why Kydland and Prescott ? (zz)# Economics - 经济
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Finn Kydland of Norway and Edward Prescott of the United States have won the
Nobel economics prize for research that laid the groundwork for more
independent central banks and explained business cycles.
"Their work has not only transformed economic research, but has also
profoundly influenced the practice of economic policy in general, and monetary
policy in particular," the Royal Swedish Academy of Sciences said in its
citation on Monday.
"It is a great honour and recognition -- in fact the hig
Nobel economics prize for research that laid the groundwork for more
independent central banks and explained business cycles.
"Their work has not only transformed economic research, but has also
profoundly influenced the practice of economic policy in general, and monetary
policy in particular," the Royal Swedish Academy of Sciences said in its
citation on Monday.
"It is a great honour and recognition -- in fact the hig