NBER Reporter: Winter 2005
NBER Researcher Shares Nobel Prize in Economics
NBER Research Associate Edward C. Prescott of the University of Arizona will share the 2004 Nobel Prize in Economics with Finn Kydland.
Prescott has been affiliated with the NBER since 1988 and is a member of the Program on Economic Fluctuations and Growth. He and Kydland were awarded the prize for their research on central banking and on the causes of business cycles.
He now joins a long list of NBER researchers who have received the Prize, including: Robert F. Engle, 2003; George Akerlof, Michael Spence, and Joseph E. Stiglitz in 2001; James J. Heckman and Daniel L. McFadden, 2000; Robert C. Merton and Myron S. Scholes, 1997; Robert E. Lucas, Jr., 1995; and Robert W. Fogel, 1993. Other NBER researchers who have won the Nobel Prize in Economics are Simon S. Kuznets, Milton Friedman, Theodore W. Schultz, George J. Stigler, and Gary S. Becker.