Robert Mundell

@Massachusetts Institute Of Technology, Family and Childhood

Robert Mundell is a Canadian economist who received the Nobel Prize in Economic Sciences in 1999

Oct 24, 1932

CanadianLondon School Of Economics (LSE)Massachusetts Institute Of TechnologyUniversity Of WashingtonIntellectuals & AcademicsEconomistsScorpio Celebrities
Biography

Personal Details

  • Birthday: October 24, 1932
  • Nationality: Canadian
  • Famous: London School Of Economics (LSE), Massachusetts Institute Of Technology, University Of Washington, Intellectuals & Academics, Economists
  • Spouses: Valerie Mundell
  • Known as: Robert Alexander Mundel
  • Universities:
    • London School Of Economics,Massachusetts Institute Of Technology (MIT),University Of Washington
    • London School of Economics
    • UBC Vancouver School of Economics
    • University of Washington
    • Massachusetts Institute of Technology
    • University of Waterloo
  • Notable Alumnis:
    • London School Of Economics
    • Massachusetts Institute Of Technology (MIT)
    • University Of Washington

Robert Mundell born at

Kingston, Ontario, Canada

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Birth Place

Robert Mundell has three children from his first marriage, which ended in divorce in 1972. He is currently married to Valerie Mundell and has a son Nicholas from this marriage.

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Personal Life

The ‘Mundell International University of Entrepreneurship’ situated in the Zhongguancun district in Beijing, PRC, has been named after him.

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Personal Life

Robert Mundell was born as Robert Alexander Mundell in Kingston, Ontario, Canada, on October 24, 1932.

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Childhood & Early Life

He started his academic life in a school which was located in a single room.

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Childhood & Early Life

After passing out from school he joined the ‘University of British Columbia’ in Vancouver from where he earned his B. A. degree in economics and Slavonic studies in 1953.

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Childhood & Early Life

He studied at the ‘University of Washington’ in Seattle and then at the ‘Massachusetts Institute of Technology’ to complete his graduate studies. He obtained his M. A. degree in economics in 1954.

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Childhood & Early Life

He completed his PhD at the ‘London School of Economics’ in 1956 under the supervision of James Meade.

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Childhood & Early Life

After completing his post doctoral studies, Robert Mundell taught economics at the ‘University of British Columbia’, the ‘Stanford University’ and the ‘John Hopkins Bologna Center of Advanced International Studies’ in Italy for the next few years.

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Career

In 1960 he published an article that introduced a model of an economy dominated by the market for goods and services on one side and the market for foreign exchange on the other which was the first of its kind regarding the concept of macroeconomics.

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Career

His lectures and papers on international trade, optimum currency areas, and the trade-offs on fiscal and monetary policies under fixed and floating exchange rates attracted the attention of Jaques Polak, head of IMF’ Research Department, who offered Mundell a job at IMF in 1961.

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Career

In a world where studying floating exchange rates was ‘taboo’, Mundell’s first job was to find a mix of monetary and fiscal policies.

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Career

During his stay at IMF from 1961 to 1963 he also worked on the theory of inflation and showed that an increase in expected inflation can raise the interest rate by a lesser margin contrary to the theories of Abba Lerner and Irving Fisher which came to be known as the ‘Mundell-Tobin effect’ later.

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Career

One of Robert Mundell’s notable works is the book ‘Man and Economics’ which was published in 1968.

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Major Works

He published the book ‘Monetary Theory: Interest, Inflation and Growth in the World Economy’ in 1971.

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Major Works

His book ‘The Euro as a Stabilizer in the International Economic System’ was published in 2000.

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Major Works