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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

 

2011 (continued)

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.

 

 

July 1, 2011

"The Optimism of Last Year's Final Days Has Faded"

Op-Ed, Sydney Morning Herald

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

The U.S. economy has slowed down dramatically recently, and the probability of another economic downturn increases with each new round of data. This is a sharp change from the economic situation at the end of last year - and represents a return to the very weak pace of expansion since the recovery from the GFC began in the summer of 2009.

Read more: http://www.smh.com.au/business/the-optimism-of-last-years-final-days-has-faded-20110630-1gszg.html#ixzz1RGEWmZVY

 

 

June 23, 2011

"Greek Default is Just a Matter of When, Not If"

Op-Ed, Financial Times

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

Even though the Greek parliament has given the government some breathing space with its vote of confidence late on Tuesday, a default by Greece is inevitable. With a debt to gross domestic product ratio of more than 150 per cent, large annual deficits and interest rates more than 25 per cent, the only question is when the default will occur. The current negotiations are really about postponing the inevitable default.

 

 

June 8, 2011

"The Economy Is Worse Than You Think"

Op-Ed, Wall Street Journal

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

Expect more bad news until someone enacts a plan to bring deficits under control without raising taxes.

 

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