Finn Kydland and Edward Prescott: Business Cycles and Time-consistent Economic Policy
AbstractFinn Kydland and Edward Prescott have made fundamental contributions to the research area known as macroeconomics. In a highly innovative way, the Laureates have analyzed the design of economic policy and the driving forces behind business cycles. Their work has not only transformed economic research, but has also profoundly influenced the practice of economic policy in general, and monetary policy in particular.
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Bibliographic InfoPaper provided by Nobel Prize Committee in its series Nobel Prize in Economics documents with number 2004-2.
Length: 1 pages
Date of creation: 11 Oct 2004
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Web page: http://www.nobelprize.org
Business Cycles; Time Consistency;
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