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Contact: Patti Lorenzen
Media Representative
612-204-5261
Patti.Lorenzen@mpls.frb.org

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Edward C. Prescott Awarded 2004 Nobel Prize in Economics

MINNEAPOLIS, October 11, 2004

Edward C. Prescott

“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

Colleague Comments

Statements from Gary H. Stern and Other Minneapolis Fed Colleagues

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

Research by Edward C. Prescott

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