MARTIN FELDSTEIN

Professor of Economics, Harvard University, 1969-
    George F. Baker Professor of Economics, 1984-
President Emeritus, National Bureau of Economic Research

Degrees:
Harvard College, A.B., summa cum laude (1961)
Oxford University, B. Litt. (1963), M.A. (1964), D. Phil. (1967)
Previous Positions:
Chairman, Council of Economic Advisers, 1982-84
Harvard University: Assistant Professor, 1967-68; Associate Professor, 1968-69
President and CEO, National Bureau of Economic Research, 1977-82, 1984-2008
Oxford University:
    Lecturer in Public Finance, 1965-67
    Nuffield College: Research Fellow, 1964-65; Official Fellow, 1965-67
Professional Activities and Honors: Personal Information:
Born: November 25, 1939, New York
Married: Two children
Publications:
Author of more than 300 scientific papers and the author or editor of several books, including Inflation, Tax Rules, and Capital Formation; Taxes and Capital Formation; The United States and the World Economy; Reducing the Risk of Economic Crisis; The Economics of Art Museums; American Economic Policy in the 1980s; Costs and Benefits of Achieving Price Stability; Privatizing Social Security; International Capital Flows; Risk Aspects of Investment Based Social Security Reform (with John Campbell); Distributional Aspects of Social Security Reform (with Jeff Liebman); and Economic and Financial Crises in Emerging Market Economies..

August 2011

Publications List

1. "Economic Analysis, Operation Research and the National Health Service," Oxford Economic Papers, Vol. 15, No. 1, March 1963.

2. "Net Social Benefit Calculation and the Public Investment Decision," Oxford Economic Papers, Vol. 16, No. 1, March 1964.

3. "The Social Time Preference Discount Rate in Cost-Benefit Analysis," The Economic Journal, 1964.

4. "The Problem of Time-Stream Evaluation: Present Values versus Internal Rate of Return Rules," (with J. S. Flemming), Bulletin of the Oxford University Institute of Economics and Statistics, 1964.

5. "Cost Benefit Analysis and Investment in the Public Sector," Public Administration, 1964.

6. "Opportunity Cost Calculations in Cost-Benefit Analysis," Public Finance, Vol. 19, No. 2, 1964.

7. "Hospital Planning and the Demand for Care," Bulletin of the Oxford University Institute of Economics and Statistics, 1964.

8. "The Derivation of Social Time Preference Rates," Kyklos, Vol. 18, 1965.

9. "Improving the Use of Hospital Maternity Beds," Operational Research Quarterly, 1965.

10. "Hospital Bed Scarcity: An Analysis of the Effects of Interregional Differences," Economica, November 1965.

11. "A Binary Variable Multiple Regression Method of Analyzing Factors Affecting Perinatal Mortality and Other Outcomes of Pregnancy," Journal of the Royal Statistical Society, Vol. 129, Part 1, 1966.

12. "Specification of the Labor Input in the Aggregate Production Function," Review of Economic Studies, 1967.

13. Economic Analysis for Health Service Efficiency: Econometric Studies of the British National Health Service (Volume 51 of Contributions to Economic Analysis), Amsterdam: North-Holland Publishing Company, 1967.

14. "Alternative Methods of Estimating a CES Production Function for Britain," Economica, 1967.

15. "The Effectiveness of the British Differential Profits Tax," Economic Journal, 1967.

16. "On the Measurement of Risk Aversion," Southern Economic Journal, Vol. 35, No. 1, July 1968.

17. "Estimating the Supply Curve of Working Hours," Oxford Economic Papers, 1968.

18. "The Interest Rate, Taxation and the Personal Savings Incentive," (with S. C. Tsiang), Quarterly Journal of Economics, 1968.

19. "Uncertainty and Forward Exchange Speculation," Review of Economics and Statistics, Vol. 50, No. 2, May 1968.

