Martin Feldstein, Professor of Economics at Harvard University and President Emeritus of the National Bureau of Economic Research, chaired President Ronald Reagan’s Council of Economic Advisers from 1982 to 1984. In 2006, he was appointed to President Bush's Foreign Intelligence Advisory Board, and, in 2009, was appointed to President Obama's Economic Recovery Advisory Board. Currently, he is on the board of directors of the Council on Foreign Relations, the Trilateral Commission, and the Group of 30, a non-profit, international body that seeks greater understanding of global economic issues.
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Martin Feldstein
Commentaries by Martin Feldstein
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China’s New Path
CAMBRIDGE – The opaque nature of China’s government makes it difficult to see where Chinese economic policy is heading, and thus how the Chi…
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When Interest Rates Rise
CAMBRIDGE – Long-term interest rates are now unsustainably low, implying bubbles in the prices of bonds and other securities. When interest …
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Two Dollar Fallacies
CAMBRIDGE – The United States’ current fiscal and monetary policies are unsustainable. The US government’s net debt as a share of GDP has do…
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The Wrong Growth Strategy for Japan
CAMBRIDGE – Japan’s new government, led by Prime Minister Shinzo Abe, could be about to shoot itself in the foot. Seeking to boost economic …
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India’s Second Wind
NEW DELHI – The Indian economy is coming back. After several years of disappointing performance, the authorities are shifting to policies ai…
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Avoiding a New American Recession
CAMBRIDGE – The United States may be headed for a recession in 2013. Even if the country avoids going over the “fiscal cliff,” a poorly desi…
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An Optimistic Case for the Euro
CAMBRIDGE – The prospects for the euro and the eurozone remain uncertain. But recent events at the European Central Bank, in Germany, and in…
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Fixing America’s Fiscal Problem
CAMBRIDGE – With America’s elections less than six weeks away, it is time to think seriously about what will be done afterwards to deal with…
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Is Inflation Returning?
CAMBRIDGE – Inflation is now low in every industrial country, and the combination of high unemployment and slow GDP growth removes the usual…
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Dos and Don’ts for the European Central Bank
CAMBRIDGE – Recent statements by European Central Bank President Mario Draghi and Bank Governor Ewald Nowotny have reopened the debate about…
China’s New Path
Frank O'Callaghan: There are big questions for China. Continuing urbanization is a threat if there is high unemployment and social unrest. Sharp increases in world food prices threaten this. The other great Chinese …
India’s Second Wind
Varadarajan Seshamani: The prime reason for the labour situation being inefficient, is the set of peculiar, socialist loaws that India has. Other factors that may be there are, at best, marginal players in creating problems…