Details about Edward Simpson Prescott

Access statistics for papers by Edward Simpson Prescott.

Last updated 2023-03-16. Update your information in the RePEc Author Service.

Short-id: ppr11

Working Papers

2025

1. Federal Reserve Structure, Economic Ideas, and Banking Policy During the "Quiet Period" in Banking
   Working Papers, Federal Reserve Bank of Cleveland

2023

2. Federal Reserve Structure and the Production of Monetary Policy Ideas
   Working Papers, Federal Reserve Bank of Cleveland View citations (1)

2022

3. Federal Reserve Structure and Economic Ideas
   Working Papers, Federal Reserve Bank of Cleveland

2020

4. Monetary Policy Strategies and Tools: Financial Stability Considerations
   Finance and Economics Discussion Series, Board of Governors of the Federal Reserve System (U.S.) View citations (8)

2019

5. Banker Compensation, Relative Performance, and Bank Risk
   Working Papers, Federal Reserve Bank of Cleveland
6. Federal Reserve Structure, Economic Ideas, and Monetary and Financial Policy
   Working Papers, Federal Reserve Bank of Cleveland View citations (3)
7. Macroprudential Policy: Results from a Tabletop Exercise
   Working Papers, Federal Reserve Bank of Cleveland View citations (1)

2018

8. Liquidity Requirements and the Interbank Loan Market: An Experimental Investigation
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)

2017

9. Comparison of Small Bank Failures and FDIC Losses in the 1986–92 and 2007–13 Banking Crises
   Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (2)
10. Origins of Too-Big-to-Fail Policy
    Working Papers (Old Series), Federal Reserve Bank of Cleveland View citations (1)

2015

11. Did the Financial Reforms of the Early 1990s Fail? A Comparison of Bank Failures and FDIC Losses in the 1986-92 and 2007-13 Periods
    Working Paper, Federal Reserve Bank of Richmond View citations (1)
12. Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental Examination
    Working Paper, Federal Reserve Bank of Richmond
    See also Journal Article Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental Examination, International Journal of Central Banking, International Journal of Central Banking (2017) View citations (5) (2017)

2013

13. An Experimental Analysis of Contingent Capital with Market-Price Triggers
    Working Papers, VCU School of Business, Department of Economics View citations (2)
    See also Journal Article An Experimental Analysis of Contingent Capital with Market‐Price Triggers, Journal of Money, Credit and Banking, Blackwell Publishing (2014) View citations (10) (2014)
14. Banker compensation and bank risk taking: the organizational economics view
    Working Paper, Federal Reserve Bank of Richmond View citations (7)

2011

15. An experimental analysis of contingent capital triggering mechanisms
    Working Paper, Federal Reserve Bank of Richmond View citations (8)
16. Contingent capital: the trigger problem
    Working Paper, Federal Reserve Bank of Richmond View citations (6)
    See also Journal Article Contingent capital: the trigger problem, Economic Quarterly, Federal Reserve Bank of Richmond (2012) View citations (17) (2012)
17. Optimal bonuses and deferred pay for bank employees: implications of hidden actions with persistent effects in time
    2011 Meeting Papers, Society for Economic Dynamics View citations (2)
    Also in Working Paper, Federal Reserve Bank of Richmond (2010) View citations (5)

2009

18. Providing Incentives for Mortgage Originators
    2009 Meeting Papers, Society for Economic Dynamics

2006

19. Market-based regulation and the informational content of prices
    Working Paper, Federal Reserve Bank of Richmond View citations (1)

2005

20. Firms as clubs in Walrasian markets with private information: technical appendix
    Working Paper, Federal Reserve Bank of Richmond View citations (7)

2004

21. State-contingent bank regulation with unobserved actions and unobserved characteristics
    Working Paper, Federal Reserve Bank of Richmond View citations (7)
    Also in Working Paper Series, Federal Reserve Bank of Chicago (2002) View citations (2)
    See also Journal Article State-contingent bank regulation with unobserved actions and unobserved characteristics, Journal of Economic Dynamics and Control, Elsevier (2006) View citations (21) (2006)

2003

22. Mechanism design and assignment models
    Working Paper, Federal Reserve Bank of Richmond View citations (1)

2000

23. Bank capital regulation with and without state-contingent penalties
    Working Paper Series, Federal Reserve Bank of Chicago View citations (23)
    See also Journal Article Bank capital regulation with and without state-contingent penalties, Carnegie-Rochester Conference Series on Public Policy, Elsevier (2001) View citations (35) (2001)
24. Firms as clubs in Walrasian markets with private information
    Working Paper, Federal Reserve Bank of Richmond View citations (12)
    See also Journal Article Firms as Clubs in Walrasian Markets with Private Information, Journal of Political Economy, University of Chicago Press (2006) View citations (32) (2006)
25. Incentives, communication, and payment instruments
    Working Paper, Federal Reserve Bank of Richmond View citations (2)
    See also Journal Article Incentives, communication, and payment instruments, Journal of Monetary Economics, Elsevier (2003) View citations (4) (2003)

1998

26. Computing moral-hazard problems using the Dantzig-Wolfe decomposition algorithm
    Working Paper, Federal Reserve Bank of Richmond View citations (3)

1996

27. Theory of the firm: applied mechanism design
    Working Paper, Federal Reserve Bank of Richmond View citations (5)

Journal Articles

2024

1. Reciprocal Deposits and the Banking Turmoil of 2023
   Economic Commentary, 2024, 2024, (14), 12
2. The Failure of the Bank of the Commonwealth: An Early Example of Interest Rate Risk
   Economic Commentary, 2024, 2024, (06), 9

2018

3. Using Economic Experiments to Improve Contingent Convertible Capital Bonds
   Economic Commentary, 2018, 2018, (02), 6

