The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2004

Finn E. Kydland

Photo from the Nobel Foundation archive.

Prize share: 1/2

Edward C. Prescott

Photo from the Nobel Foundation archive.

Prize share: 1/2

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2004 was awarded jointly to Finn E. Kydland and Edward C. Prescott "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles"

To cite this section
MLA style: The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2004. NobelPrize.org. Nobel Prize Outreach 2025. Fri. 18 Jul 2025. <https://www.nobelprize.org/prizes/economic-sciences/2004/summary/>

Back to top Back To Top Takes users back to the top of the page

Nobel Prizes and laureates

Nobel Prizes 2024

Six prizes were awarded for achievements that have conferred the greatest benefit to humankind. The 12 laureates' work and discoveries range from proteins' structures and machine learning to fighting for a world free of nuclear weapons.

See them all presented here.

Illustration

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.