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Robert A·Mundell

Robert Mundell is University Professor at Columbia University in New York. After graduating from the University of British Columbia in Economics and Slavonic Studies in 1953, he studied at the University of Washington, the Massachusetts Institute of Technology and the London School of Economics, receiving his PhD in Industrial Economics from MIT in 1956. He was Post-Doctoral Fellow in Political Economy at the University of Chicago in 1956-57 and taught at U.B.C., Stanford University and The Johns Hopkins Bologna Center of Advanced International Studies before joining the International Monetary Fund in 1961. From 1966 to 1971, he was Professor of Economics at the University of Chicago and Editor of the Journal of Political Economy, and from 1972-74 he was Chairman of the Department of Economics at the University of Waterloo. Since 1974, he has been Professor of Economics and since 2001, University Professor at Columbia University in the City of New York.

Mundell has been an adviser to a number of international agencies and organizations including the United Nations, the International Monetary Fund, the World Bank, the European Commission, the Federal Reserve Board, the US Treasury and numerous governments and companies around the world.

Mundell's writings include numerous articles in scientific journals and books. He prepared one of the first plans for a common currency in Europe and is known as the father of the theory of optimum currency areas. He developed the international macroeconomic model (the Mundell-Fleming model), the monetary-fiscal policy-mix framework for economic stability under fixed and flexible exchange rates, the theory of growth and inflation (the Mundell-Tobin effect relating monetary expansion, the real rate of interest and economic growth), was a pioneer in the development of supply-side economics, and played an early role in the founding of the Euro. Six volumes of his Collected Works were published in Chinese in 2004.

Mundell has received over fifty honorary professorships and doctorates. He is a Fellow of the American Academy of Arts and Science, a Distinguished Fellow of the American Economic Association and past presidents of the North American Economic and Financial Association and the International Atlantic Association. He is the honorary president of the Mundell International University of Entrepreneurship in Beijing, China. In 1999, he received the Nobel Memorial Prize in Economic Sciences for "his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas". In 2001 he was appointed Companion of the Order of Canada and in 2005 he received the Global Economics Award of the Kiel Institute, Germany, and appointed Knight Grand Cross of the Royal Order of Merit (Duke of Parma).

 

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