Krusell, Per

Per Lennart Krusell, born 1959, is a Swedish macroeconomic theorist who currently holds the Savings Banks Foundations and Swedbank Chair in Macroeconomics at Stockholm University and is associated with the Institute for International Economic Studies in Stockholm. Until recently, he was a Professor of Economics at Princeton University and, before that, held positions at the University of Rochester, the University of Pennsylvania, and Northwestern University. He received numerous awards and grants, most recently the 2007 Söderberg Prize and a 2.1 Million Euro 2008 senior research grant from the European Research Council. Krusell's research has focused on macroeconomics, broadly defined, with particular contributions in the areas of technological change, inequality, political economy, macroeconomic policy, and labor economics. He is currently pursuing a long-term project on the interactions between global climate change and the economy. He is especially known for developing the most widely used computational algorithm for calculating macroeconomic equilibrium under rational expectations in economies with heterogeneous agents and aggregate uncertainty when financial markets are incomplete. His work with Jeremy Greenwood and Zvi Hercowitz on investment-specific technological progress has also been extremely influential. (Source: Wikipedia)