Finn Kydland, Nobel Laureate (2004) and Richard P. Simmons Distinguished Professor at Carnegie Mellon University, outlined developments over the past 40 years that have placed the field of macroeconomics on sounder scientific footing. Kydland’s remarks were part of the Dean’s Lecture Series that features prominent members of industry, government and academia.

Kydland, who received his Ph.D. in economics from Carnegie Mellon University and then joined the faculty in 1977, was awarded the Nobel Memorial Prize in Economics along with long-time collaborator Edward Prescott in 2004. The Nobel prize recognized contributions to dynamic macroeconomics, specifically the time consistency of economic policy and the driving forces behind business cycles.

This is the third year that Dr. Kydland comes to Carnegie Mellon Qatar in the spring semester to teach macroeconomics to undergraduate business administration students. In previous years, he also delivered distinguished lectures and contributed to a Dean’s Panel titled “Innovation and capital formation in today’s policy environment.”