Finn E. Kydland

DEFINITION of 'Finn E. Kydland'

A Norwegian economist and winner of the 2004 Nobel Prize in economics, along with Edward C. Prescott, for his macroeconomic analysis of the business cycle and economic policy. His 1982 paper, co-authored with Prescott, challenged the Keynesian view of the business cycle. Kydland and Prescott are also famous for a 1977 paper on the time consistency problem in economic policymaking.

BREAKING DOWN 'Finn E. Kydland'

Born in Norway in 1943, Kydland earned his Ph.D. from Carnegie Mellon University. He became a professor of economics at the University of California at Santa Barbara. Previously, he taught at Carnegie Mellon.

RELATED TERMS
  1. Edward C. Prescott

    The winner of the 2004 Nobel Memorial Prize in Economics, along ...
  2. Douglass C. North

    An American economist and winner of the 1993 Nobel Memorial Prize ...
  3. Oliver E. Williamson

    An American economist, the recipient of the 2009 Nobel Prize ...
  4. Merton Miller

    A prominent Chicago school economist. Miller was born in 1923 ...
  5. George A. Akerlof

    A winner of the 2001 Nobel Prize in Economics, along with Michael ...
  6. Simon Kuznets

    A Russian-American economist and statistician who won the 1971 ...
Related Articles
  1. Entrepreneurship

    The Giants Of Finance: Andrew Carnegie

    Though not as well-remembered as some of his contemporaries, Andrew Carnegie's legacy is strong and moralistic.
  2. Economics

    Macroeconomics: The Business Cycle

    By Stephen Simpson The business cycle is the pattern of expansion, contraction and recovery in the economy. Generally speaking, the business cycle is measured and tracked in terms of GDP and ...
  3. Entrepreneurship

    Andrew Carnegie

    We'll look at ten entrepreneurs who not only succeeded, but built vast business empires.
  4. Retirement

    Top 3 Retirement Cities In Arizona

    The desert lifestyle is only one of the attractions of these Arizona cities. The cost of living isn't so bad, either.
  5. Stock Analysis

    How Bank of New York Mellon Makes Money (BNY)

    With a centuries old history, BNY Mellon can still attract and retain its clients the old fashioned way while growing this company to gigantic proportions.
  6. Bonds & Fixed Income

    Can Keynesian Economics Reduce Boom-Bust Cycles?

    Learn about a British economist's proposed solution to a common economic problem.
  7. Economics

    4 Stages Of The Economic Cycle

    Learn about the general outline of an economic cycle to determine which sector to invest in.
  8. Economics

    Macroeconomics: Schools Of Thought

    By Stephen Simpson The field of macroeconomics is organized into many different schools of thought, with differing views on how the markets and their participants operate. ClassicalClassical ...
  9. Professionals

    Business Cycle

    NASAA Series 65: Section 15 Business Cycle. This section explains the different phases of a business cycle.
  10. Economics

    Business Cycle

    The business cycle refers to the fluctuations in economic activity that an economy experiences over a period of time. It consists of expansions, or periods of economic growth, and contractions, ...
RELATED FAQS
  1. Why do Keynesian economists focus on the lower boundary of interest rates?

    Understand the basis of Keynesian interventionism and how low interest rates are used as a policy tool. Examine Japan's Lost ... Read Answer >>
  2. What is the difference between Keynesian economics and monetarist economics?

    Discover how the debate in macroeconomics between Keynesian economics and monetarist economics always comes down to proving ... Read Answer >>
  3. Which accounting cycle is best for my business?

    Read about the different types and interpretations of accounting cycles, and why all businesses should modify the generic ... Read Answer >>
  4. What is the difference between macroeconomics and finance?

    Dive into the world of economics by learning the key differences between macroeconomics and finance. These ideas help investors ... Read Answer >>
  5. What macroeconomic problems do policy makers most commonly face?

    Learn about the macroeconomic factors policymakers have to be concerned with when deciding on economic policies, such as ... Read Answer >>
  6. How does macroeconomics explain "stagflation"?

    Learn about stagflation: a macroeconomic term used to describe economic turmoil. It is a time of serious inflation, slow ... Read Answer >>
Hot Definitions
  1. Goodwill

    An account that can be found in the assets portion of a company's balance sheet. Goodwill can often arise when one company ...
  2. Return On Invested Capital - ROIC

    A calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. ...
  3. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  4. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  5. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  6. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
Trading Center