2017

4. Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental Examination
   International Journal of Central Banking, 2017, 13, (2), 33-71 View citations (5)
   See also Working Paper Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental Examination, Working Paper (2015) (2015)
5. The 1970s Origins of Too Big to Fail
   Economic Commentary, 2017, (October) View citations (2)

2015

6. Did Banking Reforms of the Early 1990s Fail? Lessons from Comparing Two Banking Crises
   Richmond Fed Economic Brief, 2015, (June)
7. Explaining the Decline in the Number of Banks since the Great Recession
   Richmond Fed Economic Brief, 2015, (March) View citations (2)

2014

8. An Experimental Analysis of Contingent Capital with Market‐Price Triggers
   Journal of Money, Credit and Banking, 2014, 46, (5), 999-1033 View citations (10)
   See also Working Paper An Experimental Analysis of Contingent Capital with Market-Price Triggers, Working Papers (2013) View citations (2) (2013)
9. The Financial Crisis, the Collapse of Bank Entry, and Changes in the Size Distribution of Banks
   Economic Quarterly, 2014, (1Q), 23-50 View citations (11)

2013

10. Too Big to Manage? Two Book Reviews
    Economic Quarterly, 2013, (2Q), 143-162

2012

11. Contingent capital: the trigger problem
    Economic Quarterly, 2012, 98, (1Q), 33-50 View citations (17)
    See also Working Paper Contingent capital: the trigger problem, Working Paper (2011) View citations (6) (2011)
12. Experimenting with contingent capital triggers
    Richmond Fed Economic Brief, 2012, (Feb)

2011

13. A regional look at the role of house prices and labor market conditions in mortgage default
    Economic Quarterly, 2011, 97, (1Q), 1-43

2010

14. Introduction to the special issue on the Diamond-Dybvig model
    Economic Quarterly, 2010, 96, (1Q), 1-9
15. Market-Based Corrective Actions
    The Review of Financial Studies, 2010, 23, (2), 781-820 View citations (90)

2009

16. The costs and benefits of bank supervisory disclosure
    Richmond Fed Economic Brief, 2009, (May)

2008

17. Should bank supervisors disclose information about their banks?
    Economic Quarterly, 2008, 94, (Win), 1-16 View citations (22)

2006

18. Changes in the size distribution of U.S. banks: 1960-2005
    Economic Quarterly, 2006, 92, (Fall), 291-316 View citations (42)
19. Firms as Clubs in Walrasian Markets with Private Information
    Journal of Political Economy, 2006, 114, (4), 644-671 View citations (32)
    See also Working Paper Firms as clubs in Walrasian markets with private information, Working Paper (2000) View citations (12) (2000)
20. Private Information and Intertemporal Job Assignments -super-1
    The Review of Economic Studies, 2006, 73, (2), 531-548 View citations (5)
21. State-contingent bank regulation with unobserved actions and unobserved characteristics
    Journal of Economic Dynamics and Control, 2006, 30, (11), 2015-2049 View citations (21)
    See also Working Paper State-contingent bank regulation with unobserved actions and unobserved characteristics, Working Paper (2004) View citations (7) (2004)

2005

22. Technological design and moral hazard
    Economic Quarterly, 2005, 91, (Fall), 43-55

2004

23. Auditing and bank capital regulation
    Economic Quarterly, 2004, 90, (Fall), 47-63 View citations (25)
24. Computing solutions to moral-hazard programs using the Dantzig-Wolfe decomposition algorithm
    Journal of Economic Dynamics and Control, 2004, 28, (4), 777-800 View citations (2)

2003

25. Communication in Private-Information Models: Theory and Computation
    The Geneva Risk and Insurance Review, 2003, 28, (2), 105-130 View citations (8)
26. Firms, assignments, and earnings
    Economic Quarterly, 2003, 89, (Fall), 69-81 View citations (8)
27. Incentives, communication, and payment instruments
    Journal of Monetary Economics, 2003, 50, (2), 433-454 View citations (4)
    See also Working Paper Incentives, communication, and payment instruments, Working Paper (2000) View citations (2) (2000)

2002

28. Can risk-based deposit insurance premiums control moral hazard?
    Economic Quarterly, 2002, (Spr), 87-100 View citations (7)
29. Collective Organizations versus Relative Performance Contracts: Inequality, Risk Sharing, and Moral Hazard
    Journal of Economic Theory, 2002, 103, (2), 282-310 View citations (25)
30. Hired hooves: Transactions in a south Indian village factor market
    Australian Journal of Agricultural and Resource Economics, 2002, 46, (2), 23 View citations (7)

2001

31. Bank capital regulation with and without state-contingent penalties
    Carnegie-Rochester Conference Series on Public Policy, 2001, 54, (1), 139-184 View citations (35)
    See also Working Paper Bank capital regulation with and without state-contingent penalties, Working Paper Series (2000) View citations (23) (2000)
32. Regulating bank capital structure to control risk
    Economic Quarterly, 2001, (Sum), 35-52 View citations (8)

1999

33. A primer on moral-hazard models
    Economic Quarterly, 1999, (Win), 47-78 View citations (23)
34. Means of payment, the unbanked, and EFT '99
    Economic Quarterly, 1999, (Fall), 49-70 View citations (7)

1997

35. Group lending and financial intermediation: an example
    Economic Quarterly, 1997, (Fall), 23-48 View citations (14)
36. The pre-commitment approach in a model of regulatory banking capital
    Economic Quarterly, 1997, (Win), 23-50 View citations (11)

Chapters

2016

1. Incentive Compensation and Bank Risk: Insights from Organizational Economics
   Chapter 23 in The Future of Large, Internationally Active Banks, 2016, pp 399-417 View citations (1)