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Martin Feldstein

Martin Feldstein

George F. Baker Professor of Economics at Harvard University

Member of the Board, Belfer Center for Science and International Affairs

Contact:
Telephone: 617-868-3900
Email: mfeldstein@harvard.edu
Website: http://www.nber.org/feldstein

 

 

By Date

 

2012 (continued)

April 5, 2012

"Europe Needs the Bond Vigilantes"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Spain's disappointing government-bond auction this week is a sign of things to come: If Europe's debt-bound governments won't get their fiscal houses in order, the bond vigilantes will descend, pressuring them to do so.

 

 

March 20, 2012

"Obama tax rises threaten US recovery"

Op-Ed, Financial Times

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

The recent payroll gains and the declining unemployment rate in the US have raised hopes that the economy will now start growing faster than the tepid 1.7 per cent rate last year. Optimists are expecting growth rates as high as three per cent for this year and next.

 

2011

December 20, 2011

"A Weak Euro is the Way Forward"

Op-Ed, Financial Times

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

The large current account deficits of Italy, Spain and France can be reduced without lowering their incomes or requiring Germany to accept inflationary increases in its domestic demand. The key is to expand the net exports of those trade deficit countries to the world outside the eurozone.

 

 

December 15, 2011

"The Euro Zone's Double Failure"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Martin Feldstetin, former chairman of the Council of Economic Advisers, weighs in on the euro's swift descent.

 

 

November 30, 2011

"Italy can save itself and the euro"

Op-Ed, Financial Times

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Harvard University economics professor Martin Feldstein argues that Italy is capable of bailing themselves out of the economic crisis without the EC's help.

 

 

October 26, 2011

"The Effect on the U.S. Economy of Changes in Defense Spending"

Testimony

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Martin Feldstein testifies on defense spending to the Committee on Armed Services of the U.S. House of Representatives.

 

 

AP Photo

October 24, 2011

"The Tax Reform Evidence from 1986"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Experience implies that the combination of base broadening and rate reduction would raise revenue equal to about 4% of existing tax revenue writes Martin Feldstein.

 

 

October 13, 2011

"How to Stop the Drop in Home Values"

Op-Ed, The New York Times

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

"Both the Obama administration and Republican leaders in Congress have resisted the only real solution: permanently reducing the mortgage debt hanging over America," writes Martin Feldstein. The resistance is understandable, he says, "But failure to act means that further declines in home prices will continue, preventing the rise in consumer spending needed for recovery. As costly as it will be to permanently write down mortgages, it will be even costlier to do nothing and run the risk of another recession."

 

 

August 1, 2011

"A Falling Dollar Will Mean a Faster U.S. Recovery"

Op-Ed, Wall Street Journal

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

Despite the eurozone's financial crisis, the dollar has fallen 15% against the euro during the past 12 months and more than 10% in inflation-adjusted terms against all currencies. Looking ahead, fundamental market forces are likely to drive the dollar down further over at least the next few years relative to a broad basket of other currencies.

If that happens, it will strengthen the U.S. economy. A falling dollar may be the only major economic change that can accelerate the anemic pace of recovery and prevent a new downturn in U.S. economic activity.

 

 

(AP Photo/Alan Diaz)

July 25, 2011

"Forget the debt: it's jobs that will define Obama’s future"

Op-Ed, Financial Times

By Martin Feldstein, George F. Baker Professor of Economics at Harvard University

The US unemployment rate reached 9.2 per cent in June, up from 8.8 per cent in March of this year and double the 4.6 per cent rate in 2007 just before the recession began. Even if a short-term deal is done on the US debt ceiling, this high and rising unemployment hurts consumer confidence and weakens President Barack Obama’s chances for re-election. To bring the unemployment rate down to 8 per cent by the time of the November 2012 election would require employment to rise by more than 200,000 jobs a month, more than four times the rate of job growth in the most recent two months.

 

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