Carl H. Lindner College of BusinessCarl H. Lindner College of BusinessUniversity of Cincinnati

Carl H. Lindner College of Business

2010 James C. Kautz Lecture Features Nobel Prize Winner

Submitted: 12/8/2010 15:07:27
  • Economist and Nobel laureate Edward C. Prescott presented at the 2010 James C. Kautz Lecture in Political Economy, hosted by the University of Cincinnati Department of Economics.

On October 21, 2010 the Department of Economics at the University of Cincinnati hosted the 2010 James C. Kautz Lecture in Political Economy, featuring Nobel Prize winner Edward C. Prescott, W. P. Carey Chair of Economics at Arizona State University.

In 2004, Prescott won the Nobel Prize in Economics for his contributions to two areas of dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycle fluctuations. He shares the award with Finn E. Kydland, Henley Professor of Economics at the University of California, Santa Barbara.

Prescott received a bachelor's degree in mathematics from Swarthmore College, a master's degree in operations research from Case Western Reserve University and a PhD in economics at Carnegie Mellon University. He has taught economics at universities across the country, including University of Pennsylvania, Carnegie Mellon University, University of Minnesota, Northwestern University, University of Chicago and, most recently, Arizona State University.

Prescott was named an adviser to the Federal Reserve Bank of Minneapolis in 1980. In addition, he is a fellow of the Brookings Institution, the Guggenheim Foundation, the Econometric Society and the American Academy of Arts and Sciences. He has been a research associate at the National Bureau of Economic Research since 1988.

Prescott has influenced the monetary and fiscal policies of many governments and laid the basis for the increased independence of numerous central banks, notably those in Sweden, New Zealand and the United Kingdom.

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