FACTOID # 189: In 1960, alcohol consumption in Italy was 16.6 litres consumed per person. In 2003? 8 litres were consumed per person.
 
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Encyclopedia > Finn E. Kydland

Finn E. Kydland (born 1943) is a Norwegian economist. He is currently a professor of Economics at the University of California, Santa Barbara. He previously taught at the Tepper School of Business of Carnegie Mellon University. Kydland was a co-recipient of the 2004 Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (shared with Edward C. Prescott), "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles". 1943 is a common year starting on Friday. ... Wikibooks has more about this subject: Economics Wikibooks Wikiversity has more about this subject: School of Economics U.S. Economic Calendar Economics at the Open Directory Project Economics textbooks on Wikibooks The Economists Economics A-Z Institutions and organizations Bureau of Labor Statistics - from the American Labor Department Center... University of California, Santa Barbara The University of California, Santa Barbara (UCSB) is a coeducational public university located on the Pacific Ocean in Santa Barbara County, California. ... The David A. Tepper School of Business, located at Carnegie Mellon University in Pittsburgh, Pennsylvania, consistently ranks among the top business schools in the world. ... Carnegie Mellon University Carnegie Mellon University is a private research university located in Pittsburgh, Pennsylvania. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel (Swe. ... Prescott Photo Edward C. Prescott, born 26 December 1940 in Glens Falls, New York, received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 2004, sharing the award with Finn E. Kydland, for their contributions to dynamic macroeconomics: the time consistency of economic policy and... Macroeconomics is the study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive resources, and the general behavior of prices. ...

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Life and education

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 maths and economics as a young adult, after he did some bookkeeping at a friend's mink farm. The municipality Gjesdal in the county of Rogaland, Norway, has 9,104 inhabitants as of January 1, 2002. ... Sculpture in stone of Arne Garborg, located at his home in Knudaheio Jæren is a coastal landscape stretching some 65 kilometers in the south-western part of Norway. ... Rogaland is a county in Norway, bordering Hordaland, Telemark, Aust-Agder and Vest-Agder. ... Accountancy (British English) or accounting (American English) is the process of maintaining, auditing, and processing financial information for business purposes. ... An American Mink, Mustela vison, in the wild. ...


With a freshly awaken interest in theoretical economics, Kydland earned a B.S. from the Norwegian School of Economics (NHH) in 1968 and a Ph.D. from Carnegie Mellon in 1973. 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 US since then. A Bachelor of Science (B.S., B.Sc. ... Norges Handelshøyskole (NHH), or, in English the Norwegian School of Economics and Business Administration was founded in 1936. ... Doctor of Philosophy (Ph. ...


Aside from work, he nurtures a deep interest in blues music, and also in keeping fit; he has run the marathon four times, and enjoys playing and watching soccer. His favorite soccer team is Boca Juniors. He frequently rides his Ducati motorcycle. For the emotional state, see Depression (mood). ... Although marathon sometimes refers to any athletic event requiring great endurance, more specifically it refers to a long-distance road running event of 42,195 m (26 miles and 385 yards). ... Football is a ball game played between two teams of eleven players, each attempting to win by scoring more goals than their opponent. ... Club Atlético Boca Juniors is an Argentine football (soccer) club. ... Ducati Motor Holding is an Italian motorcycle manufacturer. ...


Scholarship

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 July 1, 2004, when he joined the faculty at the University of California, Santa Barbara. He is also an Adjunct Professor at NHH, Norway, and consults as a Research Associate at the Federal Reserve Banks of Dallas, Minneapolis and Cleveland. Political economy was the original term for the study of production, the acts of buying and selling, and their relationships to laws, customs and government. ... An abstract business cycle The business cycle or economic cycle refers to the ups and downs seen somewhat simultaneously in most parts of an economy. ... Monetary policy is the process of managing a nations money supply to achieve specific goals—such as constraining inflation, achieving full employment or more well-being. ... Fiscal Policy is the economic term which describes the behaviour of governments in raising money to fund current spending and investment for collective social purposes and for transfer payments to citizens and residents of the territory for which the government is responsible. ... Labour economics seeks to understand the functioning of the market for labour. ... Carnegie Mellon University Carnegie Mellon University is a private research university located in Pittsburgh, Pennsylvania. ... 1977 was a common year starting on Saturday (the link is to a full 1977 calendar). ... A professor is a senior teacher, lecturer and researcher, usually in a college or university. ... July 1 is the 182nd day of the year (183rd in leap years) in the Gregorian Calendar, with 183 days remaining. ... 2004 is a leap year starting on Thursday of the Gregorian calendar. ... University of California, Santa Barbara The University of California, Santa Barbara (UCSB) is a coeducational public university located on the Pacific Ocean in Santa Barbara County, California. ... A professor is a senior teacher, lecturer and researcher, usually in a college or university. ... Norges Handelshøyskole (NHH), or, in English the Norwegian School of Economics and Business Administration was founded in 1936. ... Federal Reserve Districts The United States Federal Reserve System consists of twelve Federal Reserve Banks, each responsible for a particular district, and some with branches. ... Downtown Dallas City nickname: Fashion City Location in the state of Texas Counties Dallas County Collin County Denton County Mayor Laura Miller Area   â€“Land   â€“Water 385. ... Downtown Minneapolis as viewed from the Stone Arch Bridge Minneapolis is the largest city in Minnesota and the county seat of Hennepin County. ... City nickname: The Forest City Location in Cuyahoga County, Ohio County Cuyahoga Mayor Jane Campbell Area   â€“Land   â€“Water 213. ...


Awards, fellowships

In alphabetical order Current Fellows Andrew B. Abel (1991) Dilip Abreu (1991) Irma Adelman (1968) ... George Akerlof (1979) Alberto F. Alesina (2002) Maurice Allais (1949) ... Robert Aumann (1965) Costas Azariadis (1989) Yves Balasko (1980) ... Clive W. J. Granger (1972) Edward J. Green (1987) Jerry R. Green (1975) ... Anne O. Krueger... Hoover Tower The Hoover Institution on War, Revolution, and Peace is a conservative public policy think tank and library founded by Herbert Hoover at Stanford University, his alma mater. ... The Alexander Henderson Award is presented to the student at the Tepper School of Business (fmr. ...

External links


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