20. "The Use of An Econometric Model for Health Sector Planning," in Federal Programs for the Development of Human Resources: A Compendium of Papers Submitted to the Subcommittee on Economic Progress of the Joint Economic Committee, Congress of the United States, 1968.

21. "Shadow Prices in Industrial Project Evaluation," (with J. S. Flemming), in U.N. Industrial Development Organization, Evaluation of Industrial Projects, 1968.

22. "Mean-Variance Analysis in the Theory of Liquidity Preference and Portfolio Selection," Review of Economic Studies, 1969.

23. "The Effects of Taxation on Risk-Taking," Journal of Political Economy, 1969.

24. "Advertising, Research and Profits in the Drug Industry," Southern Economic Journal, 1969.

25. "Corporate Taxation and Dividend Behavior," Review of Economic Studies, 1970.

26. "Choice of Technique in the Public Sector: A Simplification," Economic Journal, 1970.

27. "The Fundamental Determinants of the Interest Rate," (with O. Eckstein), Review of Economics and Statistics, Vol. 52, No. 4, November 1970.

28. "Health Sector Planning in Developing Countries," Economica, Vol. 37, May 1970.

29. "Inflation, Specification Bias and the Impact of Interest Rates," Journal of Political Economy, Vol. 78, No. 6, Nov.-Dec. 1970.

30. "The Rising Price of Physicians' Services," Vol. 52, No. 2, May 1970.

31. "An Aggregate Planning Model of the Health Care Sector," in J. Paelinck, Programming for Europe's Collective Needs, Amsterdam: North-Holland Publishing Company, 1970.

32. "Improving Medical Care Price Statistics," 1969 Proceedings of the Business and Economics Statistics Section of the American Statistical Association, 1970.

33. "An Econometric Model of the Medicare System," Quarterly Journal of Economics, Vol. 85, No. 1, February 1971. (See also "Econometric Analysis of the Medicare Program," in Benefit Cost Analysis of Federal Programs, Joint Economic Committee, U.S. Congress, 1973.).

34. "The Error of Forecast in Econometric Models When the Forecast-Period Exogenous Variables Are Stochastic," Econometrica, Vol. 39, No. 1, January 1971.

35. "The Other Half of Gross Investment: Replacement and Modernization Expenditures," (with D. Foot), Review of Economics and Statistics, Vol. 53, No. 1, February 1971.

36. "Production with Uncertain Technology: Some Economic and Econometric Implications," International Economic Review, Vol. 12, No. 1, February 1971.

37. "Tax Policy, Corporate Saving and Investment Behavior in Britain," (with J. Flemming), Review of Economic Studies, Vol. 38, October 1971.

38. "Hospital Cost Inflation: A Study of Nonprofit Price Dynamics," American Economic Review, Vol, 61, No. 5, December 1971.

39. "A New Approach to National Health Insurance," The Public Interest, No. 23, Spring 1971.

40. The Rising Cost of Hospital Care, published for the National Center for Health Services Research and Development, U.S. Department of Health, Education and Welfare (Washington: Information Resources Press, 1977).

41. "Equity and Efficiency in Public Sector Pricing: The Optimal Two-Part Tariff," Quarterly Journal of Economics, Vol. 86, May 1972.

42. "The Rising Price of Physicians' Services: Reply," Review of Economics and Statistics, Vol. 54, No. 1, February 1972.

43. "The Incidence of the Social Security Payroll Tax: Comment," American Economic Review, Vol. 52, No. 4, Sept. 1972.

44. "Distributional Equity and the Optimal Structured of Public Prices," American Economic Review, Vol. 62, No. 1, March 1972.

45. "The Pricing of Public Intermediate Goods," Journal of Public Economics, 1972, pp. 45-72.

46. "Corporate Taxation and Dividend Behavior: Reply and Further Results," Review of Economic Studies, April, 1972. pp. 235-240.

