Archive of Articles by Martin Feldstein
Economic Research Papers
"Rethinking Social Insurance" Presidential Address to American Economic Association, January 8, 2005.
(Full text as published in American Economic Review, March 2005)
Chinese translation as published in Journal of Comparative Economics, April 2006
Social Security Reform -- Non-Technical Papers
Public Finance in China: Reform and Growth for a Harmonious Society, World Bank, 2007, chapter 17
(Chinese translation)
Realizing the Potential of China's Social Security Pension System, , February 24, 2006
With Jeffrey Liebman (Published in China Economic Times and reprinted in Jiwei Lou and Shuilin Wang, editors)
Saving Social Security, July 2005
Structural Reform of Social Security, Spring 2005
(Full text as published in Journal of Economic Perspectives)
(Chinese translation)
The $110,000 Question, September 2004
Fact vs. Fancy: The Skinny on Social Security, August 2004
Reducing the Risk of Investment-Based Social Security Reform: A Progress Report,
August 2004
The Future of Social Security Pensions in Europe,
September 2001
Social Security Reform and Fiscal Policy in the
Clinton Administration, June 28, 2001
Bush's All-Gain, No-Pain Retirement Plan, The Washington Post, July 17, 2000
Allocating Payroll Tax Revenue To Personal Retirement Accounts,Tax Notes, June 19, 2000
Bush's Low-Risk Pension Reforms, The New York Times, May 22, 2000
Common Ground on Social Security, The New York Times, March 31, 1999
Social Security Reform, America's Golden Opportunity,Economist, March 13, 1999
Clinton's Social Security Sham, February 1, 1999
How To Save Social Security, The New York Times,July 27, 1998
Savings Grace, The New Republic, April 6, 1998
Let's Really Save Social Security, Wall Street Journal, February 10, 1998
A New Era of Social Security, The Public Interest, Winter 1998
Articles in the Wall Street Journal
ObamaCare's Crippling Deficits , September 7, 2009
ObamaCare Is All About Rationing, August 18, 2009
How to Save an "Underwater" Mortgage , August 7, 2009
Tax Increases Could Kill the Recovery , May 13, 2009
Geithner's Bank Plan is a Good Start, April 4, 2009
Defense Spending Would Be Great Stimulus , December 24,2008
How to Help People Whose Home Values Are Underwater , November, 2008
The Problem Is Still Falling House Prices, October, 2008
John McCain Has a Tax Plan To Create Jobs , Joint with John B. Taylor, September, 2008
The Tax Rebate Was a Flop. Obama's Stimulus Plan Won't Work Either. , August, 2008
We Can Lower Oil Prices Now , July, 2008
Enough With the Interest Rate Cuts ,April, 2008
How to Stop the Mortgage Crisis ,March, 2008
Our Economic Dilemma,February, 2008
How to Avert Recession ,December, 2007
Social Security Compromise,October, 2007
Liquidity Now!,September, 2007
The Fed's Difficult Task , August, 2006
Tradeable Gasoline Rights , June, 2006
The Dollar at Home -- and Abroad , April, 2006
There's More to Growth than China ..., February, 2006
Raise Taxes on Savings? Tell Joe It Ain't So!, December 2005
Saving Social Security, July 2005
The $110,000 Question, September 1, 2004
Fact vs. Fancy: The Skinny on Social Security, August 17, 2004
Here Are the Facts, February 12, 2004
Health and Taxes, January 19, 2004
There's No Such Thing As a 'Jobless' Recovery, October 10, 2003
Stimulate Now, March 4, 2003
Argentina Doesn't Need the IMF, May 28, 2002
Tax Cuts, Rate Cuts Put the Economy Back on Track, March 13, 2002
Vouchers Can Free Us From Foreign Oil, December 27, 2001
Don't Cut Taxes - Yet, September 28, 2001
Democrats Play Politics With Social Security, August 2, 2001
Japan Needs To Stimulate Spending, July 16, 2001
The 28% Solution, February 16, 2001
Kill the Death Tax Now..., July 14, 2000
Bush's Tax Plan Is Even Better Than the Campaign Says, March 28, 2000
Europe Can't Handle the Euro, February 8, 2000
Bush's Tax Plan Makes Sense, December 6, 1999
Dr. Bradley's Bad Medicine, October 19, 1999
Japan's Yen for a Weak Currency, September 24, 1999
The Truth About the Surplus, August 6, 1999
What Next for Japan?, June 17, 1999
What the IMF Should Do, October 6, 1998
All Is Not Lost for the Won, June 2, 1998
Don't Raise Rates Now, May 13, 1998
Let's Really Save Social Security, February 10, 1998
Japan's Folly Drags Asia Down, November 25, 1997
