It is one thing to decry the absence of a system and to point out the failings of the current non-system, and it is quite another to propose a realistic alternative. In 1961, Canadian economist Robert Mundell published his theory of the optimal currency area (OCA) with stationary expectations. [1] Einer breiten Öffentlichkeit bekannt wurde Mundell auch durch derb-humoristisch geprägte Auftritte in David Lettermans „Late-Night“-Fernsehshow. Wikipedia. Robert Alexander Mundell (n. 24 octombrie 1932, Kingston[*] , Canada) este un economist canadian, laureat al Premiului Nobel pentru Economie (1999).. I would ask him a question, and he would refer me to one of his articles. Updated: 18 Oct 2020, 08:24 PM IST Vivek Dehejia. Robert Mundell was awarded the 1999 Nobel Prize in economics “for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas.” In much of the work on macroeconomics before Mundell’s work of the early 1960s, economists assumed—implicitly or explicitly—a closed economy, that is, an economy with […] Robert Mundell’s New Wisdom. Nur wenige Details über sein Leben sind bekannt. Robert Mundell is a Canadian economist who received the Nobel Prize in Economic Sciences for developing the theory of optimal currency areas in the modern world. In an exclusive e-mail exchange arranged by Canada's Financial Post, Nobel Prize-winning economists Milton Friedman and Robert Mundell debate the future of the world currency system, from the euro to the Canadian dollar. On Line Opinion is a not-for-profit publication and relies on the generosity of its sponsors, editors and contributors. Nach dem Studium an der University of British Columbia in Vancouver, der University of Washington in Seattle, am Massachusetts Institute of Technology und an der London School of Economics and Political Science promovierte Mundell 1956 am MIT bei Charles P. Kindleberger. Robert Mundell, evil genius of the euro. THE AMERICAN ECONOMIC REVIEW I. Eine nachfrageorientierte Wirtschaftspolitik in einem System variabler Wechselkurse ist ineffektiv, da sie die Zentralbanken behindert. He has argued against what he calls “competitive monetary easing" by advanced economy central banks, which he sees as a new form of “beggar thy neighbour" competitive currency devaluation—an argument which will be familiar to many readers and with which I have expressed my sympathy. Opinion Response from Robert Mundell - the 'father of the euro' By Robert Mundell. SIGN UP FOR NEWSLETTERS. In my opinion, the Euro’s strength lies in the fact that it united a singular geographical location with many intersecting trade interests, with respect to both imports and exports. In previous writings and speeches, Mundell has proposed incremental steps toward a global unit of account with the creation of large currency areas, each of which consists of an anchor currency and other currencies fixing to it—such as a dollar area, a euro area, and so forth. Indeed, he has rightly been called the most important macroeconomist of the 20th century after John Maynard Keynes. Toll-Free: (877) 271-9539. Leading Seaman, 44240-H, RCN Ships served in: HMCS BUCKINGHAM - Served in BUCKINGHAM in 1960 HMCS CAPE SCOTT - Served in CAPE SCOTT Nov 1960 - Jan 1964 HMCS BONAVENTURE - Served in BONAVENTURE 1967-1969 RM01: RM02 : RM03: RM04 (RM01) AB Robert Mundell (RM02) Robert Mundell on HMCS BUCKINGHAM (RM03) HMCS BUCKINGHAM 314 (RM04) … Born in British Columbia, his influence has extended far beyond Canadian borders and his theories have influenced world leaders. In addition, Mundell exhibited great foresight in creating an intellectual community at which like-minded friends—mostly, but not exclusively, economists and bankers, a mix of academic and private sector folk—could gather to discuss and debate economic and monetary policy issues of the day. "For a generation now these columns have preached economics from the gospel by Robert Mundell," the paper crowed in its lead editorial for October 14, 1999. Oktober 1932 in Kingston, Ontario) is en kanaadsch Volkswertschapler, de 1999 den Nobelpries för Wertschapswetenschapen för sien Arbeiten to de Theorie vun optimal Währungsrüüms kreeg. Oktober 1932 in Kingston, Ontario) ist ein kanadischer Volkswirt, dem 1999 der Alfred-Nobel-Gedächtnispreis für Wirtschaftswissenschaften für seine Arbeiten zur Theorie optimaler Währungsräume verliehen wurde. Note Mundell Financial Group. Nobel Laureate Robert Mundell: 'Ahead of his Time' by Laura Wallace, International Monetary Fund Editor's Note: In doing some judicious pruning of the Gilded Opinion index, we decided to leave this portrait as a standing tribute to the visionary Dr. Mundell. J. Robert Mundell. Log in to our website to save your bookmarks. For as Bob has taught us, a global economy ultimately requires a global currency. Anfang der 1960er Jahre entwickelten er und Marcus Fleming unabhängig voneinander das Grundmodell der Makroökonomik offener Volkswirtschaften, das als Mundell-Fleming-Modell bekannt wurde. 3146 Brockway Road … Twenty years ago this month FP Comment staged a Nobel Money Duel between two of the greatest economic minds of the 20th century, Milton Friedman and Robert Mundell. Toll-Free: (877) 271-9539. Excessive and destabilizing volatility in exchange rates and capital movements since 1971, punctuated by periodic crises, has validated this diagnosis. Robert Mundell . Many people are of the opinion that he is the godfather of the ‘Euro’ currency used in the European Union. 5. But I thought the odds this year were about 50-50, so I was half-surprised. Mundell wird von konservativen politischen Kreisen der USA als Galionsfigur verehrt, hat aber Kritiker nicht nur im Lager der Demokratischen Partei, sondern auch in Teilen des konservativen Lagers. 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