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Canadian Wins Nobel for Economics

October 13, 1999

STOCKHOLM, Sweden (AP) _ Robert A. Mundell of Columbia University in New York won the Nobel Prize for economic sciences today for his analysis of monetary and fiscal policy under different exchange-rate regimes.

The Canadian-born economist ``has established the foundation for the theory that dominates practical policy considerations of monetary and fiscal policy in open economies,″ the Royal Swedish Academy of Sciences said.

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