Dont Waste the Budget Surplus, November 4, 1997
Articles in the Financial Times, Washington Post, New York Times and Foreign Affairs
Dollar Weakness Reflects a New Role for Reserves, The Financial Times, December 10, 2009
Obamacare's Nasty Surprise, The Washington Post, November 9, 2009
Why the renminbi has to rise to address imbalances, The Financial Times, October 29, 2009
A Better Way to Health Reform, The Washington Post, October 8, 2009
Obama's Plan Isn't the Answer, The Washington Post, July 28, 2009
Does the US Need Another Fiscal Stimulus, The Washington Post, July 12, 2009
The Fed must reassure markets on inflation, The Financial Times, June 29, 2009
Cap-and-Trade: All Cost, No Benefit, The Washington Post, June 1, 2009
Inflation is looming on America's horizon The Financial Times, April 19, 2009
A Deduction From Charity, The Washington Post, March 25, 2009
An $800 Billion Mistake, The Washington Post, January 29, 2009
The Stimulus Plan We Need Now - The President-Elect Won't Have to Wait Till January to Act, The Washington Post, October 30, 2008
A Chapter for Detroit to Open, The Washington Post, November 18, 2008
The Power of Oil Consumers, The Washington Post, Joint with Henry Kissinger, September 18, 2008
How to shore up Americas crumbling housing market, The Financial Times, August 26,2008
The crisis: a tale of two monetary policies The Financial Times , August 7, 2008
A Home Price Firewall, The Washington Post, June 19,2008
Saudi Arabia should ditch its dollar peg, The Financial Times, June 18,2008
Misleading growth statistics give false comfort, The Financial Times, May 7,2008
The dollar may be falling at just the right time, The Financial Times, March 28,2008
A more competitive dollar is good for America, The Financial Times , October 15, 2007
The Underfunded Pentagon, Foreign Affairs, March/April 2007
Immigration is no way to fund an ageing population,The Financial Times, December 13,2006
Europe has to face the threat of America's trade deficit, The Financial Times , August 2,2006
The Return of Saving,Foreign Affairs , May/June 2006
Falling Dollar Sets Test for Asia and Europe, The Financial Times , May 26, 2006
What Remains of Keynes' Work in Today'sEconomics?, The Financial Times Deutschland , April 21,2006
America will fall harder if oil prices rise again,The Financial Times, February 2006
Why Uncle Sam's bonanza might not be all that it seems, The Financial Times, January 2006
Fiscal Activism Would Speed a Recovery,The Financial Times, August 2003
Britain Must Avoid Germany's Mistake,The Financial Times, April 2003
Accounting for Taxpayer Behavior, The Washington Post, April 2003
Argentina's Fall: Lessons From the Latest Financial Crisis, Foreign Affairs, March/April 2002
A productivity divide: US economic performance will rebound but Europe risks being left behind,The Financial Times, June 28, 2001
A Self-Help Guide for Emerging Markets, Foreign Affairs, March/April, 1999
Refocusing the IMF, Foreign Affairs, March/April 1998
The Case for Privatization, Foreign Affairs, July/August 1997
EMU and International Conflict, Foreign Affairs, November/December 1997
Articles in Project Syndicate
Is Gold a Good Hedge? Project Syndicate , December, 2009
Can the Euro Zone Survive Economic Recovery? Project Syndicate , November, 2009
The Global Impact of America's Health Care Debate Project Syndicate , October, 2009
The G-20's Empty Promises Project Syndicate , September, 2009
The Global Impact of America's Housing Crisis Project Syndicate , August, 2009
America's Saving Rate and the Dollar's Future Project Syndicate , July, 2009
Will Cap-and-Trade Incite Protectionism? Project Syndicate , June, 2009
Has the US Recovery Begun? Project Syndicate , May, 2009
Deflation Doldrums? Project Syndicate , April, 2009
China's Recovery and Global Growth Project Syndicate , March, 2009
The Black Hole in America's GDP Project Syndicate , February, 2009
The Case for Fiscal Stimulus Project Syndicate , January, 2009
Will the Euro Survive the Current Crisis? Project Syndicate , December, 2008
America's Economic Challenge Project Syndicate,September 2008
What is the Dollar's Sustainable Value?, Project Syndicate, July, 2008
Dollar and the Price of Oil Syndicate, May, 2008
The Declining Dollar , Project Syndicate March 12,2008
Other Non-Technical Papers
