Robert Mundell

Canadian economist (1932-2021)

Robert Alexander Mundell, CC (October 24, 1932 – April 4, 2021) was a Canadian economist. He was a professor of economics at Columbia University and the Chinese University of Hong Kong. Mundell was also known for the Mundell–Fleming model and Mundell–Tobin effect.

Robert Mundell
Mundell in 2013
Born(1932-10-24)October 24, 1932
DiedApril 4, 2021(2021-04-04) (aged 88)
Alma materLondon School of Economics
UBC Vancouver School of Economics
University of Washington
Massachusetts Institute of Technology
University of Waterloo
Known forMundell–Fleming model
Optimum currency areas
Research on the gold standard
AwardsNobel Memorial Prize in Economic Sciences (1999)
Scientific career
FieldsMonetary economics
InstitutionsJohns Hopkins University (1959–61, 1997–98, 2000–01)
University of Chicago (1965–72)
Graduate Institute of International Studies in Geneva, Switzerland (1965–75) [1]
University of Waterloo (1972–74)
McGill University (1989–1990)[2]
Columbia University (1974 – present)
Chinese University of Hong Kong (2009 – present)
Doctoral advisorCharles Kindleberger[3]
Doctoral studentsJacob A. Frenkel
Rudi Dornbusch[4]
Carmen Reinhart[5]
InfluencesLudwig Von Mises
InfluencedArthur Laffer
Jude Wanniski
Michael Mussa

He received the Nobel Memorial Prize in Economic Sciences in 1999 for his pioneering work in monetary dynamics and optimum currency areas. Mundell is known as the "father"[6] of the Euro, as he laid the groundwork for its introduction through this work and helped to start the movement known as supply-side economics which inspired Reaganomics.

Mundell died on April 4, 2021 in Siena, Tuscany from problems caused by bile duct cancer, aged 88.[7]


  1. "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 1999".
  2. Nobel Prize Winners from Johns Hopkins University Archived January 16, 2013, at the Wayback Machine
  3. Essays in the theory of international capital movements page 3. Retrieved September 12, 2016.
  4. Fischer, Stanley (9 August 2002). "RUDI DORNBUSCH - by Stanley Fischer". Project Syndicate.
  5. Warsh, David (November 1, 2009). "What The Woman Lived". Economic Principals. Retrieved October 17, 2016.
  6. "Economist Mundell: Odds of Greek Euro Exit 25%". 16 June 2012. Archived from the original on 10 August 2018. Retrieved 15 February 2019 – via
  7. Domitrovic, Brian. "The Zeus Of Economics Has Died". Forbes. Retrieved 5 April 2021.

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