Nobel Prize

Finn E. Kydland, Tepper School of Business, Carnegie Mellon Edward C. Prescott, Federal Reserve Bank of Minneapolis Original Papers Kydland, F. and E. Prescott (1977), “Rules rather than discretion: The inconsistency of optimal plans”, Journal of Political Economy 85, pp. 473-490. Kydland, F. and E. Prescott (1982), “Time to build and aggregate fluctuations”, Econometrica 50,…

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Your Majesties, your Royal Highnesses, Ladies and Gentlemen The great economist John Maynard Keynes once wrote: “If economists could manage to get themselves thought of as humble, competent people on a level with dentists, that would be splendid.” 83 years and much research later, we would perhaps aspire to be compared with…

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Artist: Susanne Jardeback Calligrapher: Annika Rücker Book binder: Ingemar Dackéus Photo reproduction: Lovisa Engblom

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by Assar Lindbeck Introduction In conjunction with its tercentenary celebrations in 1968, Sveriges Riksbank (the central bank of Sweden) instituted a new award, “The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel” on the basis of an economic commitment by the bank in perpetuity. The award is given by the Royal Swedish…

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