The Economic Contributions of Robert A. Mundell

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.