Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,913,089,268 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Kydland, Finn E.

    0.01 sec.

Kydland, Finn E.

(born December 1943, Ålgård, near Stavanger, Nor.) Norwegian economist. Kydland was educated at the Norwegian School of Economics and Business Administration (B.S., 1968) and Carnegie Mellon University in Pittsburgh, Pa. (Ph.D., 1973), where Edward C. Prescott advised him on his doctorate. Kydland, working with Prescott, demonstrated how a declared commitment to a low inflation rate by policy makers might create expectations of low inflation and unemployments rates. They also established the microeconomic foundation for business cycle analyses, showing that technology changes or supply shocks, such as oil price hikes, could be reflected in investment and relative price movements and thereby create short-term fluctuations around the long-term economic growth path. In 2004 Kydland shared the Nobel Prize for Economics with Prescott.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Mentioned in?   Encyclopedia browser?   Full browser?
No references found
 
 
 
Encyclopedia
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.