Edward C. Prescott – How to Restore US Prosperity?
12 Jun 2019 Leave a comment
in budget deficits, business cycles, economic growth, Edward Prescott, fiscal policy, great recession, macroeconomics, monetary economics Tags: real business cycle theory
Entrevista con Edward Prescott
07 May 2019 Leave a comment
in business cycles, economic growth, Edward Prescott, fiscal policy, labour economics, labour supply, macroeconomics, monetary economics Tags: real business cycle theory
Policy responses to the business cycle require detailed information on the nature of the shocks
31 Mar 2019 Leave a comment
What are Real Shocks?
25 Nov 2018 Leave a comment
in business cycles, macroeconomics Tags: real business cycle theory
Bare bones RBC models and New Keynesian models on money and other drivers of the business cycle
17 Nov 2018 Leave a comment
in Edward Prescott Tags: New Keynesian macroeconomics, real business cycle theory
Edward Prescott on real business cycle theory as a genuine surprise
06 Nov 2018 Leave a comment
in business cycles, economic growth, Edward Prescott, macroeconomics, monetary economics Tags: real business cycle theory
What did Edward Prescott do when he found Keynesian macroeconomics wanting: double down on the old time religion or start again?
05 Nov 2018 Leave a comment
in budget deficits, business cycles, economic growth, Edward Prescott, fiscal policy, history of economic thought, macroeconomics, monetary economics, Robert E. Lucas Tags: Keynesian macroeconomics, real business cycle theory
The current state of the economy Edward Prescott 2012
26 Oct 2018 Leave a comment
in business cycles, Edward Prescott, fiscal policy, global financial crisis (GFC), great recession, macroeconomics Tags: real business cycle theory
But did Ed Prescott consider whether a central bank can cause a recession if it really, really tried?
21 Sep 2018 Leave a comment
in business cycles, Edward Prescott, macroeconomics, monetary economics Tags: real business cycle theory
Ed Prescott makes an excellent point in his last paragraph
16 May 2017 Leave a comment
Source: RBC Methodology and the Development of Aggregate Economic Theory Edward C. Prescott, Federal Reserve Bank of Minneapolis Staff Report 527 February 2016.
Edward C Prescott on the EU, business cycles and European economic research
07 May 2017 Leave a comment
in budget deficits, business cycles, economic growth, Edward Prescott, macroeconomics Tags: real business cycle theory
Fiat Value in the theory of value – an ADEMU lecture by Edward C Prescott
06 May 2017 Leave a comment
Operations Research and The Revolution in Aggregate Economics – Edward Prescott 2012
18 Nov 2014 Leave a comment
in applied welfare economics, business cycles, economic growth, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics Tags: Edward Prescott, real business cycle theory
The extension of recursive methods to dynamic equilibrium modelling spawned a revolution in aggregate economics.
This revolution has resulted in aggregate economics becoming, like physics, a hard science and not exercises in storytelling.
Operations research played a major role in the development of practical methods to model dynamic aggregate economic phenomena and to predict the consequences of policy regimes.
Subsequently recursive methods were used to develop a quantitative theory of aggregate fluctuations and other aggregate phenomena.
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