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Nobel Prize in Economics
Oct. 11th, 2004 03:08 pmPrescott, Kydland Win Nobel Prize in Economics
Oct. 11 (Bloomberg) -- Edward C. Prescott and Finn E. Kydland won this year's Nobel prize in economics for work that recognized the importance of productivity in business cycles and encouraged central banks to set long-term goals for fighting inflation.
Prescott, 63, a professor at Arizona State University in Tempe, and Kydland, 60, a Norwegian who teaches at Carnegie Mellon University in Pittsburgh and the University of California in Santa Barbara, will share a $1.4 million prize, said the Royal Swedish Academy of Sciences, which selects the winners. The men have collaborated since Prescott was Kydland's graduate adviser.
( Read More )
Oct. 11 (Bloomberg) -- Edward C. Prescott and Finn E. Kydland won this year's Nobel prize in economics for work that recognized the importance of productivity in business cycles and encouraged central banks to set long-term goals for fighting inflation.
Prescott, 63, a professor at Arizona State University in Tempe, and Kydland, 60, a Norwegian who teaches at Carnegie Mellon University in Pittsburgh and the University of California in Santa Barbara, will share a $1.4 million prize, said the Royal Swedish Academy of Sciences, which selects the winners. The men have collaborated since Prescott was Kydland's graduate adviser.
( Read More )
