Martin Feldstein quotes - page 2

The more competitive value of the dollar turned around the trade deficit. (Martin Feldstein)
An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers. View quote
Martin Feldstein
We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation. View quote
Martin Feldstein
Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more. View quote
Martin Feldstein
Inflation is lower and more stable and the real business cycle fluctuations are more modest. View quote
Martin Feldstein
Unfortunately, several decades of Keynesian instruction on the virtues of budget deficits have left the public and our political leaders confused about the costs of running persistent deficits. [...] Keynes has been that influential defunct scribbler for the past generation. But who would ever have thought that the politician hearing Keynes's voice in the air might be Ronald Reagan. View quote
Martin Feldstein
The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product. View quote
Martin Feldstein
But the primary reason for wanting the dollar to become more competitive in the near future is that we may need an increase in exports this year and in 2007 to sustain the economy's current pace of expansion. View quote
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 12 months and by a total of 37 percent by the beginning of 1988. View quote
Martin Feldstein
Household saving fell from 2.5 per cent of after-tax income in the third quarter of 2003 to a remarkable minus 1.8 per cent two years later. View quote
Martin Feldstein
The legacy of Keynesian economics. (Martin Feldstein)
A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output. View quote
Martin Feldstein
My theme this evening is that America needs a competitive dollar. View quote
Martin Feldstein
I think that over the last few decades, we have seen better economic outcomes than in the past. View quote
Martin Feldstein
Today's macroeconomic problems require attention to more fundamental forces of individual incentives and institutional rigidities. View quote
Martin Feldstein