| Edward C. Prescott |
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Edward C. Prescott, born at Carnegie Mellon University . Currently working as an economist at the with Finn E. Kydland , he analyzed whether central banks should have strict numerical targets or be allowed to use their discretion in setting Monetary Policy . He is also well known for his work on the Hodrick-Prescott Filter , used to smooth fluctuations in a time series. In , he has been teaching at Arizona State. Currently, he is the Shinshei Bank Visiting Professor at New York University . AWARDS, FELLOWSHIPS
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