Edward S. Prescott

Federal Reserve Banks - Federal Reserve Bank of Cleveland

SCHOLARLY PAPERS

40

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5,063

SSRN CITATIONS
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Top 7,671

in Total Papers Citations

92

CROSSREF CITATIONS

133

Scholarly Papers (40)

1.

Monetary Policy Strategies and Tools: Financial Stability Considerations

FEDS Working Paper No. 2020-74
Number of pages: 34 Posted: 02 Sep 2020
Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Board of Governors of the Federal Reserve System
Downloads 724 (67,149)
Citation 1

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2.

A Primer on Moral-Hazard Models

FRB Richmond Economic Quarterly, vol. 85, no. 1, Winter 1999, pp. 47-77
Number of pages: 31 Posted: 26 Nov 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 337 (167,277)
Citation 1

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Bank Capital Regulation with and Without State-Contingent Penalties

FRB Chicago Working Paper No. 2000-10
Number of pages: 51 Posted: 08 Nov 2000
David A. Marshall and Edward S. Prescott
Federal Reserve Bank of Chicago and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 313 (179,652)
Citation 8

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4.

Changes in the Size Distribution of U. S. Banks: 1960-2005

FRB Richmond Economic Quarterly, vol. 92, no. 4, Fall 2006, pp. 291-316
Number of pages: 26 Posted: 08 Dec 2012
Hubert Janicki and Edward S. Prescott
U.S. Census Bureau and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 250 (227,605)
Citation 5

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5.

Introduction to the Special Issue on the Diamond-Dybvig Model

FRB Richmond Economic Quarterly, vol. 96, no. 1, First Quarter 2010, pp. 1-9
Number of pages: 9 Posted: 16 Dec 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 240 (236,852)

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6.

Can Risk-Based Deposit Insurance Premiums Control Moral Hazard?

FRB Richmond Economic Quarterly, vol. 88, no. 2, Spring 2002, pp. 87-100
Number of pages: 14 Posted: 02 Dec 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 230 (246,768)
Citation 2

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Market-Based Regulation and the Informational Content of Prices

Number of pages: 52 Posted: 17 Dec 2006
Philip Bond, Itay Goldstein and Edward S. Prescott
University of Washington - Michael G. Foster School of Business, University of Pennsylvania - The Wharton School - Finance Department and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 170 (324,527)
Citation 1

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Market-based regulation, Market-based intervention, Price informativeness, Bank supervision

Market-Based Regulation and the Informational Content of Prices

FRB Richmond Working Paper No. 06-12
Number of pages: 54 Posted: 07 Dec 2012
Philip Bond, Itay Goldstein and Edward S. Prescott
University of Washington - Michael G. Foster School of Business, University of Pennsylvania - The Wharton School - Finance Department and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 46 (757,810)
Citation 2

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rational expectations, regulation, market discipline

8.

Auditing and Bank Capital Regulation

FRB Richmond Economic Quarterly, vol. 90, no. 4, Fall 2004, pp. 47-63
Number of pages: 17 Posted: 05 Dec 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 190 (294,426)
Citation 6

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9.
Downloads 179 (310,429)
Citation 12

Contingent Capital: The Trigger Problem

FRB Richmond Economic Quarterly, vol. 98, no. 1, First Quarter 2012, pp. 33-50
Number of pages: 18 Posted: 20 Dec 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 129 (407,747)
Citation 1

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Contingent Capital: The Trigger Problem

FRB Richmond Working Paper No. 11-07
Number of pages: 19 Posted: 18 Dec 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 50 (730,648)
Citation 6

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bank regulation, contingent capital

10.

