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	Prescott, Edward C. - Search View - MSN Encarta
		Edward Prescott, born in 1940, Nobel Prize-winning economist noted for his contributions to macroeconomics, notably his theories regarding the business cycle and how fluctuations in short-term economic policies can negatively impact long-term goals.
		Instead, Prescott and Kydland put forward the theory that demand is constant and that the business cycle is due to changes that affect supply, such as a sharp decrease in the oil supply, leading to recession, or a technological innovation that boosts productivity, leading to growth.
		Prescott and Kydland argued that government institutions, ranging from patent offices to central banks, need to be consistent in their policies over time so that long-term goals, such as controlling inflation, can be achieved.
	encarta.msn.com /text_701702513__1/Prescott_Edward_C.html (532 words)

	W. P. Carey School of Business - Edward Prescott Nobel Prize in Economics
		Edward C. Prescott, the W. Carey Chair of Economics in the W. Carey School of Business and a senior monetary advisor at the Minneapolis Federal Reserve Bank, has been awarded the 2004 Nobel Prize in economic sciences, the first-ever Nobel Prize received by an Arizona State University scholar.
		Prescott, who is part of the W. Carey School’s department of economics, is known for his seminal work in policy analysis, business cycles, economic development, general equilibrium theory, and finance.
		Although Prescott connects the adoption of technology to a country’s ability to prosper, he is unwilling to accept the advanced technology of the whiteboard.
	wpcarey.asu.edu /ecn/prescott_nobel.cfm (924 words)

	ASU's Prescott wins Nobel prize in economics \| EastValleyTribune.com
		Prescott is one of a group of about a dozen strategic faculty members recruited by ASU President Michael Crow to increase the prestige and research capabilities of the university.
		Prescott won the Erwin Plein Nemmers Prize in Economics in 2002 from Northwestern University, which is often viewed as a precursor to the Nobel economics prize.
		Prescott published a book in 2000, ‘‘Barriers to Riches,’’ in which he made the argument that a key reason for disparities in living standards among countries worldwide is impediments to adopting technology.
	www.eastvalleytribune.com /index.php?sty=29593 (903 words)

	What's Behind Edward C. Prescott's Nobel Prize? - Knowledge@Wharton
		Prescott, who was influenced early on by Lucas, had arrived at Carnegie Mellon as a graduate student in 1963, the same year Lucas joined the university as an assistant professor.
		The research Prescott and Kydland did on time-inconsistency led to a focus on how central banks could be strengthened and made more independent in order to ensure their credibility in the face of short-term changes in the economy.
		When Prescott and Kydland wrote their paper, the belief was that business cycles were driven by demand shocks such as a collapse of consumer confidence, which meant that monetary policy could play a significant role in smoothing out the business cycle and alleviating those shocks.
	knowledge.wharton.upenn.edu /article/1082.cfm (2725 words)

	Previous Recipients, Nemmers Prizes, Office of the Provost, Northwestern University
		Edward C. Prescott, Regents Professor at the University of Minnesota and senior economic advisor to the Federal Reserve Bank of Minneapolis, is widely regarded as one of the intellectual leaders of the rational expectations movement within modern macroeconomics.
		Prescott received his bachelor's degree in mathematics from Swarthmore College in 1962, his master's degree in operations research from Case-Western University in 1963, and his Ph.D. in economics from Carnegie-Mellon University in 1967.
		Prescott is a co-editor of Economic Theory and a research associate for the National Bureau of Economic Research.
	www.northwestern.edu /provost/awards/nemmers/nemprecon.html (2215 words)

	Case alum shares Nobel Prize in Economic Science
		Edward C. Prescott, a 1964 master’s of science graduate in operations research from Case Western Reserve University, shares the 2004 Nobel Prize in Economic Science with Finn E. Kydland from Carnegie Mellon University and the University of California at Santa Barbara for their theory on business cycles and economic policies.
		Prescott is currently the W. Carey Chair and professor of economics at Arizona State University’s W. Carey School of Business and a senior monetary advisor at the Minneapolis Federal Reserve Bank.
		Edward Prescott's research, even in the past decade, has complimented basic theory with the development of methods to compute the effects of alternative economic policies.
	www.case.edu /news/2004/10-04/nobel_prescott.htm (925 words)

