Finn Kydland
| Finn Erling Kydland | |
|---|---|
Kydland in 2015
|
|
| Born |
1 December 1943 Ålgård near Stavanger |
| Nationality | Norway |
| Field | Macroeconomics |
| School or tradition |
New classical economics |
| Alma mater |
Norwegian School of Economics (BSc) Carnegie Mellon University (PhD) |
| Doctoral advisor |
Edward C. Prescott David Cass |
| Influences | Robert S. Kaplan |
| 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 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, with Edward C. Prescott, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles".
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, supervised by Edward C. Prescott. 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 United States since then.
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