He is Professor of Communications at the University of Southern California in 1980.

He is Professor of Economics at McGill University in 1989-90.

For 1997-98 he is a Professor of Economics at the Johns Hopkins Bologna Center of the Paul H. Nitze School of Advanced International Studies.

After that, he spends a year as a Post-Doctoral Fellow in Political Economy at the University of Chicago.

Mundell is awarded the 1999 Nobel Prize in Economics "for his analysis of monetary and fiscal policy under different exchange rate regimes and his analysis of optimum currency areas"

He is Professor of Economics at the University of Pennsylvania in 1990-91.

He was the first Rockefeller Research Professor of International Economics at the Brookings Institution in 1964-65,

From 1965 to 1971, Mundell teaches at the University of Chicago. Most of his contributions are made during that time. He prepares one of the first plans for a common currency in Europe and is known as the father of the theory of optimum currency areas. He is a pioneer of the theory of the monetary and fiscal policy mix, the theory of inflation and interest and growth, the monetary approach to the balance of payments, and the co-founder of supply-side economics.

After spending 1961–63 as a researcher at the International Monetary Fund, Mundell writes a pioneering article addressing the short-run effects of monetary and fiscal policy. Mundell shows that the effects of fiscal policy depend on the degree of international capital mobility, in particular on the exchange rate regime: under a floating exchange rate (determined by the market), monetary policy becomes powerful and fiscal policy powerless. This is the system many nations now use.

Robert Alexander Mundell is born on 24 October 1932.

From 1965 to 1975, Mundell is (summer) Professor of International Economics at the Graduate Institute of International Studies in Geneva, Switzerland.

He attends the University of British Columbia in Vancouver.

Since 1974 he has been Professor of Economics at Columbia University. Mundell has been an adviser to a number of international organizations including the United Nations, the IMF, the World Bank, the European Commission, and several governments in Latin America and Europe, the Federal Reserve Board, the US Treasury and the Government of Canada.

He begins his doctoral studies at the University of Washington and continues at MIT and London School of Economics, gaining his PhD from MIT in 1956.