WorldCat Identities

Kydland, Finn E.

Overview
Works: 98 works in 253 publications in 2 languages and 1,148 library holdings
Genres: History 
Roles: Author, Editor, Honoree
Publication Timeline
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Most widely held works about Finn E Kydland
 
Most widely held works by Finn E Kydland
Business cycle theory by Finn E Kydland( Book )

11 editions published in 1995 in English and held by 208 WorldCat member libraries worldwide

Relative price movements in dynamic general equilibrium models of international trade by David Backus( Book )

16 editions published in 1992 in English and held by 106 WorldCat member libraries worldwide

We examine the behavior of international relative prices from the perspective of dynamic general equilibrium theory, with particular emphasis on the variability of the terms of trade and the relation between the terms of trade and net exports. We highlight aspects of the theory that are critical in determining these properties, contrast our perspective with those associated with the Marshall-Lerner condition and the Harberger-Laursen-Metzler effect, and point out features of the data that have proved difficult to explain within existing dynamic general equilibrium models
International business cycles : theory and evidence by David Backus( )

16 editions published between 1991 and 1993 in English and held by 101 WorldCat member libraries worldwide

We review recent work comparing properties of international business cycles with those of dynamic general equilibrium models, emphasizing two discrepancies between theory and data that we refer to as anomalies. The first is the consumption/output/productivity anomaly: in the data we generally find that the correlation across countries of output fluctuations is larger than the analogous consumption and productivity correlations. In theoretical economies we find, for a wide range of parameter values, that the consumption correlation exceeds the productivity and output correlations. The second anomaly concerns relative price movements: the standard deviation of the terms of trade is considerably larger in the data than it is in theoretical economies. We speculate on changes in theoretical structure that might bring theory and data closer together
Dynamics of the trade balance and the terms of trade : the S-curve by David Backus( Book )

17 editions published between 1992 and 1993 in English and held by 100 WorldCat member libraries worldwide

Abstract: We provide a theoretical interpretation of two features of international data: the countercyclical movements in net exports and the tendency for the trade balance to be negatively correlated with current and future movements in the terms of trade, but positively correlated with past movements. We document these same properties in a two-country stochastic growth model in which trade fluctuations reflect, in large part, the dynamics of capital formation. We find that the general equilibrium perspective is essential: The relation between the trade balance and the terms of trade depends critically on the source of fluctuations
The gold standard as a rule by Michael D Bordo( Book )

10 editions published between 1990 and 1996 in English and held by 87 WorldCat member libraries worldwide

Abstract: changing planned future policy. The experiences of these maj or countries suggest
Housing dynamics over the business cycle by Finn E Kydland( )

7 editions published in 2012 in English and held by 50 WorldCat member libraries worldwide

Over the U.S. business cycle, fluctuations in residential investment are well known to systematically lead GDP. These dynamics are documented here to be specific to the U.S. and Canada. In other developed economies residential investment is broadly coincident with GDP. Nonresidential investment has the opposite dynamics, being coincident with or lagging GDP. These observations are in sharp contrast with the properties of nearly all business cycle models with disaggregated investment. Including mortgages and interest rate dynamics aligns the theory more closely with U.S. observations. Longer time to build in housing construction makes residential investment coincident with output
Mortgages and monetary policy by Carlos Garriga( )

8 editions published between 2013 and 2015 in English and held by 48 WorldCat member libraries worldwide

Mortgage loans are a striking example of a persistent nominal rigidity. As a result, under incomplete markets, monetary policy affects decisions through the cost of new mortgage borrowing and the value of payments on outstanding debt. Observed debt levels and payment to income ratios suggest the role of such loans in monetary transmission may be important. A general equilibrium model is developed to address this question. The transmission is found to be stronger under adjustable- than fixed-rate contracts. The source of impulse also matters: persistent inflation shocks have larger effects than cyclical fluctuations in inflation and nominal interest rates
The high cross-country correlations of prices and interest rates by Espen Henriksen( )

6 editions published in 2009 in English and held by 40 WorldCat member libraries worldwide

We document that, at business cycle frequencies, fluctuations in nominal variables, such as aggregate price levels and nominal interest rates, are substantially more synchronized across countries than fluctuations in real output. To the extent that domestic nominal variables are determined by domestic monetary policy, and central banks generally attempt to keep the domestic nominal environment stable, this might seem surprising. We ask if a parsimonious international business cycle model can account for this aspect of cross-country aggregate fluctuations. It can. Due to spillovers of technology shocks across countries, expected future responses of national central banks to fluctuations in domestic output and inflation generate movements in current prices and interest rates that are synchronized across countries even when output is not. Even modest spillovers produce cross-country correlations such as those in the data
The computational experiment : an econometric tool by Finn E Kydland( Book )

7 editions published in 1994 in English and held by 37 WorldCat member libraries worldwide

Nominal rigidities in debt and product markets by Carlos Garriga( )

8 editions published in 2016 in English and held by 36 WorldCat member libraries worldwide

