Search Results
Journal Article
Cyclical movements of the labor input and its implicit real wage
An examination of whether a different specification for labor input and real wages leads to a reconsideration of labor force volatility during business cycles.
Conference Paper
Seigniorage as a tax: a quantitative evaluation
Working Paper
The computational experiment: an econometric tool
A specification of the steps in designing a computational experiment to address a well-posed quantitative question, emphasizing that the computational experiment is an econometric tool used in the task of deriving the quantitative implications of theory.
Conference Paper
Effects of monetary policies: an unexpected finding
Journal Article
On defining real consumption
Journal Article
Productivity and the post-1990 U.S. economy
In this paper, the authors show that ignoring corporate intangible investments gives a distorted picture of the post-1990 U.S. economy. In particular, ignoring intangible investments in the late 1990s leads one to conclude that productivity growth was modest, corporate profits were low, and corporate investment was at moderate levels. In fact, the late 1990s was a boom period for productivity growth, corporate profits, and corporate investment.
Report
The transformation of macroeconomic policy and research
2004 Annual Report Essay: Nobel Lecture by Edward C. Prescott