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Finn E. Kydland
Finn Erling Kydland (born 1 December 1943) is a Norwegian economist known for his contributions to business cycle theory. He is the Henley Professor of Economics at the University of California, Santa Barbara. He also holds the Richard P. Simmons Distinguished Professorship at the Tepper School of Business of Carnegie Mellon University, where he earned his PhD, and a part-time position at the Norwegian School of Economics (NHH). Kydland was a co-recipient of the 2004 Nobel Memorial Prize in Economics, with Edward C. Prescott, "for their contributions to dynamic macroeconomics: the time consistency of economic policy and the driving forces behind business cycles." Biography Early years Kydland grew up as the eldest of six siblings at the family farm in Søyland, Gjesdal, which is located in the Jæren farming region in Rogaland county, southwestern Norway. He recalls having had a liberal upbringing, his parents not imposing many limitations on their children. Finn Kydland beca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
New Classical Economics
New classical macroeconomics, sometimes simply called new classical economics, is a school of thought in macroeconomics that builds its analysis entirely on a neoclassical economics, neoclassical framework. Specifically, it emphasizes the importance of foundations based on microeconomics, especially rational expectations. New classical macroeconomics strives to provide neoclassical microeconomic foundations for macroeconomic analysis. This is in contrast with its rival New Keynesian economics, new Keynesian school that uses microfoundations, such as Sticky (economics), price stickiness and imperfect competition, to generate macroeconomic models similar to earlier, Keynesian ones. History Classical economics is the term used for the first modern school of economics. The publication of Adam Smith's ''The Wealth of Nations'' in 1776 is considered to be the birth of the school. Perhaps the central idea behind it is on the ability of the market to be self-correcting as well as bei ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Sweden Prize In Economic Sciences In Memory Of Alfred Nobel
The Nobel Memorial Prize in Economic Sciences, officially the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel (), commonly referred to as the Nobel Prize in Economics(), is an award in the field of Economic Sciences, economic sciences administered by the Nobel Foundation, established in 1968 by Sveriges Riksbank (Sweden's central bank) to celebrate its 300th anniversary and in memory of Alfred Nobel. Although the Prize in Economic Sciences was not one of the original five Nobel Prize, Nobel Prizes established by Alfred Nobel's will, it is considered a member of the Nobel Prize system, and is administered and referred to along with the Nobel Prizes by the Nobel Foundation. Winners of the Prize in Economic Sciences are chosen in a similar manner to and announced alongside the Nobel Prize recipients, and receive the Prize in Economic Sciences at the Nobel Prize Award Ceremony. The laureates of the Prize in Economic Sciences are selected by the Royal Swedish ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy
Monetary policy is the policy adopted by the monetary authority of a nation to affect monetary and other financial conditions to accomplish broader objectives like high employment and price stability (normally interpreted as a low and stable rate of inflation). Further purposes of a monetary policy may be to contribute to economic stability or to maintain predictable exchange rates with other currencies. Today most central banks in developed countries conduct their monetary policy within an inflation targeting framework, whereas the monetary policies of most developing countries' central banks target some kind of a fixed exchange rate system. A third monetary policy strategy, targeting the money supply, was widely followed during the 1980s, but has diminished in popularity since then, though it is still the official strategy in a number of emerging economies. The tools of monetary policy vary from central bank to central bank, depending on the country's stage of development, inst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Political Economy
Political or comparative economy is a branch of political science and economics studying economic systems (e.g. Marketplace, markets and national economies) and their governance by political systems (e.g. law, institutions, and government). Widely-studied phenomena within the discipline are systems such as labour market, labour and international markets, as well as phenomena such as Economic growth, growth, Distribution of wealth, distribution, Economic inequality, inequality, and International trade, trade, and how these are shaped by institutions, laws, and government policy. Originating in the 18th century, it is the precursor to the modern discipline of economics. Political economy in its modern form is considered an interdisciplinary field, drawing on theory from both political science and Neoclassical economics, modern economics. Political economy originated within 16th century western moral philosophy, with theoretical works exploring the administration of states' wealth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carnegie Mellon
