Mundell, Robert A., 1932–2021,
Canadian economist, b. Kingston, Ont., Massachusetts Institute of Technology
(Ph.D. , 1956). He taught at a number of universities and worked at the
International Monetary Fund before joining the faculty at Columbia in 1974.
His study of how fixed or floating exchange rates affect the effectiveness
of monetary and fiscal policy and his work on the effects of a common
currency led to his being awarded the Nobel Memorial Prize in Economic
Science in 1999. His advocacy of using tax cuts to stimulate economic growth
influenced supply-side
economics and the policies of the Reagan administration.
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