Edward C. Prescott
American economist (1940–2022) / From Wikipedia, the free encyclopedia
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Edward Christian Prescott (December 26, 1940 – November 6, 2022) was 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. According to the IDEAS/RePEc rankings, he was the 19th most widely cited economist in the world in 2013.[2] In August 2014, Prescott was appointed an Adjunct Distinguished Economic Professor at the Australian National University (ANU) in Canberra, Australia. Prescott died of cancer on November 6, 2022, at the age of 81.[3][4][5]
Edward C. Prescott | |
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Born | (1940-12-26)December 26, 1940 Glens Falls, New York, U.S. |
Died | November 6, 2022(2022-11-06) (aged 81) Paradise Valley, Arizona, U.S. |
Academic career | |
Institution |
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School or tradition | New classical economics |
Alma mater | |
Doctoral advisor | Michael C. Lovell |
Doctoral students | |
Influences | |
Contributions | |
Awards | Nobel Prize in Economics (2004) |
Information at IDEAS / RePEc | |
Academic background | |
Thesis | Adaptive decision rules for macro economic planning (1967) |