-557 View citations (5)
97. Tests of an Adaptive Regression Model
    The Review of Economics and Statistics, 1973, 55, (2), 248-56 View citations (45)

1972

98. A Note on Price Systems in Infinite Dimensional Space
    International Economic Review, 1972, 13, (2), 416-22 View citations (17)
99. The Multi-Period Control Problem Under Uncertainty
    Econometrica, 1972, 40, (6), 1043-58 View citations (85)

1971

100. Investment Under Uncertainty
     Econometrica, 1971, 39, (5), 659-81 View citations (371)

1968

101. Collusion in Oligopoly: An Experiment on the Effect of Numbers and Information
     The Quarterly Journal of Economics, 1968, 82, (2), 240-259 View citations (47)

Books

2007

1. Great depressions of the twentieth century
   Monograph, Federal Reserve Bank of Minneapolis View citations (82)
   See also Journal Article in Review of Economic Dynamics (2002)

2002

2. Barriers to Riches, vol 1
   MIT Press Books, The MIT Press View citations (259)

Chapters

2016

1. RBC Methodology and the Development of Aggregate Economic Theory
   Elsevier View citations (3)
   See also Working Paper (2016)

2012

2. The Labor Productivity Puzzle
   Chapter 6 in Government Policies and the Delayed Economic Recovery, 2012 View citations (43)
   See also Working Paper (2012)

2005

3. A Unified Theory of the Evolution of International Income Levels
   Chapter 21 in Handbook of Economic Growth, 2005, vol. 1, Part B, pp 1371-1416 View citations (67)
   See also Working Paper (2004)
4. RECURSIVE COMPETITIVE EQUILIBRIUM: THE CASE OF HOMOGENEOUS HOUSEHOLDS
   Chapter 11 in Theory Of Valuation, 2005, pp 357-371
   See also Journal Article in Econometrica (1980)

2004

5. The 1990s in Japan: a lost decade*
   Chapter 2 in The Economics of an Ageing Population, 2004 View citations (1)
   See also Journal Article in Review of Economic Dynamics (2002)
   Working Paper (2000)

2003

6. The equity premium in retrospect
   Chapter 14 in Handbook of the Economics of Finance, 2003, vol. 1, Part 2, pp 889-938 View citations (197)
   See also Working Paper (2003)

1991

7. Hours and Employment Variation in Business-Cycle Theory
   Palgrave Macmillan View citations (99)
   See also Journal Article in Economic Theory (1991)
   Working Paper (1989)

1980

8. A Competitive Theory of Fluctuations and the Feasibility and Desirability of Stabilization Policy
   A chapter in Rational Expectations and Economic Policy, 1980, pp 169-198 View citations (63)

1973

9. Systematic (Non-Random) Variation Models Varying Parameter Regression: A Theory And Some Applications
   A chapter in Annals of Economic and Social Measurement, Volume 2, number 4, 1973, pp 463-473 View citations (12)

Software Items

1982

1. Executable program for "Time to Build and Aggregate Fluctuations"
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
   See also Journal Article in Econometrica (1982)
2. FORTRAN code for the Hodrick-Prescott filter
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
   See also Journal Article in Journal of Money, Credit and Banking (1997)
3. Web interface for "Time to Build and Aggregate Fluctuations"
   QM&RBC Codes, Quantitative Macroeconomics & Real Business Cycles
   See also Journal Article in Econometrica (1982)