Edward C. Prescott and Finn Kydland Won Nobel Prize in Economics - 2004
Edward Prescott of the University of Arizona has been affiliated with the NBER since 1988. He is a member of the Program on Economic Fluctuations and Growth. Finn Kydland, who is now at the University of California, Santa Barbara, became an affiliate of NBER in 2008. He is a member of the Program on Economic Fluctuations and Growth.
Prescott and Kydland shared the 2004 Nobel Prize in Economics. They were awarded the prize for their research on central banking and on the causes of business cycles.