Standard models used for monetary policy analysis rely on sticky prices. Recently, the literature started to explore also nominal debt contracts. Focusing on mortgages, this paper compares the two channels of transmission within a common framework. The sticky price channel is dominant when shocks to the policy interest rate are temporary, the mortgage channel is important when the shocks are persistent. The first channel has significant aggregate effects but small redistributive effects. The opposite holds for the second channel. Using yield curve data decomposed into temporary and persistent components, the redistributive and aggregate consequences are found to be quantitatively comparable
Business cycles and aggregate labor-market fluctuations by Finn E Kydland( Book )

5 editions published in 1993 in English and held by 27 WorldCat member libraries worldwide

On the econometrics of world business cycles by Finn E Kydland( Book )

4 editions published in 1991 in English and held by 26 WorldCat member libraries worldwide

Price-Level Uncertainty and Inflation Targeting by Robert F Dittmar( )

2 editions published in 1999 in No Linguistic content and English and held by 26 WorldCat member libraries worldwide

In this paper, the authors make two points about commonly proposed rules for inflation targeting. First, they argue that there is a great deal of uncertainty about the price level and inflation inherent in current proposals to target inflation. They show that the degree to which the central bank cares about the real economy can have a large impact on price level (and inflation) uncertainty. They find that the magnitudes of uncertainty that prevailed across the G-10 throughout the last four decades are the expected consequence of commonly proposed inflation-targeting regimes. Second, they show that if central banks want both to stabilize business cycle fluctuations and to achieve price stability, then it may be useful to adopt a long-term objective for the price level
Nominal Facts and the October 1979 Policy Change by William T Gavin( )

2 editions published in 2001 in No Linguistic content and English and held by 26 WorldCat member libraries worldwide

Researchers depend on observed regularities in macroeconomic data to guide the development of theory. One problem in developing monetary models of the business cycle is that there seems to be a great deal of instability in nominal data. Using data from 1959:Q1 to 1998:Q4, the authors document changes in the cyclical behavior of nominal data series that appear after 1979:Q3, when the Federal Reserve implemented a policy to end the acceleration of inflation. Such changes in cyclical behavior were not apparent in real variables. The authors conclude that in order to find regularities in nominal datasets, it may be necessary to examine and compare episodes with similar monetary policy regimes
International real business cycles by David Backus( Book )

5 editions published in 1991 in English and Undetermined and held by 20 WorldCat member libraries worldwide

Simulation of liner operations by Finn E Kydland( Book )

9 editions published between 1968 and 1970 in English and Norwegian and held by 17 WorldCat member libraries worldwide

Globally Correlated Nominal Fluctuations by Espen Henriksen( )

1 edition published in 2009 in English and held by 14 WorldCat member libraries worldwide

Abstract: Cyclical fluctuations in nominal variablesaggregate price levels and nominal interest ratesare documented to be substantially more synchronized across countries than cyclical fluctuations in real output. A transparent mechanism that can account for this striking feature of the nominal environment is highlighted. It is based on (small) cross-country spillovers of shocks and an interaction between Taylor rules and no-arbitrage conditions. The mechanism is quantitatively important for a wide range of plausible parameterizations and is found to be robust to modifications of the economic environment that help account for other important features of domestic and international aggregate fluctuations
The econometrics of the general equilibrium approach to business cycles by Finn E Kydland( Book )

4 editions published in 1990 in English and held by 13 WorldCat member libraries worldwide

Dynamics of the trade balance and the terms of trade : the J- curve revisited by David Backus( Book )

4 editions published in 1992 in English and held by 13 WorldCat member libraries worldwide

Argentina's recovery and "excess" capital shallowing of the 1990s by Finn E Kydland( Book )

3 editions published in 2002 in English and held by 11 WorldCat member libraries worldwide

"The paper examines Argentina's economic expansion in the 1990s through the lens of a parsimonious neoclassical growth model. The main finding is that investment remained considerably weaker than what the model would have predicted. The resulting excessive "capital shallowing" could be identified as a weakness of the rapid economic growth of the 1990s that may have played a role in Argentina's ultimate inability to escape the crisis that started to unfold towards the end of that decade."--Federal Reserve Bank of Dallas web site
 
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Alternative Names
Finn E. Kydland

Finn E. Kydland economista noruec

Finn E. Kydland économiste norvégien

Finn E. Kydland ekonomista norweski, noblista

Finn E. Kydland norsk professor och ekonom

Finn E. Kydland norsk professor og økonom

Finn E. Kydland Norwegian economist

Finn E. Kydland norwegischer Ökonom

Fïnn Érlïng Kïdland

Finn Erling Kydland

Finn Kidland

Finn Kydland

Finn Kydland economist norvegian

Finn Kydland economista noruego

Finn Kydland economista norvegese

Finn Kydland Noors econoom

Finn Kydland Norra majandusteadlane

Kydland, Finn.

Kydland, Finn 1943-

Kydland, Finn Erland 1943-

Kykland, Finn E. 1943-

Кидланд, Финн

Фин Кидланд

Финн Эрлинг Кидланд

Фін Кідланд

Фінн Кідланд

Ֆինն Քիդլենդ

פין קידלנד כלכלן נורווגי

فن ای. کائڈلینڈ

فن کڈ لینڈ

فىينن ەرلىينگ كىيدلاند

فين كيدلاند عالم اقتصاد نرويجي

فین کیدلند اقتصاددان نروژی

फिन केडलांड

ფინ კიდლანდი

핀 키들랜드

フィン・キドランド

芬恩·基德兰德

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