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

FRB Richmond Working Paper No. 15-5
Number of pages: 1 Posted: 13 Aug 2015 Last Revised: 21 Oct 2015
Eliana Balla, Edward S. Prescott and John R. Walter
Quantitative Supervision & Research - Federal Reserve Bank of Richmond, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 174 (318,297)
Citation 1

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The Financial Crisis, the Collapse of Bank Entry, and Changes in the Size Distribution of Banks

FRB Richmond Economic Quarterly, vol. 100, no. 1, First Quarter 2014, pp. 23-50
Number of pages: 28 Posted: 31 Jul 2015
Roisin McCord and Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 171 (324,527)
Citation 3

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12.

Origins of Too-Big-To-Fail Policy

FRB of Cleveland Working Paper No. 17-10
Number of pages: 44 Posted: 25 May 2017
George Nurisso and Edward S. Prescott
Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 155 (351,348)

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Too big to fail, deposit insurance, banking, time consistency

13.

Banker Compensation and Bank Risk Taking: The Organizational Economics View

FRB Richmond Working Paper No. 13-03
Number of pages: 30 Posted: 06 Mar 2013
Arantxa Jarque and Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 138 (385,529)
Citation 5

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incentive compensation, bank regulation, risk shifting

14.

Group Lending and Financial Intermediation: An Example

FRB Richmond Economic Quarterly, Vol. 83, No. 4, Fall 1997, pp. 23-48
Number of pages: 26 Posted: 19 Nov 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 119 (431,825)
Citation 1

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15.

A Comparison of Small Bank Failures and FDIC Losses in the 1986–92 and 2007–13 Banking Crises

FRB of Cleveland Working Paper No. 17-19
Number of pages: 55 Posted: 04 Dec 2017
Eliana Balla, Laurel Mazur, Edward S. Prescott and John R. Walter
Quantitative Supervision & Research - Federal Reserve Bank of Richmond, University of Maryland, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 117 (437,430)

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bank regulation, bank failures, Prompt Corrective Action, FDIC losses

16.

Regulating Bank Capital Structure to Control Risk

FRB Richmond Economic Quarterly, Vol. 87, No. 3, Summer 2001, pp. 35-52
Number of pages: 18 Posted: 30 Nov 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 112 (451,841)

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State-Contingent Bank Regulation with Unobserved Action and Unobserved Characteristics

Number of pages: 64 Posted: 27 Mar 2003
David A. Marshall and Edward S. Prescott
Federal Reserve Bank of Chicago and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 112 (454,189)
Citation 11

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18.

Should Bank Supervisors Disclose Information about Their Banks?

FRB Richmond Economic Quarterly, Vol. 94, No. 1, Winter 2008, pp. 1-16
Number of pages: 16 Posted: 11 Dec 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 111 (454,940)
Citation 7

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19.

Means of Payment, the Unbanked, and EFT '99

FRB Richmond Economic Quarterly, vol. 85, no. 4, Fall 1999, pp. 49-70
Number of pages: 22 Posted: 26 Nov 2012
Edward S. Prescott and Daniel Tatar
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Independent
Downloads 89 (527,898)
Citation 2

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20.

Optimal Bonuses and Deferred Pay for Bank Employees: Implications of Hidden Actions with Persistent Effects in Time

FRB Richmond Working Paper No. 10-16
Number of pages: 43 Posted: 16 Dec 2012
Arantxa Jarque and Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 80 (563,208)
Citation 9

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moral hazard, persistence, bonus, deferred pay, banking

21.

An Experimental Analysis of Contingent Capital Triggering Mechanisms

FRB Richmond Working Paper No. 11-01R
Number of pages: 42 Posted: 18 Dec 2012
Douglas D. Davis, Oleg Korenok and Edward S. Prescott
Virginia Commonwealth University - School of Business - Department of Economics, Virginia Commonwealth University - School of Business and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 79 (567,301)
Citation 9

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bank regulation, experiments, contingent capital

22.

