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Finn E. Kydland
Economist

Finn E. Kydland

Famoose for

Explaining business cycles and the time-consistency problem in economic policy.

Business cycles · Time consistency

Born
1 December 1943
Birthplace
Ålgård

More people

Mark ZuckerbergCo-founding Facebook.John Maynard KeynesExplaining how weak spending can keep an economy in a slump.Steve JobsCo-founding Apple and leading the launch of the iPhone.

Finn E. Kydland

Finn Kydland is a Norwegian economist whose collaboration with Edward Prescott influenced modern macroeconomics.

Early life

Education

Studied at the Norwegian School of Economics and completed a Carnegie Mellon doctorate in 1973.

Career

  1. 1970s

    Academic career

    Taught in Norway and at Carnegie Mellon.

  2. 2004

    Santa Barbara

    Joined the University of California faculty.

  3. 2004

    Economics prize

    Shared the Nobel memorial prize with Edward Prescott.

Selected work

Business cycles

Developed models connecting economic fluctuations to changes in production conditions.

Time consistency

Examined why policymakers may later abandon previously optimal plans.

Beyond work

Upbringing

Grew up as the eldest of six children on a farm at Søyland.

Sources & photo creditBiography and career ↗Biographical references ↗

Original photograph. Cropped and displayed in monochrome.

Photo: Narodowy Bank Polski from Poland. CC BY-SA 2.0 · Original image. Cropped and displayed in monochrome.