Found 84 article(s) for author 'Martin Feldstein'

The Fed’s Needless Flirtation With Danger

The Fed’s Needless Flirtation With Danger. Martin Feldstein, December 26, 2014, Opinion. This week’s good economic news — consumer spending up sharply in November over October, and a surge in third-quarter GDP growth to a 5% annual rate — give a clear signal of the likely economic strength in 2015. But it is worth remembering the unusual challenge of restarting the economy after the downturn in 2008 and the risks involved in the Fed’s strategy of quantitative easing…” May require purchase or user account. Link

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The Geopolitical Impact of Cheap Oil

The Geopolitical Impact of Cheap Oil. Martin Feldstein, November 26, 2014, Opinion. “The price of oil has fallen more than 25% in the past five months, to less than $80 a barrel. If the price remains at this level, it will have important implications – some good, some bad – for many countries around the world. If it falls further, as seems likely, the geopolitical consequences on some oil-producing countries could be dramatic…” Link

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The Fed’s Systemic-Risk Balancing Act

The Fed’s Systemic-Risk Balancing Act. Martin Feldstein, August 11, 2014, Opinion. “The Federal Reserve Board of Governors recently warned of the possibility of excesses in asset markets but concluded that, at least for now, if there is a need to act it will not be done by raising interest rates but by relying on “macroprudential” policy tools to reduce systemic risk. We are not expressing a view on whether there are current financial excesses that are potentially destabilizing—that is always hard to judge—or whether the Fed should raise rates now to deal with such possible risks…” May require purchase or user account. Link

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America’s Move to Faster Growth by Martin Feldstein

America’s Move to Faster Growth. Martin Feldstein, May 28, 2014, Opinion. “Last December, I speculated that GDP growth in the United States would rise in 2014 from the subpar 2% annual rate of the previous four years to about 3%, effectively doubling the per capita growth rate. Now that the US economy is past the impact of the terrible weather during the first months of the year, output appears to be on track to grow at a healthy pace. The primary driver of this year’s faster GDP growth is the $10 trillion rise in household wealth that occurred in 2013. According to the Federal Reserve, that increase reflected a…” Link verified August 21, 2014

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Piketty’s Numbers Don’t Add Up

Piketty’s Numbers Don’t Add Up. Martin Feldstein, May 14, 2014, Opinion. “Thomas Piketty has recently attracted widespread attention for his claim that capitalism will now lead inexorably to an increasing inequality of income and wealth unless there are radical changes in taxation…..” May require purchase or user account. Link verified August 26, 2014

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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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