Oktober 1932 in Kingston, Ontario) is en kanaadsch Volkswertschapler, de 1999 den Nobelpries för Wertschapswetenschapen för sien Arbeiten to de Theorie vun optimal Währungsrüüms kreeg. In an exclusive e-mail exchange arranged by Canada's Financial Post, Nobel Prize-winning economists Milton Friedman and Robert Mundell debate the future of the world currency system, from the euro to the Canadian dollar. Juli 2020 um 03:13 Uhr bearbeitet. Nobel Laureate Robert Mundell: 'Ahead of his Time' by Laura Wallace, International Monetary Fund Editor's Note: In doing some judicious pruning of the Gilded Opinion index, we decided to leave this portrait as a standing tribute to the visionary Dr. Mundell. You are now subscribed to our newsletters. Mundell wird von konservativen politischen Kreisen der USA als Galionsfigur verehrt, hat aber Kritiker nicht nur im Lager der Demokratischen Partei, sondern auch in Teilen des konservativen Lagers. On June 21st the Wall Street Journal issued the opinions of Nobel Prize-winning economist Robert Mundell who said Barack Obama should not be elected President because his … But as Harvard economist and former senior US official Richard Cooper put it at the conference table, complaints like Rajan’s amount to little more than grumbling unless they are accompanied by a credible alternative policy proposal, on which he has been largely silent. Opinion Euro. THE AMERICAN ECONOMIC REVIEW I. The Economics Nobel’s propensity to stir controversies 4 min read. Das ökonomische Gleichgewicht zwischen einzelnen Währungszonen beruht auf einem ähnlichen Maß an Preisstabilität. In his critics’ eyes, the euro has been a failure. Gegen die übliche Gepflogenheit veröffentlichte Mundell selbst anlässlich der Nobelpreisverleihung keine Autobiographie. Robert Mundell: A Theory of Optimum Currency Areas In diesem berühmt gewordenen Aufsatz untersuchte Mundell als erster Wissenschaftler die Bedingungen … Mundell, Robert (1961) A theory of optimum currency areas. Many people are of the opinion that he is the godfather of the ‘Euro’ currency used in the European Union. Copyright © HT Digital Streams Limited All rights reserved. Robert Mundell, evil genius of the euro. This year’s conference, just concluded, was titled “Central Banking and Global Monetary Disorder". In the 1970s, Bob—as he has always been known to his friends and disciples—led other right-leaning economists to make the case for tax cuts and sound money as the right policy mix to lift the US out of the doldrums. Your session has expired, please login again. 69 Clay Street. In der Politik ist Mundell insbesondere für sein Eintreten für Steuersenkungen und verwandte Maßnahmen nach dem Modell der Angebotspolitik bekannt. Nicht aber das endlose Geld-Doping für die schuldensüchtigen Südländer“[3]. Welcome to Robert Mundell's Home Page more portraits 1999 Nobel Laureate Nobel Lecture CEMA2000 Lecture. Diese Seite wurde zuletzt am 3. Unter Ökonomen wird sein Name dagegen hauptsächlich mit Wechselkursregimen und der Theorie optimaler Währungsräume in Verbindung gebracht, für die er auch den Nobelpreis für Wirtschaftswissenschaften erhielt. Stop pushing yourself so hard! Sie beschäftigt sich mit der ökonomisch sinnvollen Größe von Währungsräumen. Nach dem Studium an der University of British Columbia in Vancouver, der University of Washington in Seattle, am Massachusetts Institute of Technology und an der London School of Economics and Political Science promovierte Mundell 1956 am MIT bei Charles P. Kindleberger. Opinion Response from Robert Mundell - the 'father of the euro' By Robert Mundell. Hier veranstaltet er gelegentlich informelle internationale Konferenzen, an denen hochrangige Ökonomen und Politiker teilnehmen. Dept. Currency Areas and CommonCurrencies A single currency implies a single central bank (with note-issuing powers) and therefore a potentially elastic supply of interregional means of payments. of Economics Columbia University New York, NY10027 U.S.A. ram15@columbia.edu. The economist Robert Mundell has always been a prescient and prophetic thinker. Robert Alexander Mundell, CC (* 24. He has taken the much more difficult step of exploring alternatives, a theme that I have explored in previous columns in this newspaper. Thus, currency unification serves to only lower the barriers to trade among mutually interested members. Mundell Financial Group. Im Januar 2013 berichtete die deutsche Presse, dass Mundell, der „Vater des Euro“, im Zusammenhang mit der Staatsschuldenkrise gegen Fiskalunion und Transfer-Milliarden „rebelliere“: „Nur ein Zurück zur nationalen Disziplin könne das Gemeinschaftsprojekt Euro retten. Just rest through it. 'The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.' In addition, Mundell exhibited great foresight in creating an intellectual community at which like-minded friends—mostly, but not exclusively, economists and bankers, a mix of academic and private sector folk—could gather to discuss and debate economic and monetary policy issues of the day. Heute lebt er in einem Schloss in der Toskana (Italien). Nachdem Kanada in den 1960er Jahren auf frei floatende Währungsparität umgestellt hatte, untersuchte Mundell die volkswirtschaftlichen Folgen freier Wechselkurse, wofür es in der Zeit des Gold-Devisen-Standards von Bretton-Woods nur wenige Möglichkeiten gab. 69 Clay Street. To Bob’s credit, he has gone beyond criticizing the current non-system, which is not that difficult for a clever economist to do. In previous writings and speeches, Mundell has proposed incremental steps toward a global unit of account with the creation of large currency areas, each of which consists of an anchor currency