Finn E. Kydland


Finn E. Kydland

Photo from the Nobel Foundation archive.

Finn E. Kydland
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2004

Born: 1 December 1943, Gjesdal, Norway

Affiliation at the time of the award: Carnegie Mellon University, Pittsburgh, PA, USA, University of California, Santa Barbara, CA, USA

Prize motivation: "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles."

Contribution: Showed that economic policies are often plagued by problems of time inconsistency. Demonstrated that society could gain from prior commitment to economic policy. Introduced new ideas about economic policy design and the driving forces behind business cycles.

Prize share: 1/2

To cite this section
MLA style: Finn E. Kydland – Facts. Nobel Prize Outreach AB 2022. Sat. 22 Jan 2022. <>

Back to top Back To Top Takes users back to the top of the page

Explore prizes and laureates

Look for popular awards and laureates in different fields, and discover the history of the Nobel Prize.