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About Per Krusell
- 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.Krusell was elected a member of the Royal Swedish Academy of Sciences in 2003.
- Since 2003, he is a member of the Prize Committee for The Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, and its chair since 2011.
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