Martin Feldstein

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either…

— Martin Feldstein

The more competitive value of the dollar turned around the trade deficit.

— Martin Feldstein

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

— Martin Feldstein

Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending…

— Martin Feldstein

I think that over the last few decades, we have seen better economic outcomes than in the past.

— Martin Feldstein

And finally, no matter how good the science gets, there are problems that inevitably depend on judgment, on art, on a feel…

— Martin Feldstein

Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and that the cost of reducing inflation was…

— Martin Feldstein

Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more…

— Martin Feldstein

First, I think the science of monetary economics has clearly gotten better.

— Martin Feldstein

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to…

— Martin Feldstein

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks,…

— Martin Feldstein

We are particularly poor at the open economy issues.

— Martin Feldstein

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just…

— Martin Feldstein

We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the…

— Martin Feldstein

A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it…

— Martin Feldstein

The good news is that a competitive dollar in the global market and a strong dollar at home are compatible in both…

— Martin Feldstein

So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think…

— Martin Feldstein

Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever…

— Martin Feldstein

My theme this evening is that America needs a competitive dollar.

— Martin Feldstein

Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty…

— Martin Feldstein

Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained…

— Martin Feldstein

An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those…

— Martin Feldstein

After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports…

— Martin Feldstein

The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than…

— Martin Feldstein

Domestic inflation reflects domestic monetary policy.

— Martin Feldstein