Carnegie may refer to: People *Carnegie (surname), including a list of people with the name **Andrew Carnegie, Scottish-American industrialist and philanthropist * Clan Carnegie, a lowland Scottish clan Institutions Named for Andrew Carnegie * Carnegie Building (Troy, New York), on the campus of Rensselaer Polytechnic Institute * Carnegie College, in Dunfermline, Scotland, a former further education college * Carnegie Community Centre, in downtown Vancouver, British Columbia * Carnegie Council for Ethics in International Affairs *Carnegie Endowment for International Peace, a global think tank with headquarters in Washington, DC, and four other centers, including: ** Carnegie Middle East Center, in Beirut ** Carnegie Europe, in Brussels ** Carnegie Moscow Center *Carnegie Foundation (other), any of several foundations *Carnegie Hall, a concert hall in New York City * Carnegie Hall, Inc., a regional cultural center in Lewisburg, West Virginia * Carnegie Hero Fund * Carneg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Doctor Of Philosophy
A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of Postgraduate education, graduate study and original research. The name of the degree is most often abbreviated PhD (or, at times, as Ph.D. in North American English, North America), pronounced as three separate letters ( ). The University of Oxford uses the alternative abbreviation "DPhil". PhDs are awarded for programs across the whole breadth of academic fields. Since it is an earned research degree, those studying for a PhD are required to produce original research that expands the boundaries of knowledge, normally in the form of a Thesis, dissertation, and, in some cases, defend their work before a panel of other experts in the field. In many fields, the completion of a PhD is typically required for employment as a university professor, researcher, or scientist. Definition In the context o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bachelor Of Science
A Bachelor of Science (BS, BSc, B.S., B.Sc., SB, or ScB; from the Latin ') is a bachelor's degree that is awarded for programs that generally last three to five years. The first university to admit a student to the degree of Bachelor of Science was the University of London in 1860. In the United States, the Lawrence Scientific School first conferred the degree in 1851, followed by the University of Michigan in 1855. Nathaniel Shaler, who was Harvard's Dean of Sciences, wrote in a private letter that "the degree of Bachelor of Science came to be introduced into our system through the influence of Louis Agassiz, who had much to do in shaping the plans of this School." Whether Bachelor of Science or Bachelor of Arts degrees are awarded in particular subjects varies between universities. For example, an economics student may graduate as a Bachelor of Arts in one university but as a Bachelor of Science in another, and occasionally, both options are offered. Some universities follo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mink
Mink are dark-colored, semiaquatic, carnivorous mammals of the genera ''Neogale'' and '' Mustela'' and part of the family Mustelidae, which also includes weasels, otters, and ferrets. There are two extant species referred to as "mink": the American mink and the European mink. The extinct sea mink was related to the American mink but was much larger. The American mink's fur has been highly prized for use in clothing. Their treatment on fur farms has been a focus of animal rights and animal welfare activism. American mink have established populations in Europe (including Great Britain and Denmark) and South America. Some people believe this happened after the animals were released from mink farms by animal rights activists, or otherwise escaped from captivity. In the UK, under the Wildlife and Countryside Act 1981, it is illegal to release mink into the wild. In some countries, any live mink caught in traps must be humanely killed. American mink are believed by some to hav ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bookkeeping
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry bookkeeping system, single-entry and double-entry bookkeeping system, double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the ''#Daybooks, daybooks'' (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rogaland
Rogaland () is a Counties of Norway, county in Western Norway, bordering the North Sea to the west and the counties of Vestland to the north, Telemark to the east and Agder to the east and southeast. As of 1 January 2024, it had a population of 499,417 people. The administrative centre of the county is the Stavanger (city), city of Stavanger, which is the third largest city in Norway. Etymology ''Rogaland'' is the region's Old Norse name, which was revived in modern times. During Denmark–Norway, Denmark's rule of Norway the county was named ''Stavanger amt (subnational entity), amt'', after the large city of Stavanger, and this name continued to be used until 1919. The first element in the name ''Rogaland'' is the plural genitive case of ''rygir'', probably referring to the name of an old Germanic peoples, Germanic tribe (see Rugians). The second element is ''land'' which means "land" or "region". Coat of arms The coat of arms is modern; it was granted on 11 January 1974. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jæren
Jæren is a Districts of Norway, traditional district in Rogaland county, Norway. The other districts in Rogaland are Dalane, Ryfylke, and Haugalandet. Jæren is one of the 15 districts that comprise Western Norway. At about , Jæren is the largest flat lowland area in Norway, stretching from the municipality of Randaberg in the north to Hå in the south. It includes the whole Stavanger Peninsula and the mainland area at its base. The coast is flat compared to the rest of the mountainous Norwegian coast, and it has sandy beaches along most of the coastline. The largest urban area in Jæren is the adjoining cities of Stavanger/Sandnes (pop. 210,874 in 2015). Economy The petroleum industry around Stavanger is an important part of the economy of Jæren, with the headquarters of the country's largest oil company Equinor being located in Jæren, as well regional offices of international companies like ExxonMobil, Eni, Royal Dutch Shell, Shell, ConocoPhillips, BP, Schlumberger, Hallibu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
