- Edward Simpson “Ned” Prescott
- Federal Reserve Bank of Cleveland
- Senior Professional Economist
Edward "Ned" S. Prescott is a senior professional economist in the research department of the Federal Reserve Bank of Cleveland. His research focuses on banking, financial markets and contract theory. Prior to joining the Cleveland Fed in 2015, he was a vice president and economist in the research department of the Federal Reserve Bank of Richmond. In spring of 2004, he visited the Bank of Spain and was a visiting professor at CEMFI in Madrid. He also taught at the University of Virginia. Prescott is an associate editor of Economic Theory and the Journal of Financial Services Research. He has published articles in journals such as the Journal of Political Economy, the Review of Economic Studies, and the Review of Financial Studies. He holds a Bachelor of Arts degree from Swarthmore College and a Ph.D. in economics from the University of Chicago.