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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

 

2009

AP Photo

December 28, 2009

"Gold Remains a High-Risk Investment"

Op-Ed, The Korea Herald

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

"Many gold buyers want a hedge against the risk of inflation or possible declines in the value of the dollar or other currencies. Both are serious potential risks that are worthy of precautionary hedges. Although inflation is now low in the United States, Europe and Japan, households and institutional investors have reason to worry that the low interest rates and the extensive creation of bank reserves could lead to inflation when economic recovery takes hold."

 

 

AP Photo

December 1, 2009

"Can the Euro Zone Survive the Economic Recovery?"

Op-Ed, The Korea Herald

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

"Although the euro simplifies trade, it creates significant problems for monetary policy.... A single currency means a single monetary policy and a single interest rate, even if economic conditions - particularly cyclical conditions - differ substantially among the member countries of the European Economic and Monetary Union."

 

 

AP Photo

November 7, 2009

"Global Impact of America's Health-Care Debate"

Op-Ed, The Korea Herald

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

"[Barack Obama's] proposals are meeting strong opposition from fiscally conservative Democrats as well as from Republicans, owing to their potential impact on future fiscal deficits," says Martin Feldstein, member of the Belfer Center's board of directors. "Because those deficits are the primary cause of America's current-account deficit - and thus of global imbalances - the health-care debate's outcome will affect governments and investors around the world."

 

 

AP Photo

November 6, 2009

"Obamacare's Nasty Surprise"

Op-Ed, Washington Post

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

"...[F]or those who are now privately insured through employers or by direct purchase, there would be substantial incentives to become uninsured until they become sick. The resulting rise in the cost to insurance companies as the insured population becomes sicker would raise the average premium, strengthening that incentive."

 

 

October 30, 2009

"Why the Renminbi has to Rise to Address Imbalances"

Op-Ed, Financial Times

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

"China's policy of keeping the renminbi weak means that the US dollar must decline more rapidly against the euro, yen and other currencies to achieve the same overall trade-weighted fall of the dollar," says Martin Feldstein, member of the Belfer Center's board of directors. "China's weak renminbi policy therefore not only prevents remedying China's large current account surplus but also reduces Europe's exports," he says.

 

 

October 26, 2009

"The Global Impact of America’s Health Care Debate"

Op-Ed, Daily News Egypt

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

President Obama's health care proposals are meeting strong opposition from fiscally conservative Democrats as well as from Republicans, owing to their potential impact on future fiscal deficits, says Martin Feldstein, member of the Belfer Center's board of directors. "Because those deficits are the primary cause of America's current-account deficit," he says, the "health-care debate's outcome will affect governments and investors around the world."

 

 

October 8, 2009

"A Better Way to Health Reform"

Op-Ed, Washington Post

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

"The American health-care system suffers from three serious problems: Health-care costs are rising much faster than our incomes. More than 15 percent of the population has neither private nor public insurance. And the high cost of health care can lead to personal bankruptcy, even for families that do have health insurance," says Martin Feldstein, member of the board at Harvard Kennedy School's Belfer Center.

 

 

AP Photo

September 21, 2009

"Global Impact of U.S. Housing Crisis"

Op-Ed, The Korea Herald

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

The bursting of America's housing bubble in the summer of 2006 triggered the global financial crisis and recession. The sharp fall in house prices that followed caused a dramatic downturn in household wealth, leading to lower consumer spending and an overall fall in GDP. By now, wealth in the form of owner-occupied housing is down about 30 percent, equivalent to a loss of more than $6 trillion of household wealth.

 

 

AP Photo

September 7, 2009

"ObamaCare's Crippling Deficits"

Op-Ed, Wall Street Journal

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

Martin Feldstein believes that while the deficits caused by the fiscal stimulus package will end in 2011 and will help to sustain a fragile recovery in 2010, the deficits projected for the longer term are a threat to our economic future. The starting point for controlling those future deficits is for Congress to abandon the administration's health-care plan-a plan that will cost more than $1 trillion.

 

 

August 27, 2009

"America's Mortgage Meltdown"

Op-Ed, The Age

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

"The bursting of America's housing bubble in the northern summer of 2006 triggered the global financial crisis and recession," argues Martin Feldstein, a member of the board at Harvard Kennedy School's Belfer Center. "The sharp fall in house prices that followed dramatically reduced household wealth, leading to lower consumer spending and a fall in gross domestic product," Feldstein says.

 

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