Edward C. Prescott

At-a-Glance

Awarded the 2004 Nobel Memorial Prize in Economics for contributions to dynamic macroeconomics.
Served as an economic advisor at the Federal Reserve Bank of Minneapolis since 1981.
Professor at Arizona State University's W. P. Carey School of Business from 2003.
Co-developed the Hodrick–Prescott filter, used to smooth fluctuations in a time series.
Earned a PhD in economics from Carnegie Mellon University in 1967.

Biography

Edward C. Prescott was an American economist who received the Nobel Memorial Prize in Economics in 2004. He shared the award with Finn E.

Kydland for their contributions to dynamic macroeconomics, specifically their work on the time consistency of economic policy and the driving forces behind business cycles. This research was primarily conducted while both were affiliated with Carnegie Mellon University.