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| | MSN Encarta - Kydland, Finn E. |
 | | Kydland, Finn E. Kydland, Finn E., born in 1943, Nobel Prize -winning Norwegian economist noted for his contributions to the field of macroeconomics. |
 | | Kydland was particularly noted for his work with American economist Edward C. Prescott regarding factors that drive the business cycle and how changes in short-term economic policies can negatively impact long-term goals. |
 | | Prescott and Kydland countered that the business cycle is due to changes, or âshocks,â that affect supply, such as a sharp decrease in the oil supply, leading to recession, or a technological innovation that boosts productivity, leading to growth. |
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