Finn E. Kydland

Infobox Scientist
name = Finn E. Kydland


image_size = 180px
caption = Photo: White House, 2004
birth_date = birth date|1943|12|01|df=yes
birth_place = Ålgård, Norway
residence = United States
nationality = Norway
field = Economist
work_places = Carnegie Mellon University University of California, Santa Barbara
alma_mater = Carnegie Mellon University NHH
doctoral_advisor = Edward C. Prescott David Cass
doctoral_students =
known_for = Real Business Cycle Theory
Time consistency in economic policy
prizes = Nobel Prize in Economics (2004)

Finn Erling Kydland (born 1 December1943) 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".

Biography

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.

cholarship

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.

Honours and awards

*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)

References

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External links

* [http://www.econ.ucsb.edu/cgi-bin/faculty.cgi?f=kydland Faculty information from University of California, Santa Barbara]
* [http://business.tepper.cmu.edu/display_faculty.aspx?id=85 Faculty information from Carnegie Mellon Tepper School of Business]
* [http://nobelprize.org/economics/laureates/2004/index.html Information from nobelprize.org]
* [http://www.econometricsociety.org/fellows.asp Econometric Society]
* [http://web.gsia.cmu.edu/default.aspx?id=141169 Alexander Henderson Award]
* [http://ideas.repec.org/e/pky2.html IDEAS/RePEc]

Persondata
NAME= Kydland, Finn E.
ALTERNATIVE NAMES=
SHORT DESCRIPTION= Norwegian economist
DATE OF BIRTH= 1943
PLACE OF BIRTH= Ålgård
DATE OF DEATH=
PLACE OF DEATH=