Finn E. Kydland

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Finn Erling Kydland
Finn E Kydland 2015.jpg
Kydland in 2015
Born (1943-12-01) 1 December 1943 (age 78)
Ålgård near Stavanger
Nationality Norway
Field Macroeconomics
School or tradition
New classical economics
Alma mater Norwegian School of Economics (BSc)
Carnegie Mellon University (PhD)
Influences Edward C. Prescott
David Cass
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[1] 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".


Early years

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.[2] 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.


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 2004, when he became a faculty member of the University of California, Santa Barbara and founded the Laboratory for Aggregate Economics and Finance (LAEF) at this same institution.[3] He is a Research Associate for the Federal Reserve Banks of Dallas, Cleveland and St. Louis, and a Fellow at the 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.

Personal life

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

Honours and awards


  2. Nobel Faces, p. 240, at Google Books
  4. "Gruppe 7: Samfunnsfag (herunder sosiologi, statsvitenskap og økonomi)" (in Norwegian). Norwegian Academy of Science and Letters. Retrieved 26 October 2009.CS1 maint: unrecognized language (link)<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  • Peter Badge (2008). "Prof. Dr. Finn Kydland". Nobel Laureate Meetings at Lindau. Retrieved 2008-08-17.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  • Tore Frängsmyr, ed. (2004). "Finn E. Kydland Biography". Les Prix Nobel. The Nobel Foundation. Retrieved 2008-07-29.CS1 maint: extra text: authors list (link)<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>
  • Solow, Robert; Murray, Janice, eds. (2014). "On Policy Consistency: Finn Kydland". Economics for the Curious. Basingstoke: Palgrave Macmillan. ISBN 978-1-137-38358-7.<templatestyles src="Module:Citation/CS1/styles.css"></templatestyles>

External links