	ASU News & Information from the Office of Media Relations and Public Information
		Dr. Edward C. Prescott, whose work has shaped current thinking in macroeconomics and whose doctoral students are stars at universities nationwide, joined the economics faculty of the W. Carey School of Business at Arizona State University effective Oct. 3.
		Prescott is one of a small circle of scholars who have altered the course of macroeconomic thinking in the past three decades.
		Prescott is also revered for his teaching, especially at the graduate level.
	www.asu.edu /news/campus/prescott_100703.htm (829 words)

	Edward C. Prescott - Karr.net (Karr Network) (Site not responding. Last check: 2007-10-12)
		Edward C. Prescott (born 26 December 1940) is an American economist.
		He received the Nobel Memorial 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".
		This research was primarily conducted while both Kydland and Prescott were affiliated with the Graduate School of Industrial Administration (now Tepper School of Business) at Carnegie Mellon University.
	209.68.55.246 /encyclopedia/Edward_C._Prescott (646 words)

	Edward C. Prescott: One on One Interview
		Edward C. Prescott is an economics professor at Arizona State University, and for 23 years has been a research adviser at the Federal Reserve Bank of Minneapolis.
		Prescott and Kydland’s 1977 paper, “Rules Rather Than Discretion: The Inconsistency of Optimal Plans,” found that since individuals and firms make decisions based on their expectations about future policy decisions, selecting the policy action that is best in the current situation does not result in best outcomes.
		Prescott: The independence of the Fed was attacked by President Clinton in 1996 or 1997.
	www.fenews.com /fen41/one_on_one/one_on_one.html (2628 words)

	W. P. Carey School of Business - Edward C. Prescott: Change Agent in Macroeconomic Thought
		Edward C. Prescott, Nobel laureate, whose work has altered the course of macroeconomic thinking in the past three decades, anchors the Department of Economics.
		Professor Prescott is also a senior advisor in the research department at the Federal Reserve Bank of Minneapolis, a position he retains while on the faculty at the W. Carey School of Business.
		Also in 2002, he was awarded the Erwin Plein Nemmers Prize in Economics, a prestigious honor for economists for "major contributions to new knowledge or the development of significant new modes of analysis." It is intended that the contributions be of the quality associated with the highest achievements in the profession.
	wpcarey.asu.edu /ecn/prescott.cfm (462 words)

	ASU professor wins Nobel Prize
		Edward C. Prescott’s win is the first-ever Nobel Prize by an Arizona State scholar.
		Kydland and Prescott made fundamental contributions to both those areas, not only in macroeconomic analysis, but also for the practice of monetary and fiscal policy in many countries, the Royal Swedish Academy of Sciences said in its citation.
		Prescott said vast progress is being made in the field of economics.
	www.azcentral.com /12news/news/articles/1011NobelEconomics11-ON-CP.html (607 words)

	The New York Times > International > American and Norwegian Share Economics Nobel
		Edward C. Prescott, 63, of the United States, and Finn E. Kydland, 60, of Norway, shared the Nobel economics prize today for their research into business cycles that changed monetary policy in many countries.
		Today's prizewinners, Edward C. Prescott, 63, who was born in Glens Falls, N.Y., and Finn E. Kydland, 60, of Norway, laid the groundwork for more robust models that regarded business cycles as the result of "decisions made by individual households and firms regarding consumption, investments, labor supply, etc.," the academy said.
		Prescott, a professor at the W. Carey School of Business at Arizona State University in Tempe and a researcher at the Federal Reserve Bank in Minneapolis, and Mr.
	www.nytimes.com /2004/10/11/international/11WIRE-NOBE.html?ei=5088&en=f18c60991de9f809&ex=1255233600&adxnnl=1&partner=rssnyt&adxnnlx=1133204665-kZ57liJieO7Mx0jT6iEXrQ (610 words)

	Prize validates ASU drive to attract top faculty \| EastValleyTribune.com
		Prescott holds the W. Carey Chair of Economics in the W. Carey School of Business and a senior monetary adviser at the Federal Reserve Bank of Minneapolis.
		Kydland and Prescott made fundamental contributions in the practice of monetary and fiscal policy in many countries, according to http:/ /nobelprize.org.
		Prescott went on to say he doesn’t see why ASU can’t become a major research university, adding that there is a lot of talent and enthusiasm.
	www.eastvalleytribune.com /index.php?sty=29536 (491 words)

