Dr. Edward Prescott was awarded the Nobel Prize for contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles. He is currently working as an economist at the Federal Reserve Bank of Minneapolis and a Professor at Arizona State University's School of Business.
Edward Prescott received his bachelor's degree in Mathematics from Swarthmore College, a master's degree from Case Western Reserve University and a Ph.D. at Carnegie Mellon University. He has held teaching positions at the University of Minnesota, the University of Chicago, Carnegie-Mellon University, and the University of Pennsylvania. He is a coeditor of Economic Theory and a research associate for the National Bureau of Economic Research. He is a former president of the Society of Economic Dynamics and a former associate editor of the Journal of Economic Theory, International Economic Review and the Journal of Econometrics.