“On behalf of myself and the Federal Reserve Bank of Minneapolis, I wish to extend heartfelt congratulations to Ed on this well-deserved award. Ed's contributions to economics have not only fueled advances in theoretical work, but have also had profound impacts at a policy level—as we at the Minneapolis Fed know from personal experience. ...” Gary H. Stern More The 2004 Bank of Sweden Prize in Economic Sciences awarded to Finn Kydland and Edward Prescott “for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles.” More [Nobel Site]
The Transformation of Macroeconomic Policy and Research,
Edward Prescott's Nobel Prize Lecture [Nobel Site]
Nobel Laureates at the White House [WhiteHouse.gov]
Edward C. Prescott Awarded 2004 Nobel Prize in Economic Sciences,
Arizona State University
Publications and Research
The Transformation
of Macroeconomic Policy and Research,
Nobel Lecture by Edward C. Prescott,
2004 Annual Report,
Federal Reserve Bank of Minneapolis
Edward Prescott Awarded Nobel Prize, The Region, December 2004
A Model Celebration, The Region, December 2004
Interview with Edward C. Prescott, The Region, September 1996
European Vacation
There's a simple reason
Americans work longer hours
than Europeans, says economist
Ed Prescott. And it isn't what you think, The Region, December 2003
The Stock Market:
Too High? Too Low? Just Right.
Two Fed economists argue that the historically high market levels of early 2000 were fully justified by theory, and they explain why the market was lower in the past, The Region, June 2001