	Prescott NewsLink V9N1 Fall 2004 (Site not responding. Last check: 2007-10-12)
		Edward Prescott is the co-winner of the 2004 Nobel Prize in Economics.
		Prescott and Kydland won this year’s Nobel for their work on the “time inconsistency problem” and business cycles.
		In a seminal paper published last February, Prescott found that Europeans work less than Americans for reasons that go beyond cultural differences and the mandated European 35-hour-work week.2 In fact, during the early 1970s Europeans actually worked slightly more than Americans.
	www.beaconhill.org /NewsLink/NLV91/v9n1ChartPrescottA.html (584 words)

	Ed Prescott Web Quotes
		Edward Prescott is the W.D. Carey Chair in Economics at Arizona State University, and Senior Monetary Advisor, Federal Reserve Bank of Minneapolis.
		The Royal Swedish Academy of Sciences awarded the 2004 Nobel Prize in Economic Sciences 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.
		Ed Prescott has made fundamental contributions to these areas, with great significance not only for macroeconomic analysis, but also for the practice of monetary and fiscal policy in many countries.
	www.trinity.edu /nobel/Prescott/Prescott_Webquotes.htm (520 words)

	W. P. Carey - Press Room
		Prescott was lauded for a lifetime of original thinking that has addressed some of the most important long-standing questions in macroeconomics.
		Prescott, who thinks long and carefully before answering any question, enjoys dialogues with students about economic questions.
		Prescott earned a earned a bachelor’s degree in mathematics from Swarthmore College, a master of science in operations research from Case-Western Reserve University and a Ph.D. in economics from Carnegie-Mellon University.
	www.wpcarey.com /about/pressdetail.aspx?id=000037825421 (938 words)

	The Rugged Elegance Inspiration Network: 2004 Nobel Prize for Economics Goes to Finn Kydland of Norway and Edward ...
		Edward C. Prescott was born in Glen Falls, New York, in 1940.
		Prescott has won a number of prestigious awards and honors over the years, including winning a Guggenheim fellowship in 1974-75, becoming a fellow at the Econometric Society in 1980 and of the American Academy of Arts and Sciences in 1992.
		Prescott led to a fundamental re-thinking of the economic theories of British economist John Maynard Keynes, who said the Great Depression of the 1930s was caused primarily by a decline in demand by consumers and businesses.
	www.ruggedelegantliving.com /a/003117.html (1108 words)

	Omnipelagos.com ~ article "Edward C. Prescott" (Site not responding. Last check: 2007-10-12)
		Edward C. Prescott, born 26 December 1940 in Glens Falls, New York, received the Nobel Memorial 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".
		This research was primarily conducted while both Kydland and Prescott were affiliated with the Graduate School of Industrial Administration at Carnegie Mellon University.
		In 1962, Prescott received his bachelor's degree in mathematics from Swarthmore College, where he was a member of the Delta Upsilon fraternity.
	www.omnipelagos.com /entry?n=edward_%43._%50rescott (344 words)

	UTC \| News
		Prescott received the Nobel Prize in Economics for “contributions to dynamic macroeconomics, the time consistency of economic policy, and the driving forces behind business cycles.” His work has altered the course of macroeconomic thinking in the past three decades.
		Prescott is currently Senior Monetary Advisor for the Federal Reserve Bank of Minneapolis, and holds the W.P. Carey Chair in Economics at Arizona State University.
		Prescott was also named a fellow of the American Academy of Arts and Sciences, and The Econometric Society, and a Guggenheim Fellow.
	www.utc.edu /news/prescott2.php (538 words)

	Prescott to receive Nobel Prize during festivities
		Prescott and Kydland were lauded by the Nobel Prize committee “for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles.”
		Edward Prescott, ASU first Nobel Prize winner, is honored during halftime of the ASU-UCLA football game.
		Known for his work on growth theory and time inconsistency, Prescott is one of a small circle of scholars who have altered the course of macroeconomic thinking in the past three decades.
	www.asu.edu /feature/fall04/prescott-nobel.html (554 words)

