Phrase by 'Martin Feldstein'

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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.

Author: Martin Feldstein - American Economist
  Will , America , American , Price


Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.

Author: Martin Feldstein - American Economist
  Just , Change , Changes , Uncertainty


After all, an overvalued dollar gives us the ability to buy foreign goods at lower prices. And the existing volume of exports brings more yen and euros than they would if the dollar were more competitive.

Author: Martin Feldstein - American Economist
  More , Ability , Us , Buy


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.

Author: Martin Feldstein - American Economist
  Need , Future , Reason , Year


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.

Author: Martin Feldstein - American Economist
  More , Will , Happen , Year


If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth.

Author: Martin Feldstein - American Economist
  Home , Path , Strong , Growth


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.

Author: Martin Feldstein - American Economist
  Business , High , Growth , Rise


Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.

Author: Martin Feldstein - American Economist
  Work , Run , Government , Growth


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

Author: Martin Feldstein - American Economist
  Think , Better , Past , Economic


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

Author: Martin Feldstein - American Economist
  More , Business , Real , Inflation


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