2004
Edward C Prescott
Picture
(1940 - 0)
Nationality
USA
Area of specialisation
Macro economics
Price Motivation
For his contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind the business cycles
Affiliation at the time of Award
Arizona state university, Tempe, AZ, USA ,Federal Reserve Bank of Minneapolis, Minneapolis ,MN,USA
CONTRIBUTION
1 He showed that economic policies are often plagued by problems of time inconsistency. Demonstrated that society could gain from prior commitment to economic policy. Introduced new ideas about economic policy design and the driving forces behind business cycles
PUBLICATIONS
1 Monetary Policy With100 percentage Reserve Banking: An Exploration (2016).