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Sept. 15, 2008

Contact Gary Klein at 608-796-3074 or


LA CROSSE, Wis. – Edward Prescott, winner of the 2004 Nobel Prize in Economics and the Senior Monetary Adviser at the Federal Reserve Bank of Minneapolis, will present “Global Outlook: An Optimistic View” at Viterbo University Monday, Sept. 29 at 7:30 p.m. in the Fine Arts Center Lobby.

The event is free and open to the public. In this time of economic uncertainty, Prescott’s lecture will provide a poignant and timely look into our global economy and the field of economics.

“This is an excellent opportunity for students and guests to gain an unique
perspective on global economic issues that have an impact on our national and local economy,” said Viterbo Dahl School of Business faculty member James Murray.

Prescott earned a Ph.D. from Carnegie Mellon University and holds the W.P. Carey Chair in Economics in the W.P. Carey School of Business at Arizona State University. Prior to his career at Arizona State, he held faculty positions at the University of Minnesota, the University of Chicago, Carnegie Mellon University, and the University of Pennsylvania.

Prescott was awarded his 2004 Nobel Prize jointly with Finn Kydland “for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles.” Prescott has received a number of other prestigious honors, including the 2002 Erwin Plein Nemmers Prize in Economics. He has also been elected to the National Academy of Sciences and elected a Fellow of the American Academy of Arts and Sciences.

In addition to his expertise in macroeconomics, he is noted for his contributions in general equilibrium theory, financial economics, and banking. He has also co-authored a book, Barrier to Riches, and has co-edited four others.

The event is sponsored by Viterbo University, North Central Trust Company, and an anonymous benefactor.

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