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Examples
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Mundell is also pioneer in the analysis of optimum currency areas, which deals with the advantages and disadvantages for countries of relinquishing their monetary sovereignty in favor of a common currency.
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1969-2006 2010
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Robert A. Mundell is an economics-Nobel prize winner, and unlike Paul Krugman, he got his prize for his work on currencies.
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As a result, even expected inflation might have a real economic effect - which has come to be known as the Mundell-Tobin effect.
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They auctioned off dozens of donated items, including Federal Way Police Lieutenant Cary Murphy's contribution -- a special triple-digit Mariners jersey that said "Mundell" and "423," his badge number.
KING - Home 2010
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This was the future Mundell sought to bring about at the shadow Williamsburg conference.
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The 1983 shadow conference was put together by Jack Kemp, the free-market Congressman, and his economics guru, Columbia professor Robert Mundell, who would win the Nobel Prize in 1999.
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Mundell said at the conference, “we have got more experience with international monetary [policy] in the past 12 years than we have ever had in the history of man” – and this was no compliment.
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With the preservation of the value of money, Mundell argued, there would be no bar to business creation and employment.
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Mundell said that “we have been running the world economy without its natural rudder” – the stability of the value of money.
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As Mundell made his remarks, he rued, “I wish George Shultz had stayed to listen.”
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