Edward S. Prescott

Federal Reserve Banks - Federal Reserve Bank of Cleveland

SCHOLARLY PAPERS

40

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Top 20,971

in Total Papers Downloads

3,649

SSRN CITATIONS
Rank 7,250

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Top 7,250

in Total Papers Citations

48

CROSSREF CITATIONS

132

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 355 (125,119)

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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 291 (153,236)
Citation 8

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3.

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 284 (157,801)
Citation 1

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4.

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 192 (229,576)
Citation 2

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5.

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 186 (235,944)
Citation 5

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6.

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 182 (240,496)

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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 159 (270,217)
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 22 (745,035)
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 161 (266,801)
Citation 1

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9.

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
Federal Reserve Banks - Federal Reserve Bank of Richmond, Federal Reserve Banks - Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of Richmond
Downloads 140 (298,589)

Abstract:

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10.
Downloads 140 (298,589)
Citation 10

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 113 (351,743)
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 27 (702,990)
Citation 6

Abstract:

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bank regulation, contingent capital

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 130 (317,367)
Citation 3

Abstract:

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12.

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 119 (337,044)
Citation 5

Abstract:

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incentive compensation, bank regulation, risk shifting

13.

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 Banks - Federal Reserve Bank of Cleveland and Federal Reserve Banks - Federal Reserve Bank of Cleveland
Downloads 109 (358,311)

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

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 101 (377,156)
Citation 1

Abstract:

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15.

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 89 (408,575)

Abstract:

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16.

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 82 (429,279)
Citation 5

Abstract:

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17.

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
Federal Reserve Banks - 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 81 (432,340)

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

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 80 (440,249)
Citation 11

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19.

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 67 (483,256)
Citation 9

Abstract:

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bank regulation, experiments, contingent capital

20.

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 67 (479,528)
Citation 1

Abstract:

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21.

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 58 (514,916)
Citation 9

Abstract:

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moral hazard, persistence, bonus, deferred pay, banking

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 34 (651,886)

Abstract:

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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 15 (810,603)
Citation 1

Abstract:

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23.

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 44 (579,544)

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24.

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 41 (601,022)

Abstract:

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Liquidity regulation, interbank market, bank reserves, experimental analysis

25.

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 40 (601,022)

Abstract:

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26.

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 37 (617,755)
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 36 (639,019)
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

Abstract:

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28.

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 35 (629,499)
Citation 1

Abstract:

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Interbank market, liquidity regulation, market experiments

29.

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 35 (629,499)

Abstract:

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30.

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 34 (635,547)
Citation 4

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assignment, private information, communication

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 28 (695,172)
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

Abstract:

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32.

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 26 (690,123)

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incentive compensation, relative performance, bank regulation

33.

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 25 (697,817)
Citation 1

Abstract:

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34.

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 21 (729,583)
Citation 1

Abstract:

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bank regulation, moral hazard, hidden information

35.

Hired Hooves: Transactions in a South Indian Village Factor Market

Number of pages: 23 Posted: 29 Dec 2002
Rolf A.E. Müller, Edward S. Prescott and Daniel A. Sumner
University of Kiel, Federal Reserve Banks - Federal Reserve Bank of Cleveland and University of California, Davis - Department of Agricultural and Resource Economics
Downloads 21 (729,583)

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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 20 (737,917)
Citation 3

Abstract:

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competitive equilibrium, clubs, private information

37.

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 Banks - 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 16 (772,956)

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financial stability, macroprudential policy, monetary policy

38.

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 16 (772,956)

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39.

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 15 (782,180)

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40.

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 15 (782,180)

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means of payment, incentives, communication