The Exploding Carbon Tax, The Weekly Standard, June 22, 2009
Rethinking the Role of Fiscal Policy, Presented at the AEA meetings , January, 2009
Lessons of China's Economic Growth: Comment, Presented at the AEA meetings , January, 2009
Reflections on Americans' Views of the Euro Ex Ante, Presented at the AEA meetings , January, 2009, VoxEu.org, 26 January 2009
The Economic Stimulus and Economic Growth, Full Statement for the House Democratic Steering Committee, January 7, 2009
The Economic Stimulus and Economic Growth, Short Testimony to the House Democratic Steering Committee, January 7, 2009
Testimony to House Financial Services Committee, November 18, 2008
Optimal Currency Areas, ECBs Fifth Central Banking Conference, November 14, 2008
The Breakup of the Euro Area: Comment , October, 2008
TV Interview with Charlie Rose on Financial Crisis, September 30, 2008
Credit and the Real Business Cycle, Remarks at the 2008 Money and Banking Seminar of the Central Bank of Argentina
The Current Economic Context, Opening remarks for the Federal Reserve Bank of Kansas City Conference on Maintaining Stability in a Changing Financial System, Jackson Hole, Wyoming, August 22, 2008
Stepping Down as NBER President, Remarks at the NBER Summer Institute, July 24, 2008
Monetary Policy Challenges in the Decade Ahead, Remarks at the 7th Bank for International Settlements Annual Conference, June 2008
Testimony to Senate Finance Committee, January 24, 2008
Designing Institutions to Deal with Terrorism in the United States,, Presented at the AEA meetings, January, 2008
Did Wages Reflect Growth in Productivity?, Presented at the AEA meetings, January, 2008
Testimony to House Budget Committee, December 05, 2007
Housing, Housing Finance and Monetary Policy: , Remarks at the 2007 Jackson Hole conference of the Kansas City Federal Reserve, September,2007
The Revolution in Economic Thinking and Practice:, Remarks at the Bradley Foundation Award Ceremony, May 3, 2007
Why is the Dollar So High?, American Economic Association, April, 2007
Balancing The Goals Of Health Care Provision And Financing, Health Affairs, November/December 2006 - Volume 25, Number 6
Remarks to Institute for Defense Analysis and at West Point, 2006
The New Economic Geography: A Comment, remarks at the 2006 Jackson Hole conference of the Kansas City Federal Reserve, August 2006
Taxes on Investment Income Remain Too High and Lead to Multiple Distortions , The Economists' Voice, Vol. 3 (2006): Iss. 6, Article 5
Central Banking: Is Science Replacing Art? Comments at European Central Bank conference in honor of Otmar Issing, March 17, 2006
The Effect of Taxes on Efficiency and Growth, Tax Notes, May 8, 2006.(Remarks Presented at National Association for Business Economists, WDC , March 14, 2006)
The Case for a Competetive Dollar,Remarks at the Annual SIEPR Summit, Stanford University,March 3, 2006
The Euro and the Stability Pact, American Economic Association, January 2005
Risk and Uncertainty in Monetary Policy: Comments on Remarks by Chairman Alan Greenspan, American Economic Association, January 2004
Monetary Policy in an Uncertain Environment, In Monetary Policy and Uncertainty, 2003 Federal Reserve Bank of Kansas City, Jackson Hole Conference Volume
Banking, Budgets, and Pensions: Some Priorities for Chinese Policy, Presented at China Development Research Council Forum, March 2003
Why is Productivity Growing Faster?, Presented at the AEA meetings, January 2003
Reducing America's Dependence on Foreign Oil Supplies, Presented at the AEA meetings, January 2003
Germany's Economic Ills,Essays in Honor of Horst Siebert, 2003
Deflation,November 2002
Milton Friedman and Public Sector Economics, November 2002
A New Strategy for Social Security Investment in Latin America Inter-American Conference on Social Security, Mexico, October 2002
Is There a Role for Discretionary Fiscal Policy? Jackson Hole Federal Reserve Bank Conference, August 2002
The President's Tax Cut Proposal,Testimony to The Senate Budget Committee, February 13, 2001
The President's Tax Cut Proposal,Testimony to The Ways and Means Committee, February 13, 2001
The Transformation of Public Economics Research: 1970-2000,Journal of Public Economics, September 2001
