2004 Joint Nobel Prize Winner in Economics
Interested in economics from young Finn Erling Kydland began taking accounting of the farm of a friend. Years later he graduated from the Norwegian School of Economics (NHH) and earned a Ph. D. in economics at Carnegie Mellon University in 1973 with a thesis on Decentralized Macroeconomic Planning. For years he worked as a professor at both universities. Until in 2004 he was recruited by the University of California, Santa Barbara. "In the last 10 years, his research has had a wide influence on the reforms of central banks and monetary policies in many countries". Nobel Prize Academy. This Norwegian economist won the Nobel Prize along with Edward C. Prescott, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind the economic cycle." Fields of specialization Kydland is the general economy and politics. His main areas of teaching and interest are business cycles, monetary and fiscal policy and labor economics. He is also a professor Honoris Causa of the University Torcuato Di Tella in Buenos Aires, in Argentina and associate consultant for research in the Federal Reserve Banks of Dallas, Minneapolis and Cleveland.
Monetary and Fiscal Policy
Macroeconomic Dynamics and Economics