The new classical monetary-surprise style of models developed in the 1970sby Lucas, Sargent, Wallace and others were very influential. When did Prescott first begin to lose faith in that particular approach?
18 Jan 2022 Leave a comment
Your work on the US found that productivity shocks explain most of the cyclical fluctuations the economy has experienced. Does this finding have any bearing on the nature of public policy?
17 Jan 2022 Leave a comment
in business cycles, economic history, economics of regulation, Edward Prescott, growth miracles, labour economics, labour supply, macroeconomics, monetary economics, public economics
What about the recession of 1980-81?
16 Jan 2022 Leave a comment
in business cycles, Edward Prescott, financial economics, macroeconomics, monetary economics
The view that technology shocks, those affecting production opportunities, are the major driving force behind business cycles, accounting for about 70 percent of these fluctuations.
16 Jan 2022 Leave a comment
in business cycles, economic history, Edward Prescott, macroeconomics, monetary economics
Prescott (1996) on the power of central banks
15 Jan 2022 Leave a comment
in business cycles, econometerics, economic history, Edward Prescott, financial economics, macroeconomics, monetary economics
McGrattan on how intangible investment changes real business cycle modelling missing booms and busts
03 Jan 2022 Leave a comment
Prescott on booms and busts
03 Jan 2022 Leave a comment
Ed Prescott Says ‘Partial’ Default Is Likely for Greece
22 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, budget deficits, business cycles, comparative institutional analysis, currency unions, economic growth, economic history, Edward Prescott, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, labour economics, labour supply, macroeconomics, monetary economics, unemployment Tags: real business cycles
Edward C Prescott on the EU, business cycles and European economic research
20 Nov 2021 Leave a comment
in applied price theory, applied welfare economics, budget deficits, business cycles, economic history, Edward Prescott, Euro crisis, fiscal policy, global financial crisis (GFC), great recession, history of economic thought, industrial organisation, labour economics, labour supply, macroeconomics Tags: real business cycles
Prescott on business cycles
16 Nov 2021 Leave a comment
in business cycles, Edward Prescott, history of economic thought, labour supply, macroeconomics, monetary economics, public economics
Edward C. Prescott 2015 Nov 11. Video – Edward C. Prescott (2014) – The Revolution in Aggregate Economics https://www.mediatheque.lindau-nobel.org/videos/33975/edward-prescott/laureate-prescott Accessed 2021 Nov 15.
Prescott on business cycles
16 Nov 2021 Leave a comment
in business cycles, Edward Prescott, history of economic thought, labour supply, macroeconomics, monetary economics, public economics
Edward C. Prescott 2015 Nov 11. Video – Edward C. Prescott (2014) – The Revolution in Aggregate Economics <https://www.mediatheque.lindau-nobel.org/videos/33975/edward-prescott/laureate-prescott>. Accessed 2021 Nov 15.
From Frontiers of Business Cycle Research 1995
07 Nov 2021 Leave a comment
in business cycles, econometerics, economic growth, economic history, Edward Prescott, labour economics, labour supply, macroeconomics, monetary economics, Robert E. Lucas Tags: monetary policy, real business cycles
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