Professor Finn E. Kydland is the Jeffery Henley Professor of Economics and 2004 Nobel Laureate in Economic Sciences. Professor Kydland received his B.A. in Economics from the Norwegian School of Economics and Business Administration, and his Ph.D. in Economics from Carnegie Mellon University. He joined the UCSB faculty in 2004, after previous appointments at Carnegie Mellon University, the University of Texas at Austin, and the Norwegian School of Economics and Business Administration. He is a Research Associate for the Federal Reserve Banks of Dallas, Cleveland and St. Louis, and a Senior Research Fellow at the IC2 Institute at the University of Texas at Austin. He is an Adjunct Professor at the Norwegian School of Economics and Business Administration, and has held visiting scholar and professor positions at, among other places, the Hoover Institution and the Universidad Torcuato di Tella in Buenos Aires, Argentina. He was elected a Fellow of the Econometric Society in 1992.

Professor Kydland was awarded the 2004 Nobel Prize in Economic Sciences jointly with Professor Edward C. Prescott of Arizona State University. Professors Kydland and Prescott received the Nobel Prize for their research on business cycles and macroeconomic policy, specifically, the driving forces behind business cycles and the time consistency of economic policy. More recently, Professor Kydland has conducted research on the role of monetary policy for the business cycle. Moreover, he has studied Ireland and Argentina with the idea in mind that there is a lot for other nations' policy-makers to learn from the respective successes and failures of these two nations.

We are delighted to announce the addition of Peter Rupert as Associate Director of LAEF and Professor of Economics at UCSB. Peter joins the Economics faculty from the Federal Reserve Bank of Cleveland where he was a Senior Research Advisor. His areas of specialization include macroeconomics, monetary economics, labor and family economics. Prior to joining the Cleveland Fed, he held a variety of teaching positions, including Professor of Economics and Canada Research Chair at the University of Western Ontario, Assistant Professor of Economics at the State University of New York at Buffalo and West Virginia University. He has also had visiting positions at the University of Southern California and Birkbeck College, University of London. Professor Rupert earned his B.S. at Santa Clara University, and his M.A. and Ph.D. from the University of Rochester. Selected publications include “Time-to-build and Household Production,” with Paul Gomme and Finn Kydland, published in the Journal of Political Economy; “What Accounts for the Decline in Crime?,” with Ayse Imrohoroglu and Antonio Merlo, published in the International Economic Review; and “Homework in Labor Economics: Household Production and Intertemporal Substitution,” with Richard Rogerson and Randall Wright, published in the Journal of Monetary Economics. Peter’s role at LAEF will be the strengthening of its overall mission.

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