The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2004

Date 11/10/2004

The Royal Swedish Academy of Sciences has decided to award the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2004 jointly to:

  

Finn E. Kydland Carnegie Mellon University, Pittsburgh and University of California, Santa Barbara, USA, and
 
Edward C. Prescott Arizona State University, Tempe, and Federal Reserve Bank of Minneapolis, USA

 

"for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles".

 

Read more on The Royal Swedish Academy of Sciences website, see link below.