Marcus Fleming

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John Marcus Fleming (1911 – 1976) was Deputy Director of the research department of the International Monetary Fund for many years; he was already a member of this department during the period of Mundell's affiliation. At approximately the same time as Mundell, Fleming presented similar research on stabilization policy in open economies. As a result, today's textbooks refer to the Mundell-Fleming model. In terms of depth, range and analytical power, however, Mundell's contribution predominates.