Finn E. Kydland

Finn Erling Kydland born 1 December 1943 is a Norwegian economist asked for his contributions to companies cycle theory. He is a 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., as well as 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 in addition to the driving forces gradual business cycles."

Biography

Kydland grew up as the eldest of six siblings at the types 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 develop many limitations on their children. Finn Kydland became interested in mathematics together with 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 subjected to NHH as an assistant professor. In 1978 he moved back to Carnegie Mellon as an associate professor. He has been alive in the United States since then.

Kydland's areas of expertise are 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.

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