Liquidity Requirements and the Interbank Loan Market: An Experimental Investigation (Presentation Slides)

Proceedings of the 4th Chapman Conference on Money & Finance on Liquidity: Pricing, Management and Financial Stability
Number of pages: 43 Posted: 14 Jan 2020
Douglas D. Davis, John Lightle, Oleg Korenok and Edward S. Prescott
Virginia Commonwealth University - School of Business - Department of Economics, Virginia Commonwealth University (VCU), Virginia Commonwealth University - School of Business and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 77 (575,747)

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Liquidity regulation, interbank market, bank reserves, experimental analysis

Federal Reserve Structure, Economic Ideas, and Monetary and Financial Policy

FRB of Cleveland Working Paper No. 19-13, June 2019
Number of pages: 67 Posted: 17 Jul 2019
Michael D. Bordo and Edward S. Prescott
Rutgers University, New Brunswick - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 50 (730,648)

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Federal Reserve System, monetary policy, financial regulation, governance

Federal Reserve Structure, Economic Ideas, and Monetary and Financial Policy

NBER Working Paper No. w26098
Number of pages: 68 Posted: 02 Aug 2019 Last Revised: 24 Apr 2022
Michael D. Bordo and Edward S. Prescott
Rutgers University, New Brunswick - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 20 (986,394)
Citation 1

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24.

State-Contingent Bank Regulation with Unobserved Actions and Unobserved Characteristics

FRB Richmond Working Paper No. 04-02
Number of pages: 36 Posted: 04 Dec 2012
David A. Marshall and Edward S. Prescott
Federal Reserve Bank of Chicago and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 67 (621,175)
Citation 1

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bank regulation, moral hazard, hidden information

25.

Fixed Prices and Regulatory Discretion as Triggers for Contingent Capital Conversion: An Experimental Examination

FRB Richmond Working Paper No. 15-2
Number of pages: 30 Posted: 13 Aug 2015 Last Revised: 21 Oct 2015
Douglas D. Davis and Edward S. Prescott
Virginia Commonwealth University - School of Business - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 62 (646,511)

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26.

The Pre-Commitment Approach in a Model of Regulatory Banking Capital

FRB Richmond Economic Quarterly, Vol. 83, No. 1, Winter 1997, pp. 23-50
Number of pages: 28 Posted: 19 Nov 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 60 (657,086)

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27.

Too Big to Manage? Two Book Reviews

FRB Economic Quarterly, Vol. 99, No. 2, Second Quarter 2013, pp. 143-162, Federal Reserve Bank of Richmond Research Paper
Number of pages: 20 Posted: 29 May 2014
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 57 (673,315)

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28.

Theory of the Firm: Applied Mechanism Design

Federal Reserve Bank of Richmond Working Paper No. 96-2
Number of pages: 68 Posted: 17 Nov 2012
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics
Downloads 54 (690,419)
Citation 2

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Firms as Clubs in Walrasian Markets with Private Information

FRB Richmond Working Paper No. 00-8
Number of pages: 60 Posted: 27 Nov 2012
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics
Downloads 53 (710,987)
Citation 11

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private information, general equilibrium, clubs, theory of the firm

Firms as Clubs in Walrasian Markets with Private Information

Journal of Political Economy, Vol. 114, pp. 644-71, August 2006
Posted: 01 Nov 2006
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics

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30.

Liquidity Requirements and the Interbank Loan Market: An Experimental Investigation

FRB of Cleveland Working Paper No. 18-10
Number of pages: 37 Posted: 01 Aug 2018
Douglas D. Davis, Oleg Korenok, John P. Lightle and Edward S. Prescott
Virginia Commonwealth University - School of Business - Department of Economics, Virginia Commonwealth University - School of Business, Florida State University - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 50 (714,701)
Citation 2

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Interbank market, liquidity regulation, market experiments

31.

Mechanism Design and Assignment Models

FRB Richmond Working Paper No. 03-9
Number of pages: 33 Posted: 03 Dec 2012
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics
Downloads 48 (727,368)
Citation 4

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assignment, private information, communication

32.