47. "An Econometric Model of Business Cycles: Discussion," in B. Hickman (ed.), Econometric Models of Cyclical Behavior, Vol. II (New York: Columbia University Press, 1972).

48. "Financing in the Evaluation of Public Expenditure," in W. Smith et al. (eds.), Essays in Public Finance and Stabilization Policy, Amsterdam: North-Holland, 1974.

49. "The Welfare Loss of Excess Health Insurance," Journal of Political Economy, Vol. 81, No. 2, Part 1 March-April 1973.

50. "Distributional Aspects of National Health Insurance Benefits and Finance," (with B. Friedman and H. Luft), National Tax Journal, Vol. 25, No. 4, December 1972.

51. Resource Allocation Model for Public Health Planning, (with M. Piot and T. Sundaresan), published as a Supplement to the Bulletin of the World Health Organization, 1973.

52. "Multicollinearity and the Mean Square Error of Alternative Estimators," Econometrica, Vol. 41, No. 2, March 1973.

53. "Cost Benefit Analysis in Developing Countries: The Evaluation of Projects Financed by Aid and External Loans," in W. David (ed.), Public Finance, Planning and Economic Development: Essays in Honour of Ursula Hicks, (London: Macmillan, 1973).

54. "Distributional Preferences in Public Expenditure Analysis," in H. Hochman and G. Peterson (eds.), The Political Economy of Income Distribution, New York: Columbia University Press, 1974.

55. Lowering the Permanent Rate of Unemployment, Joint Economic Committee, U.S. Congress, Washington, 1973.

56. "Tax Incentives, Corporate Saving, and Capital Accumulation in the United States," Journal of Public Economics, Vol. 2, April 1973.

57. "Distributional Constraints in Public Expenditure Planning," (with H. Luft), Management Science, Vol. 12, No. 12, August 1973.

58. "An Econometric Model of the Medicare System: Reply," Quarterly Journal of Economics, August 1973.

59. "Tax Subsidies of Private Health Insurance: Distribution, Revenue Loss and Effects," (with E. Allison) in The Economics of Federal Subsidy Programs, Joint Economic Committee, U.S. Congress, Washington, July 1974.

60. "Toward An Economic Theory of Replacement Investment," (with M. Rothschild), Econometrica, Vol. 42, No. 3, 1974.

61. "Taxes, Corporate Dividend Policy and Personal Savings: The British Postwar Experience," (with G. Fane), Review of Economics and Statistics, Vol. 55, No. 4, November 1973.

62. "The Quality of Hospital Services: An Analysis of Geographic Variation and Intertemporal Change," in Economics of Health and Medical Care (An I.E.A. Conference), M. Perlman and S. Tsuru (eds.), 1974.

63. "Econometric Studies of Health Economics," in Frontiers of Quantitative Economics II, Vol. 2, M. Intriligator and D. Kendrick (eds.), Amsterdam: North-Holland Publishing Company, 1974.

64. "Multimarket Expectations and the Rate of Interest," (with G. Chamberlain), Journal of Money, Credit and Banking, Vol. 5, No. 4, November 1973.

65. "Tax Incidence in a Growing Economy with Variable Factor Supply," Quarterly Journal of Economics, Vol. 88, November 1974.

66. "The Medical Economy," Scientific American, Vol. 229, No. 3, September 1973.

67. "On the Optimal Progressivity of the Income Tax," Journal of Public Economics, Vol. 2, July 1973.

68. "Economics of the New Unemployment," Public Interest, No. 33, Fall 1973.

69. "Errors in Variables: A Consistent Estimator with Smaller MSE in Finite Samples," Journal of the American Statistical Association, Vol. 69, No. 348, December 1974.

70. "Tax Incentives, Stabilization Policy and the Proportional Replacement Hypothesis: Some Negative Conclusions," Southern Economic Journal, Vol. 40, No. 4, April 1974.

