Finn E. Kydland

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Finn Erling Kydland
Kydland.jpg
Finn Erling Kydland 2004.
Born (1943-12-01) 1 December 1943 (age 70)
Ålgård near Stavanger
Nationality Norway
Field Macroeconomics
School/tradition New classical economics
Alma mater Norwegian School of Economics (BSc)
Carnegie Mellon University (PhD)
Influences Edward C. Prescott
David Cass
Contributions Real Business Cycle Theory
Time consistency in economic policy
Information at IDEAS/RePEc

Finn Erling Kydland (born 1 December 1943) is a Norwegian economist. He is the Henley Professor of Economics[1] 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., and a part-time position at the Norwegian School of Economics (NHH) . 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".

Biography[edit]

Early years[edit]

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 BSc from 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.

Scholarship[edit]

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 2004, when he became a faculty member of the University of California, Santa Barbara and founded the Laboratory for Aggregate Economics and Finance (LAEF) at this same institution.[2] He is a Research Associate for the Federal Reserve Banks of Dallas, Cleveland and St. Louis, and a Senior Research Fellow at the IC2 Institute at the University of Texas at Austin. He is also an Adjunct Professor at the NHH, and has held visiting scholar and professor positions at, among other places, the Hoover Institution and the Universidad Torcuato di Tella in Buenos Aires, Argentina.

Personal life[edit]

Kydland was married to Liv Kjellevold in 1968 with whom he had four children; sons, Jon Martin and Eirik Tomas, daughters, Camilla, and Kari. He is now married to Tonya Schooler.[3]

Honours and awards[edit]

References[edit]

External links[edit]