Firms, Assignments, and Earnings

FRB Richmond Economic Quarterly, Vol. 89, No. 4, Fall 2003, pp. 69-81
Number of pages: 13 Posted: 05 Dec 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 45 (746,976)
Citation 1

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Computing Moral Hazard Problems Using the Dantzig-Wolfe Decomposition Algorithm

FRB Richmond Working Paper No. 98-6
Number of pages: 29 Posted: 21 Nov 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 45 (765,028)
Citation 2

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Computing Moral-Hazard Problems Using the Dantzig-Wolfe Decomposition Algorithm

Working Paper 98-6
Posted: 10 Sep 1998
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland

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34.

Macroprudential Policy: Results from a Tabletop Exercise

FRB of Cleveland Working Paper No. 19-11, May 2019
Number of pages: 31 Posted: 17 Jul 2019
Federal Reserve Bank of Cleveland, Federal Reserve Bank of Cleveland, Federal Reserve Bank of New York, Federal Reserve Banks - Federal Reserve Bank of Dallas, Federal Reserve Banks - Federal Reserve Bank of Cleveland, Federal Reserve Bank of Chicago - Economic Research, Federal Reserve Banks - Federal Reserve Bank of Minneapolis, Board of Governors of the Federal Reserve System, Federal Reserve Bank of New York and Board of Governors of the Federal Reserve System
Downloads 44 (753,789)

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financial stability, macroprudential policy, monetary policy

35.

Banker Compensation, Relative Performance, and Bank Risk

FRB of Cleveland Working Paper No. 19-20
Number of pages: 35 Posted: 13 Nov 2019
Arantxa Jarque and Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 43 (760,752)

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incentive compensation, relative performance, bank regulation

36.

Firms as Clubs in Walrasian Markets with Private Information: Technical Appendix

FRB Richmond Working Paper No. 05-11
Number of pages: 19 Posted: 06 Dec 2012
Edward S. Prescott and Robert M. Townsend
Federal Reserve Banks - Federal Reserve Bank of Cleveland and MIT - Department of Economics
Downloads 36 (812,279)
Citation 3

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competitive equilibrium, clubs, private information

37.

Incentives, Communication, and Payment Instruments

FRB Richmond Working Paper No. 00-11
Number of pages: 30 Posted: 28 Nov 2012
Edward S. Prescott and John A. Weinberg
Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 35 (820,082)

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means of payment, incentives, communication

38.

Technological Design and Moral Hazard

FRB Richmond Economic Quarterly, vol. 91, no. 4, Fall 2005, pp. 43-55
Number of pages: 13 Posted: 06 Dec 2012
Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 30 (861,616)

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39.

A Regional Look at the Role of House Prices and Labor Market Conditions in Mortgage Default

FRB Richmond Economic Quarterly, vol. 97, no. 1, First Quarter 2011, pp. 1-43
Number of pages: 43 Posted: 19 Dec 2012
Sonya Waddell, Anne Davlin and Edward S. Prescott
Federal Reserve Banks - Federal Reserve Bank of Richmond, Federal Reserve Banks - Federal Reserve Bank of Richmond and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 27 (888,085)

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Federal Reserve Structure and the Production of Monetary Policy Ideas

FRB of Cleveland Working Paper No. 23-29, https://doi.org/10.26509/frbc-wp-202329
Number of pages: 48 Posted: 21 Nov 2023
Michael D. Bordo and Edward S. Prescott
Rutgers University, New Brunswick - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 20 (986,394)

Abstract:

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Federal Reserve System, monetary policy, governance, time consistency

Federal Reserve Structure and the Production of Monetary Policy Ideas

NBER Working Paper No. w31915
Number of pages: 48 Posted: 04 Dec 2023
Michael D. Bordo and Edward S. Prescott
Rutgers University, New Brunswick - Department of Economics and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 4 (1,152,342)
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