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Edward C. Prescott

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Edward C. Prescott
Edward C Prescott 2015.jpg
Prescott in 2015
Born (1940-12-26) December 26, 1940 (age 79)
NationalityUnited States
InstitutionAustralian National University (ANU)
Arizona State University
Carnegie Mellon University
Federal Reserve Bank of Minneapolis
Federal Reserve Bank of Richmond
Northwestern University
University of Minnesota
University of Pennsylvania
University of California, Santa Barbara
University of Chicago
New York University
School or
tradition
New classical economics
Alma materSwarthmore College
Case Western Reserve University
Carnegie Mellon University
Doctoral
advisor
Michael C. Lovell
Doctoral
students
Costas Azariadis
Gary Hansen
Finn Kydland
V. V. Chari
Fernando Alvarez[1]
InfluencesMorris H. DeGroot
Robert Lucas, Jr.
John Muth
ContributionsReal Business Cycle theory
Time consistency in economic policy
AwardsNobel Prize in Economics (2004)
Information at IDEAS / RePEc

Edward Christian Prescott (born December 26, 1940) is an American economist. He received the Nobel Prize in Economics in 2004, sharing the award with Finn E. Kydland, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles".

In August 2014, Prescott was appointed as an Adjunct Distinguished Economic Professor at the Australian National University (ANU) in Canberra, Australia.

Other websites[change | change source]

  • Federal Reserve Bank of Minneapolis
  • Nobel Foundation
  • "Edward C. Prescott (1940– )". The Concise Encyclopedia of Economics. Library of Economics and Liberty (2nd ed.). Liberty Fund. 2008.


  1. Timothy J. Kehoe Workshop