71. "Incidence of a Capital Income Tax in a Growing Economy with Variable Savings Rates," Review of Economic Studies, Vol. 41, No. 4, October 1974.

72. " Neutrality and Local Choice in Public Education," American Economic Review, Vol. 115, No. 1, March 1975.

73. "Social Security, Induced Retirement and Aggregate Capital Accumulation," Journal of Political Economy, Vol. 82, No. 5, September-October 1974.

74. "Unemployment Compensation: Adverse Incentives and Distributional Anomalies," National Tax Journal, Vol. 27, No. 2, June 1974.

75. "The Rising Price of Physicians' Services: A Clarification," (with D. Brown and H. Lapan), The Review of Economics and Statistics, Vol. 104, No. 3, August 1974.

76. "The Income Tax and Charitable Contributions: Part I - Aggregate and Distributional Effects," National Tax Journal, Vol. 28, No. 1, March 1975.

77. "The Income Tax and Charitable Contributions: Part II - The Impact on Religious, Educational and Other Organizations," National Tax Journal, June 1975.

78. "The Effect of National Health Insurance on the Price and Quantity of Medical Care," (with B. Friedman) in The Role of Health Insurance in the Health Services Sector (a Universities-National Bureau of Economic Research Conference), R. Rosett (ed.), No. 27, 1976.

79. "Social Security and Private Savings: International Evidence in an Extended Life Cycle Model," in The Economics of Public Services, an International Economic Association Conference Volume, M. Feldstein and R. Inman (eds.), 1977.

80. "Tax Incentives and Charitable Contributions in the United States: A Microeconometric Analysis," (with C. Clotfelter), Journal of Public Economics, 1976.

81. "Unemployment Insurance: Time for Reform," Harvard Business Review, March-April 1975.

82. "Toward a Reform of Social Security," The Public Interest, No. 40, Summer 1975.

83. "Personal Taxation and Portfolio Composition: An Econometric Analysis," Econometrica, Vol. 44, No. 4, July 1976.

84. "On the Theory of Tax Reform," Journal of Public Economics, 1976.

85. "Charitable Bequests, Estate Taxation and Intergenerational Transfers," in Essays in Urban Economics and Public Finance in Honor of William S. Vickrey, 1976.

86. "Perceived Wealth in Bonds and Social Security: A Comment," Journal of Political Economy, 1976.

87. "Temporary Layoffs in the Theory of Unemployment," Journal of Political Economy, 1976.

88. "The Importance of Temporary Layoffs: An Empirical Analysis," Brookings Papers on Economic Activity, 3:1975.

89. "The Income Tax and Charitable Contributions," (with A. Taylor), Econometrica, Vol. 44, No. 6, November 1976.

90. "Tax Subsidies, the Rational Demand for Insurance and the Health Care Crisis," (with B. Friedman), Journal of Public Economics, 1977.

91. "Social Security and Saving: The Extended Life Cycle Theory," American Economic Review, 1976.

92. "The Unemployment Caused by Unemployment Insurance," Proceedings of the Industrial Relations Research Association, 1976.

93. "The Welfare Cost of Capital Income Taxation," Journal of Political Economy, Vol. 86, No. 2, Part 2, 1978.

94. "Inflation, Income Taxes and the Rate of Interest: A Theoretical Analysis," American Economic Review, 1976.

95. "Taxing Consumption," The New Republic, February 1976.

96. "Social Insurance," in Income Distribution, Colin D. Campbell (ed.), 1977 and in Public Policy, Vol. 25, No. 1, Winter 1977.

97. "Inflation and Taxes in a Growing Economy with Debt and Equity Finance," (with J. Green and E. Sheshinski), Journal of Political Economy, 1978.

98. "Social Security and the Distribution of Wealth ," Journal of the American Statistical Association, 1976.

99. "The Surprising Incidence of a Tax on Pure Rent: A New Answer to an Old Question," Journal of Political Economy, Vol. 85, No. 2, 1977.

