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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

December 11, 2012

"The Tax Hike Canard"

Op-Ed, Foreign Affairs

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

"The wrong way to get that extra revenue is to go over the fiscal cliff, which would cause tax rates on personal earnings, dividends, capital gains, and corporations to rise," writes Martin Feldstein. "When combined with the mandatory spending sequester scheduled to be implemented in 2013, demand next year could fall by a total of $600 billion -- about four percent of GDP -- and by larger sums after that. The Congressional Budget Office rightly predicts that would push the economy into a new recession."

 

 

September 28, 2012

"Fed joins ECB in a high-risk move"

Op-Ed, Financial Times

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

The Federal Reserve has now embarked on a very dangerous strategy, buying $40bn of mortgage-backed securities each month for an indefinite number of years. That could lead to high inflation, to destabilising asset bubbles and to legislative changes that limit the Fed’s future powers.

 

 

August 29, 2012

"Romney's Tax Plan Can Raise Revenue"

Op-Ed, Wall Street Journal

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

Martin Feldstein, a former economics adviser to President Reagan and member of the Belfer Center's Board of Directors argues in a new Wall Street Journal op-ed that while "Mitt Romney’s plan to cut taxes and offset the resulting revenue loss by limiting tax breaks has been attacked as 'mathematically impossible'....careful analysis shows this is not the case"

 

 

August 3, 2012

"China's Biggest Problems Are Political, Not Economic"

Op-Ed, Wall Street Journal

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

Although China has successfully confronted its recent short-term economic problems, large challenges remain. Some are economic. But the bigger challenges are political, both internally and with the rest of the world.

 

 

AP Photo

July 29, 2012

"Dos and Don’ts for the European Central Bank"

Op-Ed, Project Syndicate

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

Recent statements by European Central Bank President Mario Draghi and Bank Governor Ewald Nowotny have reopened the debate about the desirable limits to ECB policy. The issue is not just the ECB’s legal authority under the Maastricht Treaty, but, more importantly, the appropriateness of alternative measures.

 

 

July 25, 2012

"A Rapid Fall In The Euro Can Save Spain From Collapse"

Op-Ed, Financial Times

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

"The possible breakup of the eurozone is now openly discussed by policy officials and financial executives. The interest rate on Spanish government debt has soared above 7 per cent...Greece is likely to fail its inspection by the 'troika', bringing it closer to a eurozone exit by the autumn [and} even Germany is under financial pressure," writes the Belfer Center Board member Martin Feldstein, "The last eurozone summit ended with an optimistic communiqué but nothing of substance. Meanwhile, financial markets may already be in the process of forcing a solution upon Brussels policy makers. The declining value of the euro holds the key to the eurozone’s survival."

 

 

April 30, 2012

"Time for householders to buy bonds and save Spain"

Op-Ed, Financial Times

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

Spain is rapidly approaching a liquidity impasse. Markets are nervous because it is not clear how the government will finance its budget deficit and the rollover of its maturing bonds. The budget deficit now stands at 5 per cent of gross domestic product and the bonds maturing in 2012 equal a further 15 per cent of GDP. The International Monetary Fund expects these large deficits and refinancing needs to continue for several years.

 

 

April 29, 2012

"The Economy and the Presidency"

Op-Ed, Project Syndicate

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

With the U.S. presidential election a mere six-months away, it's outcome will largely depend on how the economy performs between now and election day, and the public's perception of that performance, writes Martin Feldstein, the George F. Baker Professor of Economics at Harvard University and Belfer Center Board member. "The polls are very close, and voters have not yet locked in their decisions....but the state of the economy is usually the most important determinant of who wins national elections in the United States. And US economic conditions now favor Romney," he writes.

 

 

April 24, 2012

"Everyone Should Pay for Cyber Defense"

Op-Ed, Wall Street Journal

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

The United States is vulnerable to cyberattacks by unfriendly nations and nonstate actors. Attacks through the Internet are now stealing billions of dollars of intellectual property from American businesses. Internet attacks can also bring down such critical infrastructure as the electricity supply, the air-traffic system and the stock market. Congress can and should act to protect us from this widespread and increasing danger.

 

 

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.

 
Events Calendar

We host a busy schedule of events throughout the fall, winter and spring. Past guests include: UN Secretary-General Ban Ki-moon, former Vice President Al Gore, and former Soviet Union President Mikhail Gorbachev.