and other currencies fixing to it—such as a dollar area, a euro area, and so forth. American Economic Review. Log in to our website to save your bookmarks. Robert Mundell: People keep asking me if I was surprised. Wikipedia. Robert Alexander Mundell, CC (born October 24, 1932) is a Canadian economist.Currently, he is a professor of economics at Columbia University and the Chinese University of Hong Kong.Mundell is also known for the Mundell–Fleming model and Mundell–Tobin effect.. submitted J. Robert Mundell. Maclean’s; Allen Abel; Brian Bethune; Claire Brownell; Prajakta Dhopade Toll-Free: (877) 271-9539. The House of Representatives had … In the 1960s, he asked what would happen in a world of freely floating exchange rates and open capital markets, a world which did not at that time exist. Click here to read the Mint ePaperMint is now on Telegram. Some of the liveliest discussion was around the theme of the final session, “Imperative for Global Monetary Reform". Er ist Professor für Ökonomik an der Columbia University und der Chinesischen Universität Hongkong. Mobile: (304) 288-1214. In the 1960s, he asked what would happen in a world of freely floating exchange rates and … In seiner Nobelpreisrede behandelte er dennoch schwerpunktmäßig das Thema Angebotspolitik. He had a sense of humour that everyone appreciated and will remember.… Mundell zog sich mehrfach für einige Zeit in die Wildnis zurück. Feb 2004, 09:53. And as I commented in the same discussion, Rajan’s implicit suggestion that the Fed ought to internalize the harmful impacts of the “spillovers" of its policies on emerging economies such as India is naïve and unrealistic at best. This article is more than 8 years old. Die Theorie optimaler Währungsräume (oft wegen ihrer englischen Bezeichnung optimum currency area theory auch als OCA bezeichnet) ist ein Teilbereich der Volkswirtschaftslehre. 1 This article is a revised version of the lecture Robert A. Mundell delivered in Stockholm, Sweden, December 10, 1999, when he received the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Robert Mundell’s New Wisdom. Er ist Professor für Ökonomik an der Columbia University und der Chinesischen Universität Hongkong. Every fortnight, In the Margins explores the intersection of economics, politics and public policy to help cast light on current affairs. Als Gegenmaßnahmen befürwortete er 1974 drastische Einkommensteuersenkungen, verbunden mit einem Abbau der Steuerprogression. In May 1971, as the United States was barely emerging from a double-dip recession that had dragged on for two years, economist Robert Mundell - who would win the Nobel Prize in 1999 - … Nach Lehrtätigkeit an der Stanford University und am Johns Hopkins Bologna Center of Advanced International Studies wurde er 1961 Mitarbeiter des Internationalen Währungsfonds. Seine ökonomischen Theorien standen oft im Kreuzfeuer widerstreitender politischer Interessen. https://www.sunsigns.org/famousbirthdays/d/profile/robert-mundell Robert Mundell is the person who furnished the theoretical genius behind “supply-side economics.” The ideas and premises of supply-side economics are described most lucidly in the writings of a political science and journalism graduate of UCLA, Jude Wanniski. THE AMERICAN ECONOMIC REVIEW I. The economist Robert Mundell has always been a prescient and prophetic thinker. 51:11, 509-517. 3146 Brockway Road … Es zeigt insbesondere die Unmöglichkeit, gleichzeitig nationale geldpolitische Autonomie, fixe Wechselkurse und freie Kapitalströme zu erreichen (Mundell-Fleming-Trilemma). A Commentary By Lawrence Kudlow. Supply-siders drew on thinking of Nobel Prize economists: Robert Mundell, Milton Friedman, James Buchanan, and Friedrich Hayek. In einem System freier Wechselkurse, so hebt Mundell hervor, könne eine Ausdehnung der Geldmenge nur durch eine positive Zahlungsbilanz erreicht werden. Note He received the Nobel Memorial Prize in Economic Sciences in 1999 for his pioneering work in monetary dynamics and optimum currency areas. I would ask him a question, and he would refer me to one of his articles. Robert Alexander Mundell, CC (* 24. Fax: (304) 599-7183. Remove some to bookmark this image. On Line Opinion is a not-for-profit publication and relies on the generosity of its sponsors, editors and contributors. Send a Message (319) 883-3336; Signature Private Wealth Management. 1966 nahm er seine Lehrtätigkeit wieder auf, unter anderem in Chicago und Genf, nach diversen weiteren Stationen ab 1974 an der Columbia University. Robert Alexander Mundell (n. 24 octombrie 1932, Kingston[*] , Canada) este un economist canadian, laureat al Premiului Nobel pentru Economie (1999).. KAZAKH President Nursultan Nazarbayev has won backing for his plan for a single world currency from an intellectual architect of the euro currency, Nobel-prize winner Professor Robert Mundell. Quick Links. Again, economists and policymakers looked to his work to assess whether one or another common currency, the euro area in particular, qualified. Eine gemeinsame Geldpolitik für alle würde demnach ausreichen, um das Gleichgewicht zu erhalten. Our side, please check the spam folder prophetic thinker excessive and destabilizing volatility exchange... Second trimester when it passes opinion for Tacoma v. Mundell, 495 P.2d 682, 6 Wash..... Of exploring alternatives, a non-profit dedicated to creating High quality open legal information offener Volkswirtschaften, das als bekannt! I put to Nobel Economics Laureate Robert Mundell is n't in the habit of making policy! Arts and Sciences gewählt, the 1999 Nobel Prize in Economics step of exploring,! 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