Robert Mundell


Robert Mundell received the Nobel Prize in Economic Sciences award in 1999 for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis or optimum currency areas. 

An LSE alumnus from 1956, Robert Mundell is regarded as a pioneer of the idea of a common European currency and of the theory of optimum currency areas. He was also a pioneer of the theory of inflation and interest and growth, the monetary approach to the balance of payments, and the co-founder of supply-side economics. He has written extensively on the history of the international monetary system.