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Edward C. Prescott

Edward C. Prescott was awarded the Nobel Prize in Economic Sciences jointly with Finn Kydland in 2004. Professor Prescott is the W. P. Carey Professor of Economics and the Director of the Center for the Advanced Study in Economic Efficiency at Arizona State University. 

He is also a Senior Monetary Adviser at the Federal Reserve Bank of Minneapolis.

Professor Prescott’s, Nobel laureate, work has altered the course of macroeconomic thinking in the past three decades. He was lauded for a lifetime of original thinking that has addressed some of the most important long-standing questions in macroeconomics.
Professor Prescott is a co-editor of Economic Theory and a research associate for the National Bureau of Economic Research. He is a former president of the Society of Economic Dynamics and Control and Society for the Advancement of Economic Theory and a former associate editor of the Journal of Economic Theory, International Economic Review and the Journal of Econometrics.

He has authored more than 70 principal articles, addressing topics like business cycles, economic development, general equilibrium theory, banking and finance and economic policy. He is a fellow of the Econometric Society and a fellow of the American Academy of Arts and Science.