RISE Lecture Series -- Nobel Laureate Edward C. Prescott (Arizona State University)

On November 1st, 2018, RISE hosted Nobel Laureate in Economic Sciences Edward C. Prescott to give a lecture on "Money in the Production Function: Some of the Policy Implications" in the BioScience Research Collaborative auditorium at Rice University. Edward Prescott is professor of economics and the W.P. Carey Chair in the W.P Carey School of Business at Arizona State University. He also serves as Senior Monetary Adviser for the Federal Reserve Bank of Minneapolis. He is an aggregate economist theorist who develops and applies dynamic economic theory to problems in financial economics, economic fluctuations, public finance, growth and development, and international economic areas. Prescott and Finn Kydland were jointly awarded the 2004 Nobel Memorial Prize in Economics Sciences for "their contributions to dynamic macroeconomics: the time inconsistency of economic policy and the driving forces behind business cycles. The Rice Initiative for the Study of Economics (RISE) was established to create an environment for research and teaching that will enhance the role of Rice University as one of the leading institutions in the world for the study of economics.