Mundell, Robert A.

Mundell, Robert A.,

1932–, Canadian economist, b. Kingston, Ont., Ph.D. Massachusetts Institute of Technology, 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 economicssupply-side economics,
economic theory that concentrates on influencing the supply of labor and goods as a path to economic health, rather than approaching the issue through such macroeconomic concerns as gross national product.
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 and the policies of the Reagan administration.