Background
Kydland, Finn Erling was born on December 1, 1943 in Algard, Norway.
Kydland, Finn Erling was born on December 1, 1943 in Algard, Norway.
Bachelor of Science, Norwegian School Economics & Business Administration, 1968. Doctor of Philosophy in Economics, Carnegie Mellon University, Pittsburgh, 1973.
Teacher economics Norwegian School Economics & Business Administration, 1973—1978, adjunct professor. Professor economics, Richard P. Simmons distinguished professor Carnegie Mellon University Tepper School Business, 1978—2004. Jeff Henley professor & chair economics University California, Santa Barbara, since 2004, director, Laboratory Aggregate Economics and Finance.
Research associate Federal Reserve Bank, Dallas, Cleveland, St. Louis. Research fellow University Texas Industrial Craft ² Institute, Austin.
John Stauffer National Fellow Public Policy, Hoover Institute, Institution, Stanford, California, United States of America.
Member editorial board Macroeconomic Dynamics. Contributor articles to numerous professional journals.
Theoretical and empirical research on business cycles. Emphasis on determining what propagation mechanisms for shocks are important for understanding aggregate fluctuations. Discipline is imposed through the use of explicit dynamic optimisation models of economic behaviour and the assumption that markets clear.
Examples of model elements are inter-temporally nonseparable utility in leisure and a multiple-period investment technology. Have emphasised the role of labour markets, including skill differences, for aggregate fluctuations. Pointed out in an early article the time-inconsistency of optimal government policy, and have explored its implications.
Did early work on dynamic games, with emphasis on determining what equilibrium concepts make economic sense and applications in decentralised policy-making and oligopoly theory.
Fellow: Econometric Society.
Married Liv Kjellevold, 1968 (divorced). Children: Jon Martin, Eirik Thomas, Camilla, Kari(deceased). Married Tonya Schooler.
1 child Rachel 1 stepchild Joel.
