Professor Kydland joined the UCSB faculty in July, 2004, when he was appointed to the Jeff Henley Chair in Economics. He previously taught at Carnegie Mellon University, where he earned his Ph.D. A native of Norway, he earned his bachelor’s degree at the Norwegian School of Economics and Business Administration. Kydland won the prize jointly with Edward C. Prescott of Arizona State University, who was a visiting professor at UCSB in winter quarter 2004, when he held the Maxwell and Mary Pellish Chair in Economics. The Royal Swedish Academy of Sciences said the two have made "fundamental contributions of great significance" to macroeconomic research. Kydland has published more than 50 papers, two of which have been cited more than 1,500 times. He is a research associate of the Federal Reserve Banks of Dallas, Cleveland, and St. Louis, and has been a visiting professor at universities in six countries. His honors and awards include the John Stauffer National Fellowship in Public Policy from the Hoover Institution on War, Revolution, and Peace at Stanford University. He has been a fellow of the Econometric Society since 1992.