	Finn E. Kydland and Edward C. Prescott win![中国经济学教育科研网经济学论坛] (Site not responding. Last check: 2007-10-12)
		Finn Kydland and Edward Prescott have made fundamental contributions to these areas of great significance, not only for macroeconomic analysis, but also for the practice of monetary and fiscal policy in many countries.
		Kydland and Prescott's results offered a common explanation for events that, until then, had been interpreted as separate policy failures, e.g., that economies become trapped in high inflation even though price stability is the stated objective of monetary policy.
		Well-Known Articles by Edward C. Prescott: "Time to Build and Aggregate Fluctuations" is one of the most highly read journal articles from the last 30 years.
	bbs.cenet.org.cn /dispbbs.asp?boardID=92510&ID=47148&page=90 (876 words)

	Department of Economics - W. P. Carey School of Business -
		Edward C. Prescott Awarded 2004 Nobel Prize in Economics
		Edward C. Prescott, whose work has altered the course of macroeconomic thinking in the past three decades, anchors the Department of Economics.
		Professor Prescott is also a senior advisor in the research department at the Federal Reserve Bank of Minneapolis, a position he retains while on the faculty at the W. Carey School of Business [Full Announcement]
	www.cob.asu.edu /ecn (215 words)

	Kydland, Prescott win Economics Nobel
		The 2004 Nobel Prize for Economics was jointly won by Finn E Kydland (right) of Norway and Edward C Prescott (left) of the United States on Monday.
		Finn E. Kydland is a professor at the Carnegie Mellon University, Pittsburgh and University of California, Santa Barbara, USA, while Edward C. Prescott is a professor at the Arizona State University, Tempe, and Federal Reserve Bank of Minneapolis, USA.
		Edward C. Prescott, born 1940 in Glen Falls, NY, USA, got his Ph.D. from Carnegie Mellon University, Pittsburgh in 1967.
	www.rediff.com /money/2004/oct/11nobel.htm (288 words)

	China's New Market Economy - Knowledge@W. P. Carey
		Carey Professor and Nobel Laureate Edward C. Prescott set the stage with an exposition of his ideas on the nature of the barriers to creating wealth.
		Edward C. Prescott, the 2004 Nobel Prize laureate in economics and professor at the W. Carey School of Business, estimates that
		Prescott believes the answer is not to be found in conventional economic theories on trade volumes or comparative advantage.
	knowledge.wpcarey.asu.edu /index.cfm?fa=SpecialSection&specialId=19 (649 words)

	health Edward_C _Prescott - health-notes.com (Site not responding. Last check: 2007-10-12)
		James Prescott Joule, English physicist, after whom the SI unit of work, the joule, is named
		Prescott and Northwestern Railroad, a railroad in southwest Arkansas.
		Prescott College, a small liberal arts school in Prescott, Arizona specializing in environmental studies
	www.health-notes.com /Edward_C._Prescott (321 words)

	ASU Research E-Magazine: Nobel Prize to ASU Economist
		Prescott is the first Nobel Prize laureate to be chosen from the faculty of Arizona State University.
		Prescott came to ASU in 2003 after more than 20 years as a professor at the University of Minnesota.
		When it was first published in 1977, Prescott and Kydland’s work turned economic thinking sharply away from the Keynesian principles that dominated the discipline in the decades after World War II.
	researchmag.asu.edu /stories/nobel.html (450 words)

	MSB - Center for Investment Studies (CIS)
		Professor Edward C. Prescott, who in the last thirty years has transformed the methods of macroeconomic thinking, currently holds the W.P. Carey Chair Professor in the Department of Economics at the W.P. Carey School of Business of Arizona State University.
		Professor Prescott’s research has involved diverse areas of studies such as business cycles and economic development, general equilibrium theory, methodology and policy and finance.
		In addition, Professor Prescott is a senior advisor at the Federal Reserve Bank of Minneapolis and a research associate at the National Bureau of Economic Research.
	www.marshall.usc.edu /cis/rsvp/edwardprescott/rsvp.cfm?CFID=1461325&CFTOKEN=77866953 (244 words)

	Edward C. Prescott at IDEAS
		This is information that was supplied by Edward Prescott in registering through RePEc.
		If you are Edward C. Prescott, you may change this information at RePEc.
		Hopenhayn, Hugo A & Prescott, Edward C, 1992.
	ideas.repec.org /e/ppr10.html (4747 words)

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