MUNDELL: My original 1961 article emphasized labour mobility but did not make a judgment about whether there was enough labour mobility within Europe for fixed exchange rates or a monetary union. I shared this view. Can you imagine?". From 1972 to 1973 he was a member of the ‘Study Group on Economic and Monetary Union in Europe’ under the ‘European Economic Commission’. Far from failing, the euro, which was Mundell's baby, has succeeded probably beyond its progenitor's wildest dreams. https://www.thefamouspeople.com/profiles/robert-mundell-7782.php, Massachusetts Institute Of Technology (MIT), Top NBA Players With No Championship Rings, Celebrities Who Look Beautiful Even Without Makeup. At Mundell Financial Group, we understand the many concerns individuals and families face as they prepare for retirement, whether that is five or fifteen years away. Mundell worked for many international organizations such as the World Bank, the IMF, the ‘United Nations’ and the ‘European Commission’. Mundell explained to me that, in fact, the euro is of a piece with Reaganomics: "Monetary discipline forces fiscal discipline on the politicians as well.". He started his academic life in a school which was located in a single room. Who Is The Greatest Female Warrior In History? He was the ‘AGIP professor of Economics’ at the ‘Paul H. Nitze School of Advanced International Studies’ under the ‘John Hopkins Bologna Center’ from 1997 to 1998. education: London School of Economics, UBC Vancouver School of Economics, University of Washington, Massachusetts Institute of Technology, University of Waterloo, awards: Nobel Memorial Prize in Economics (1999), See the events in life of Robert Mundell in Chronological Order. The idea that the euro has "failed" is dangerously naive. His book ‘The Euro as a Stabilizer in the International Economic System’ was published in 2000. "It's very hard to fire workers in Europe," he complained. He published the book ‘Monetary Theory: Interest, Inflation and Growth in the World Economy’ in 1971. Mundell, then, was more concerned with his bathroom arrangements. Canada's Financial Post asked the two Nobel laureates Milton Friedman and Robert Mundell to participate in an exclusive e-mail debate about each other's views on modern day economics. During this time he served as the editor of the ‘Journal of Political Economy’. He also contributed to the ‘Mundell-Fleming Theory’ and the ‘Mundell-Tobin Theory’. He derived a large number of observations after analyzing his highly technical mathematical formulations which changed the concept of ‘open economy’. Many people are of the opinion that he is the godfather of the ‘Euro’ currency used in the European Union. Yesterday, I had an opportunity to speak with the winner of the 1999 Nobel Prize in Economics, Robert Mundell. He received the ‘Guggenheim Prize’ in 1971, the ‘Jaques Rueff Medal and Prize’ in 1983 and a ‘Distinguished Fellow Award’ from the ‘American Economic Association’ in 1997. Internationally known for the movie based on his life, John Forbes Nash, Jr., won the Nobel Prize for his work in game theory. This information is intended for use only by residents of (AL, AR, AZ, CA, CO, FL, HI, IA, IL, MN, MO, NC, NE, OK, OR, TX, WA, WI). Robert Mundell's work on the collapse of Bretton Woods paved the way for European Monetary Union. Robert A. Mundell of Columbia University, an eccentric Canadian-born economist whose influence was felt from the supply-side economics of the Reagan years to … Robert Mundell The advent of the euro has demonstrated to one and all how successful a well-planned fixed exchange rate zone can be. The ‘Mundell International University of Entrepreneurship’ situated in the Zhongguancun district in Beijing, PRC, has been named after him. 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