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Robert Mundell's Mug ShotNobel Laureate in Economical Sciences 1999
Professor of Economics, Columbia University, USA
Distinguished Fellow of the American Economy Association, USA

reason for the prize:

for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas


Main Topics: fiscal and monetary policies; international macroeconomics; monetary and currency dynamics; currency areas: the Euro, the Dollar and the future of the international monetary system; Euro's international effects; economic growth perspectives: a 21st century reconsideration

Professional Profile: Robert Mundell, after teaching at Stanford University and the John Hopkins Bologna Center of Advanced International Studies, in 1961 joined the staff of the International Monetary Fund in 1961. He was then Professor of Economics at the University of Chicago and editor of the Journal of Political Economy.
Since 1974 he has been affiliated with Columbia University in New York. He has been adviser to a number of international agencies and organizations including the United Nations, the IMF, the World Bank, the European Commission and to several governments in Latin America and Europe, the Federal Reserve Board, the US Treasury and the Government of Canada.
In 1997 he became a Distinguished Fellow of the American Economic Association, the following year he was made Fellow of the American Academy of Art and Science, and in 1999 he received the Nobel prize "for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas".
Author of numerous works and articles on economic theory of international economics, he prepared one of the first plans for a common currency in Europe, reason why he is considered the "architect of the Euro".


  • Ph.D., Massachusetts Insitute of Technology, 1956
  • Post-Doctoral Fellow in Political Economy, University of Chicago, 1956-57



Selected Works:
  • R. A. Mundell, The Euro as a Stabilizer in the International Monetary System, with A. Clesse, Kluwer Academic Publishers, 2000
  • R. A. Mundell, Inflation and Gold in the History of the International Monetary System, World Gold Council, 1999
  • R. A. Mundell, Inflation and Growth in China, with M. Guitian, International Monetary Fund, 1996
  • R. A. Mundell, Building the New Europe, with M. Baldassarri, McMillan Press, 1993