
Robert Mundell 1932-2021
Robert Mundell passed away over the weekend of April 3. He was 88 years old. We have lost another giant of economics. Continue Reading →
Robert Mundell passed away over the weekend of April 3. He was 88 years old. We have lost another giant of economics. Continue Reading →
Twenty years ago, Paul Krugman and Bob Mundell declared that the euro experiment would most likely not work out very well. The basis for their forecast was Mundell’s theory of optimum currency areas. How come economists never get credit when one of our forecasts is correct? Continue Reading →
What does the future hold for the euro? Here are the options outlined by Prof. Krugman:
(1) Toughing it out
(2) Debt Restructuring
(3) Full Argentina
(4) Revived Europeanism