Krugman: The Mundell difference

2021/04/14 wwchu 反思經濟學

https://voxeu.org/article/mundell-difference
Paul Krugman 12 April 2021, VOXEU
Nobel Laureate Robert Mundell passed away on 4 April 2021. In this column, Paul Krugman describes the evolution of Mundell’s contribution to economic thought and policy, from his early pathbreaking models that remain the foundation of modern international macroeconomics to his later views that were more controversial and less influential in the profession. He also offers an explanation of how the man who brought Keynesian analysis to the open economy and highlighted the difficult tradeoffs in creating a currency area could come to be seen as the father of both supply-side economics and the euro.

Powered by WordPress. Designed by elogi.