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The Economic Contributions of Robert A. Mundell

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  • Robert Prasch

Abstract

This is the second in a series of articles surveying the contributions of recent recipients of the Nobel Memorial Prize in Economics. The 1999 recipient of the prize, Robert A. Mundell, has made important contributions in several fields, including the theory of the monetary and fiscal policy mix, the monetary approach to the balance of payments, the theory of optimal currency areas and supply-side economics. This paper provides an overview and critical evaluation of these contributions.

Suggested Citation

  • Robert Prasch, 2001. "The Economic Contributions of Robert A. Mundell," Review of Political Economy, Taylor & Francis Journals, vol. 13(1), pages 41-58.
    • Handle: RePEc:taf:revpoe:v:13:y:2001:i:1:p:41-58
    DOI: 10.1080/09538250150210577
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    References listed on IDEAS

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    1. Davidson, Paul, 1997. "Are Grains of Sand in the Wheels of International Finance Sufficient to Do the Job When Boulders Are Often Required?," Economic Journal, Royal Economic Society, vol. 107(442), pages 671-686, May.
    2. Robert A. Mundell, 1960. "The Monetary Dynamics of International Adjustment under Fixed and Flexible Exchange Rates," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 74(2), pages 227-257.
    3. Robert A. Mundell, 1962. "The Appropriate Use of Monetary and Fiscal Policy for Internal and External Stability," IMF Staff Papers, Palgrave Macmillan, vol. 9(1), pages 70-79, March.
    4. Richard N. Cooper, 1999. "Should Capital Controls be Banished?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 89-142.
    5. Philip Arestis & Panicos Demetriades, 1999. "Financial Liberalization: The Experience of Developing Countries," Eastern Economic Journal, Eastern Economic Association, vol. 25(4), pages 441-457, Fall.
    6. Bruno, Michael & Easterly, William, 1998. "Inflation crises and long-run growth," Journal of Monetary Economics, Elsevier, vol. 41(1), pages 3-26, February.
    7. David Dequech, 2000. "Asset Choice, Liquidity Preference, and Rationality under Uncertainty," Journal of Economic Issues, Taylor & Francis Journals, vol. 34(1), pages 159-176, March.
    8. R. A. Mundell, 2000. "Erratum: A Reconsideration of the Twentieth Century," American Economic Review, American Economic Association, vol. 90(5), pages 1535-1535, December.
    9. Victoria Chick, 1983. "Macroeconomics after Keynes: A Reconsideration of the General Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262530457, December.
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