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| known_for = [[Real Business Cycle Theory]]</br>[[Time consistency]] in [[economic policy]] |
| known_for = [[Real Business Cycle Theory]]</br>[[Time consistency]] in [[economic policy]] |
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| prizes = [[Nobel Prize in Economics]] (2004) |
| prizes = [[Nobel Prize in Economics|Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel]] (2004) |
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Revision as of 09:13, 17 October 2007
Finn E. Kydland | |
|---|---|
 Photo: White House, 2004 | |
| Born | 1943 |
| Nationality |  Norwegian |
| Alma mater | Carnegie Mellon University NHH |
| Known for | Real Business Cycle Theory Time consistency in economic policy |
| Awards | Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (2004) |
| Scientific career | |
| Fields | Economics |
| Institutions | Carnegie Mellon University UC Santa Barbara |
| Doctoral advisor | Edward C. Prescott |
Finn Erling Kydland (born 1943) is a Norwegian economist. He is currently the Henley Professor of Economics at the University of California, Santa Barbara. He also holds the Richard P. Simmons Distinguished Professorship at the Tepper School of Business of Carnegie Mellon University, where he earned his Ph.D. Kydland was a co-recipient of the 2004 Nobel Memorial Prize in Economics (shared with Edward C. Prescott), "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles".
Life and education
Kydland grew up as the eldest of six siblings at the family farm in Søyland, Gjesdal, which is located in the Jæren farming region in Rogaland county, southwestern Norway. He recalls having had a liberal upbringing, his parents not imposing many limitations on their children. Finn Kydland became interested in mathematics and economics as a young adult, after he did some bookkeeping at a friend's mink farm.
With a freshly awakened interest in theoretical economics, Kydland earned a B.S. from the Norwegian School of Economics (NHH) in 1968 and a Ph.D. in economics from Carnegie Mellon in 1973, dissertation: Decentralized Macroeconomic Planning. After his Ph.D. he returned to NHH as an assistant professor. In 1978 he moved back to Carnegie Mellon as an associate professor. He has been living in the US since then.
Aside from work, he nurtures a deep interest in blues music, and also in keeping fit; he has run the marathon four times, and enjoys playing and watching soccer. His favorite soccer team is Boca Juniors. He frequently rides his Ducati motorcycle.
Scholarship
Kydland's areas of expertise are economics in general and political economy. His main areas of teaching and interest are business cycles, monetary and fiscal policy and labor economics. He joined the faculty of Carnegie Mellon University in 1977, where he served as a Professor of Economics until July 1, 2004, when he became a visiting faculty member at the University of California, Santa Barbara. He is also an Adjunct Professor at NHH, Norway, and consults as a Research Associate at the Federal Reserve Banks of Dallas, Minneapolis and Cleveland.
Awards, fellowships
- Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (2004)
- Fellow, Econometric Society (1992– )
- John Stauffer National Fellowship, Hoover Institution (1982–1983)
- Alexander Henderson Award, Carnegie Mellon (1973)