McKenna Lecture on International Trade and Economics

The International Monetary System After the Advent of the Euro

Robert Mundell has established the foundation for the theory which dominates practical policy considerations of monetary and fiscal policy in open economies. . . Above all, Mundell chose his problems with uncommon-almost prophetic-accuracy in terms of predicting the future development of international monetary arrangements and capital markets.

-The Royal Swedish Academy of Sciences

Professor Robert A. Mundell, the recipient of the 1999 Nobel Prize in Economic Sciences, is one of the most important figures in international macroeconomics. Born in Canada in 1932, Mundell received his B.A. from the University of British Columbia. He studied at the London School of Economics and received his Ph.D. from M.I.T. in 1956 with a thesis on international capital movements. Currently the C. Lowell Harriss Professor of Economics at Columbia University, Mundell has taught at the University of Chicago, Stanford, and Johns Hopkins.

The author of hundreds of articles in scientific journals, popular news articles, and reports for governments and international institutions, his books include Man and Economics (1968), and Monetary Theory: Inflation, Interest and Growth in the World Economy (1971). He is the father of optimum currency areas, was an important contributor to supply-side theories, and has advised the IMF, UN, World Bank, European Commission, Federal Reserve Board, U.S. Treasury, and numerous governments on monetary policy. As a consultant for the EEC in the early 70s, Mundell developed one of the earliest plans for European currency unification.

Robert Mundell's talk will focus on the post-Euro monetary system. His visit to Claremont McKenna College, endowed by founding trustee Donald McKenna, is the fifth annual McKenna Lecture on International Trade and Economics. The dinner is open to the CMC community only. All are welcome to attend the lecture.