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 Media AB 2021. Fri. 22 Jan 2021. <https://www.nobelprize.org/prizes/economic-sciences/2004/summary/>

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

Learn more

Nobel Prizes 2020

Twelve laureates were awarded a Nobel Prize in 2020, for achievements that have conferred the greatest benefit to humankind.

Their work and discoveries range from the formation of black holes and genetic scissors to efforts to combat hunger and develop new auction formats.

See them all presented here.
Nobel Prizes 2020 graphics

Explore prizes and laureates

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