Found 79 article(s) for author 'Martin Feldstein'

A weaker Euro for a stronger Europe

A weaker Euro for a stronger Europe. Martin Feldstein, May 2, 2014, Opinion. “Despite the recent upturn in some of its member countries, the eurozone’s economy remains in the doldrums, with the overall rate of annual GDP growth this year likely to be only slightly higher than 1%. Even Germany’s growth rate is below 2%, while GDP is still declining in France, Italy, and Spain. And this slow rate of growth has kept the eurozone’s total unemployment rate at a painfully high 12%…” Link

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Harvard Professor Martin Feldstein : A Healthy Path To Chinese Consumption Growth

Harvard Professor Martin Feldstein : A Healthy Path To Chinese Consumption Growth. Martin Feldstein, March 31, 2014, Opinion. “China’s economic policymakers want to shift the country’s production away from exports and heavy industry, and to increase the share of consumption in GDP. A relatively simple institutional change to encourage health-care insurance could do much to promote the latter goal…” Link verified June 19, 2014

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Harvard Professor Martin Feldstein : The Future of American Growth

Harvard Professor Martin Feldstein: The Future of American Growth. Martin Feldstein, January 31, 2014, Opinion. “The near-term outlook for the US economy has improved, owing to the sharp increase in household wealth in 2013, together with the end of the fiscal drag caused by the increase in tax rates in 2012. The United States now has a chance to raise real (inflation-adjusted)per capita GDP faster than the feeble 1.7% average rate recorded during the four years since growth resumed in the summer of 2009. Of course, significantly faster GDP growth in 2014 is not guaranteed. For starters, achieving it requires overcoming the negative impact…”  Link verified March 28, 2014

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Harvard Professor Martin Feldstein : Looking Up in 2014?

Harvard Professor Martin Feldstein : Looking Up in 2014?. Martin Feldstein, December 31, 2013, Opinion. “For the past six years, I have been skeptical about the standard optimistic forecasts of the pace of US economic growth in the year ahead. Where most forecasters and policy officials saw green shoots and reasons for confidence, I saw strong headwinds that would cause an economic downturn and then a subpar recovery. But I think the evidence for 2014 is more balanced. Although there are serious risks facing the US economy in the coming year, there is also a good chance that growth will be substantially stronger than it has been since before the recession began…” Link verified April 3, 2014

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Saving the Fed From Itself

Saving the Fed From Itself. Martin Feldstein, December 8, 2013, Opinion. “The Federal Reserve is pursuing a very risky monetary policy. Its leaders — the departing chairman, Ben S. Bernanke, and the vice chairwoman, Janet L. Yellen, whom President Obama has nominated to succeed him — are correct that the American economy needs more stimulus, and they believe that the central bank, because of political paralysis, is the only game in town. But if Congress and the Obama administration could agree on a fiscal stimulus that goes beyond a short-term budget deal, the Fed would not have to take such risks…” Link verified April 3, 2014

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The Greek Budget Myth

The Greek Budget Myth. Martin Feldstein, November 27, 2013, Opinion. “Recently, newspaper headlines declared that Greece would have a balanced budget for 2013 as a whole. The news came as quite a shock: Recall that when Greek officials came clean about the true state of their country’s public finances in 2010, the budget deficit was more than 10% of GDP – a moment of statistical honesty that triggered the eurozone debt crisis. It seemed too good to be true that the Greek deficit would be completely eliminated in just three years. In fact, it is too good to be true. Any reader who went beyond the headlines soon discovered that the prediction of a zero budget deficit was in fact misleading…” Link verified March 28, 2014

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Slowing the growth of U.S. debt

Slowing the growth of U.S. debt. Martin Feldstein, November 11, 2013, Opinion. “The recently established House-Senate budget negotiating committee presents the opportunity to solve two major national problems: preventing the future explosion of the national debt and increasing current growth and employment. These problems have to be solved together. Because monetary policy can do very little to stimulate demand, to have faster growth and more jobs, we need a program of infrastructure spending and pro-investment tax changes. But it would be irresponsible to add…” Link verified March 28, 2014

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A weak euro is Europe’s best means of beating deflation

A weak euro is Europe’s best means of beating deflation. Martin Feldstein, November 7, 2013, Opinion. “The European Central Bank responded correctly to recent news of very low eurozone inflation by loosening policy further. The big question now is whether its decision – reducing the main financing rate from 0.5 to 0.25 per cent – will have a big enough impact to move inflation from less than 1 per cent a year back close to the ECB’s target of 2 per cent. The answer to this question lies in the foreign exchange markets. A lower short-term interest rate will certainly not, by itself, raise inflation through increased spending by businesses and…”  May require purchase or user account. Link verified April 3, 2014

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The Taper Chase

The Taper Chase. Martin Feldstein, September 30, 2013, Opinion. “Global financial markets were stunned when the US Federal Reserve announced on September 18 that it was not ready to begin the widely anticipated reduction in the pace of its “quantitative easing” (QE) program. Fed Chairman Ben Bernanke said that the Fed would continue its monthly purchases of $85 billion of long-term securities. Understanding the reasons for the Fed’s unexpected change of plans may help to anticipate what is coming next. After Bernanke announced in May that the Fed intended to “taper” QE, investors began to expect that some reduction in the pace of asset purchases might begin in the early fall…” Link

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