Finn E. Kydland

Finn Kidland, a Norwegian economist, was born in Norway in 1943 and graduated with a Bachelor's degree in Economics from the Norwegian School of Economics and Business Administration in 1968; I obtained a PhD in Economics from Carnegie Mellon University in Pittsburgh in 1973. He is currently a professor at Carnegie Mellon University and the University of California, Santa Barbara, as well as an associate researcher at the Delas Reserve Bank and the Cleveland Reserve Bank. Kidland's research focuses on economic cycles, monetary and fiscal policies, and labor economics. Currently, advanced economic analysis is offered to doctoral students at Carnegie Mellon University, while macroeconomics and quantitative economic analysis are taught to undergraduate students. Kidland and Prescott's innovative research analyzed the issue of economic policy formulation and the driving forces of business cycles, which not only changed economic research but also had a broad impact on economic policy, especially monetary policy formulation. In 2004, Kidland was awarded the Nobel Prize in Economics for his outstanding achievements in studying the compatibility of economic policies and the driving forces behind economic cycles. He has been a member of the Society for Economic Metrology since 1992, an editorial board member of the Journal of Dynamic Macroeconomics since 1996, a member of the Society for the Development of Economic Theory in 2012, and an academician of the Norwegian Academy of Sciences and Arts in 2005. His awards include the Alexander Henderson Award from Carnegie Mellon University in 1973 and the Outstanding Achievement Award from the Money Market Practitioners Association of New York University in 2005.