100. "Hospital Costs in Massachusetts: A Methodological Study," (with James Schuttinga), Inquiry, Volume 14, March 1977.

101. "Compensation in Tax Reform," National Tax Journal, 1976.

102. "Effects of the Charitable Deduction on Contributions by Low Income and Middle Income Households: Evidence from the National Survey of Philanthropy," (with Michael Boskin), Review of Economics and Statistics, Vol. 119, No. 3, August 1977.

103. "Inventory Behavior in Durable Goods Manufacturing: The Target Adjustment Model," (with Alan Auerbach), Brookings Papers on Economic Activity, 2:1976.

104. "National Saving in the United States," Capital for Productivity and Jobs, The American Assembly, E. Shapiro and W. White (eds.), 1977.

105. "The Social Security Fund and National Capital Accumulation," Funding Pensions: The Issues and Implications, for a Federal Reserve Bank of Boston publication, 1977.

106. "Does the U.S. Save Too Little?" American Economic Review, Vol. 67, No. 1, February 1977.

107. "Quality Change and the Demand for Hospital Care," Econometrica, Vol. 45, No. 7, October 1977.

108. "Seven Principles of Social Insurance," Challenge, 1976.

109. "Corporate Tax Integration: The Estimated Effects on Capital Accumulation and Tax Distribution of Two Integration Proposals," (with Daniel Frisch), National Tax Journal, Vol. 30, No. 1, 1977.

110. "New Evidence on the Distribution of Unemployment Insurance Benefits," National Tax Journal, Vol. 30, No. 2, June 1977.

111. The Rapid Rise of Hospital Costs, (with Amy Taylor), published by the Council on Wage and Price Stability, 1977.

112. "Facing the Social Security Crisis," The Public Interest, No. 47, Spring 1977.

113. "Distributing Federal Education Aid to Low Achievement Pupils: The Predicted Achievement Method," in Evaluation Studies Review Annual, Vol. 2, Marcia Guttentag (ed.), 1977.

114. "Is the Rate of Profit Falling?" (with Lawrence Summers), Brookings Papers on Economic Activity, 1:1977.

115. "The High Cost of Hospitals -- and What to Do About It," The Public Interest, No. 48, Summer 1977.

116. "The Effect of the Capital Gains Tax on the Selling and Switching of Common Stock," (with Shlomo Yitzhaki), Journal of Public Economics, February 1978.

117. "Tax Reform and the Investor," Data Resources Review, August 1977.

118. "Social Security : The Impact of Alternative Inflation Adjustments," (with Anthony Pellechio), in Colin Campbell, Financing Social Security, 1979, 91-117.

119. "The Effect of Unemployment Insurance on Temporary Layoff Unemployment," American Economic Review, 1978.

120. The Economics of Public Services, (edited with Robert Inman), an International Economics Association Conference Volume, London: Macmillan, 1977.

121. "The Effect of a Differential Add-on Grant: Title I and Local Education Spending," Journal of Human Resources, Vol. 13, No. 4, 1978.

122. Corporate Tax Integration: A Quantitative Comparison of Alternatives, (with Daniel Frisch), New York: Tax Foundation, Brief No. 28, 1978.

123. "Inflation, Tax Rules and the Long-Term Interest Rate," (with Lawrence Summers), Brookings Papers on Economic Activity, Vol. 1, January 1978, pp 61-109.

124. "The Private and Social Costs of Unemployment," American Economic Review, Vol. 68, No. 2, May 1978, pp 155-158.

125. "Do Increase National Savings?" Journal of Public Economics, Vol. 10, No. 3, December 1978, pp 277-293.

126. "Corporate Financial Policy and Taxation in a Growing Economy," (with Jerry Green and Eytan Sheshinski), Quarterly Journal of Economics, Vol. XCIII, No. 3, August 1979, pp 411-432.

