Abstract
In 1989 Happel conjectured that for a finite-dimensional algebra
A
over an algebraically closed field
k
, $\gl A< \infty$ if and only if $\hch A < \infty$. Recently Buchweitz-Green-Madsen-Solberg gave a counterexample to Happel's conjecture. They found a family of pathological algebra
A
q
for which $\gl A_q = \infty$ but $\hch A_q=2$. These algebras are pathological in many aspects, however their Hochschild homology behaviors are not pathological any more, indeed one has $\hh A_q = \infty=\gl A_q$. This suggests to pose a seemingly more reasonable conjecture by replacing Hochschild cohomology dimension in Happel's conjecture with Hochschild homology dimension: $\gl A < \infty$ if and only if $\hh A < \infty$ if and only if $\hh A = 0$. The conjecture holds for commutative algebras and monomial algebras. In case
A
is a truncated quiver algebras these conditions are equivalent to the quiver of
A
has no oriented cycles. Moreover, an algorithm for computing the Hochschild homology of any monomial algebra is provided. Thus the cyclic homology of any monomial algebra can be read off in case the underlying field is characteristic 0.