Oil Dependence and National Security: A Market-based System for Reducing U.S. Vulnerability, The National Interest, November 2001
Anna Schwartz at the National Bureau of Economic Research,Remarks made at a dinner honoring Anna Schwartz's 85th birthday, April 14, 2000
Dubyanomics Beats Goremlessness,The Spectator: City and Finance Special Issue, September 30, 2000
Three Decades of Economic Change, JP Morgan - A Fiftieth Meeting Celebration - 2000
A "New Economy" in the United States?, remarks at The Trilateral Commission, 2000 Tokyo Meeting
The NBER-Sloan Project on Productivity Change, remarks at AEA, January 2000
The European Central Bank and the Euro: The First Year, remarks at AEA, January 2000
Protecting Retirement Incomes,written testimony before the Senate Finance Committee, March 16, 1999
Reducing poverty, not inequality, The Public Interest, Fall 1999
No New Architecture, The International Economy, September/October 1999
Avoiding Currency Crises, August 1999
Finally, We're Ready to Cut, but How?, New York Times, July 21, 1999
Much Too High a Price to Pay, The Daily Telegraph, July 2, 1999
The Euro Risk, Time Magazine, January 25, 1999
The Euro Risk, Time (Europe) Magazine, January 25, 1999
Europe's Great Leap of Faith, The New York Times, January 4, 1999
DEFLATION: Don't Panic, The New Republic, November 2, 1998
How to save the rouble, The Financial Times, Wednesday July 8, 1998
Europe's New Challenge to America, The New York Times, May 7, 1998
Savings Grace, The New Republic, April 6, 1998
Trying to do too much, The Financial Times, Thursday March 5, 1998
Europe's Monetary Union the Case Against EMU, The Economist, June 13, 1992
Boston Globe articles with Kathleen Feldstein
A Rebounding Economy Can Strand Worker, Sunday, February 17, 2002
Uncertainties could derail recovery, Tuesday, January 1, 2002
From Recession to Recovery, Tuesday, December 4, 2001
Global Weakness Won't Drag Us Down, Tuesday, November 6, 2001
Using Economic Weapons, Tuesday, October 16, 2001
A Most Important Number, Tuesday, August 14, 2001
A Welfare-to-Work Success Story, Tuesday, July 17, 2001
The Revolution in Shanghai, Tuesday, June 19, 2001
Looking for Signs of Recession?, Tuesday, May 22, 2001
The Strong Dollar Puzzle, Tuesday, April 24, 2001
Trouble in Tokyo, Tuesday, March 27, 2001
Estate tax repeal makes sense, Tuesday, February 27, 2001
The Budget Surplus and the Tax Cut, Tuesday, January 30, 2001
An Inspired Choice at Treasury, Tuesday, January 2, 2001
A Good Economy for the New President, Tuesday, December 5, 2000
Economic risks from abroad, Tuesday, November 7, 2000
A clear choice on tax policy, Tuesday, October 10, 2000
A Social Security Solution, Tuesday, September 12, 2000
The Candidates' Acid Test, Tuesday, August 15, 2000
Closing our $1b-a-day gap, Tuesday, July 18, 2000
Bushs plan to close the gaps, Tuesday, June 20, 2000
Economy's hot, but Gore's not, Tuesday, May 23, 2000
Sorting out the budget surplus, Tuesday, April 25, 2000
Spending tomorrow's income, Tuesday, March 28, 2000
Poor solution to oil problem, Tuesday, February 29, 2000
China gambles on WTO entry, Tuesday, February 1, 2000
Tax rates that benefit no one, Tuesday, January 4, 2000
Policy before national pride, Tuesday, December 7, 1999
Setting goals for the WTO, Tuesday, November 9, 1999
Economy in Fed's hands, October 12, 1999
Words from the wise man, September 14, 1999
Time to make a choice, August 17, 1999
Saving Grace, July 20, 1999
The case for raising rates, June 22, 1999
Treasury in good hands, May 25, 1999
Social Security's Surplus, April 27, 1999
Medicare should include drugs, March 30, 1999
US, stocks not a good mix, February 2, 1999
Ireland's euro struggle, January 5, 1999
The Euro and Price Stability, December 15, 1998
Averting Crisis in Brazil, November 10, 1998
Put budget surplus to use, October 13, 1998
Yuan likely to remain stable, September 15, 1998
A Penny Saved? Hardly, August 18, 1998
Fed should leave rates alone, July 21, 1998
A marriage proposal, June 23, 1998
Raising the curve in education, May 26, 1998
To IMF: First do no harm, April 28, 1998
Fed won't desert its post, March 31, 1998
Japan's the cause, not cure, March 3, 1998
Who's watching the windfall?, February 3, 1998
Keep your eyes on the dollar, January 6, 1998
A new Old World, December 9, 1997
No Asian contagion looms, November 11, 1997