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Robert A. Mundell, a Nobel Prize-winning economist who helped shape economic policy on both sides of the Atlantic as an intellectual architect of the euro and President Ronald Reagan’s supply ...
Forty years ago, Marcus Fleming and Robert Mundell developed independent models of macroeconomic policy in open economies. Why do we link the two, and why do we call the result the Mundell-Fleming, ...
The thesis was based on an economic law derived from the Mundell-Fleming model. It states that in a world of high capital mobility, a central bank can target the exchange rate or the interest rate ...
What became known as the Mundell-Fleming model sought to explain the implications of Canada’s setup. Foreign investors seek at least the prevailing global rate of return.
His work on "optimum currency areas" and the "Mundell-Fleming Model" were path-breaking. For me personally, Mundell was a great friend and teacher.
The Mundell-Fleming model has been subsequently expanded into the principle of the "impossible trinity," that is, no country can simultaneously achieve the three goals of free capital mobility, ...
His work on "optimum currency areas" and the "Mundell-Fleming Model" were path-breaking. For me personally, Mundell was a great friend and teacher.
All economics students learn the Mundell-Fleming model, according to which an economy cannot maintain a fixed exchange rate, free capital movement, and an independent monetary policy simultaneously.
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