Finn Erling Kydland 101: The Economist of Business Theory
Zatrun Published at March 23, 2023

Finn Erling Kydland 101: Who is the Norwegian Economist? in our article of, we will cover in detail everything you need to know about the Norwegian economist Finn Erling Kydland, who our readers are curious about.

Who is Finn Erling Kydland?

Finn Erling Kydland, born December 1, 1943, is a Norwegian economist known for his contributions to business cycle theory. He is the Henley Professor of Economics at the University of California, Santa Barbara. He is also Richard P at the Tepper School of Business at Carnegie Mellon University, where he earned his PhD. Simmons holds a Distinguished Professorship and a part-time position at the Norwegian School of Economics (NHH).

The eldest of six siblings, Finn Erling Kydland grew up on a family farm in Gjesdal, Søyland in the Jæren agricultural region of southwestern Norway. He remembers that he was raised in a liberal way, without his parents imposing many restrictions on their children. Finn Kydland became interested in mathematics and economics when he was a young adult, after taking an accounting job on a friend’s mink farm.

With his new interest in theoretical economics, Kydland received a bachelor’s degree from NHH in 1968 and a doctorate from Carnegie Mellon in 1973. After completing his doctorate, he returned to NHH as an assistant professor. in 1978, he returned to Carnegie Mellon as a professor. He has been living in the United States ever since.

Edward C. Together with Prescott, Kydland was awarded the Nobel Memorial Prize in Economic Sciences in 2004 for his contributions to dynamic macroeconomics: the temporal coherence of economic policy and the driving forces behind business cycles. Kydland married Liv Kjellevold in 1968 and they had four children: Eirik, Jon Martin, Camilla and Kari. He is now married to Tonya Schooler.

His Career Life and Achievements

Finn Erling Kydland is a Norwegian economist known for his contributions to business cycle theory. He is currently the Henley Professor of Economics at the University of California, Santa Barbara. He has established the Collective Economics and Finance Laboratory (LAEF) here. Kydland’s areas of expertise include economics, political economy, and labour economics, focusing on business cycles, monetary and fiscal policy.

He was a research consultant for Dallas, Cleveland, and St. Louis Federal Reserve Banks and a researcher at the IC2 Institute at the University of Texas at Austin. He has also held visiting academic and professor positions at various institutions, including the Hoover Institution and the Universidad Torcuato di Tella in Buenos Aires, Argentina.

Finn Erling Kydland has received numerous awards and certificates of honor throughout her career. in 2004, he was awarded the Swedish National Bank’s Alfred Nobel Memorial Prize in Economic Sciences for his contributions to dynamic macroeconomics.

He is also a member of the Econometric Society since 1992. Kydland was a recipient of the John Stauffer National Fellowship at the Hoover Institution from 1982 to 1983 and was awarded the Alexander Henderson Prize by Carnegie Mellon in 1973. Academy of Science and Letters. in 2017, he received the Oslo Business for Peace Award from the International Chamber of Commerce.

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