127. "Social Security and Private Savings: Reply to Barro," American Enterprise Institute, 1978. Journal of Political Economy, Vol 90, No. 3, June 1982, pp 630-642.

128. "The Rate of Return, Taxation, and Personal Savings," The Economic Journal, Vol. 88, September 1978.

129. "Inflation and the Excess Taxation of Capital Gains on Corporate Stock," (with Joel Slemrod), National Tax Journal, Vol. 31, No. 2, June 1978, pp 107-118.

130. "Social Security and Household Accumulation: New Microeconometric Evidence," (with Anthony Pellechio), Review of Economics and Statistics, Vol. 61, No. 3, August 1979, pp 361.

131. "How Inflation Distorts the Taxation of Capital Gains," (with Joel Slemrod), Harvard Business Review, No. 78559, September-October 1978.

132. "The Welfare Cost of Permanent Inflation and Optimal Short-Run Economic Policy," (The Morgan Prize Lecture), Journal of Political Economy, Vol. 87, No. 4, 1979, pp 749-768.

133. "The Lock-In Effect of the Capital Gains Tax: Some Time Series Evidence," (with Joel Slemrod), Tax Notes, Vol. VII, No. 6, August 1978, pp 134-135.

134. "The Optimal Taxation of Foreign Source Investment Income," (with David Hartman), Quarterly Journal of Economics, Vol. XCIII, No. 4, November 1979, pp 613-629.

135. "Alternative Approaches to Compensatory Education: Expenditure Effects," (with Bernard Friedman), Public Finance Quarterly, 1979.

136. "A Contribution to the Theory of Tax Expenditures: The Case of Charitable Giving," Essays in Honor of Joseph Pechman, H. Aaron and M. Boskin (eds.), 1980. See also "Reply to Driessner," Journal of Public Economics, 1980, pp 99-122.

137. "The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains," (with Joel Slemrod and Shlomo Yitzhaki), Quarterly Journal of Economics, Vol. XCIV, No. 4, June 1980, pp 777-791.

138. "The Effect of Social Security on Private Savings: The Time Series Evidence," Social Security Bulletin, Vol. 42, No. 5, May 1979, pp 36-39.

139. "Fiscal Policies, Inflation and Capital Formation," American Economic Review, Vol. 70, No. 4, September 1980, pp 636-650.

140. "Inflation and the Stock Market," American Economic Review, Vol. 70, No. 5, December 1980, pp 839-847.

141. "The Effect of Social Security on Saving," (The 1979 Frank Paish Lecture to the British Association of University Teachers of Economics), Contemporary Economic Analysis III, 1981.

142. "Social Security Hobbles Our Capital Formation," Harvard Business Review, No. 79449, July/August 1979.

143. "Taxes, Inflation, and Capital Formation," National Tax Journal, Vol. 32, No. 3, 1979.

144. "Teenage Unemployment: What is the Problem?" (with David Ellwood), R.B. Freeman, D.A. Wise, eds. The Youth Labor Market Problem: Its Nature, Causes and Consequences, Chicago: University of Chicago, 1982, pp 17-33.

145. "Inflation and the Taxation of Capital Income in the Corporate Sector," (with Lawrence Summers), National Tax Journal, Vol. 32, No. 4, 1979, pp 445-470.

146. "Personal Taxation, Portfolio Choice and the Effect of the Corporation Income Tax," (with Joel Slemrod), Journal of Political Economy, Vol. 88, No. 5, October 1980, pp 854-866.

147. "The New Economics and Government Policy," Business Horizons, No. 79401, 1979.

148. "Domestic Savings and International Capital Flows," (with Charles Horioka), The 1979 W. A. Mackintosh Lecture at Queen's University, Economic Journal, June 1980, 90(358), pp 314-329.

149. "International Differences in Social Security and Saving," Journal of Public Economics, October 1980, 14(2), pp 225-244.

150. "Inflation, Tax Rules and the Stock Market," Journal of Monetary Economics, July 1980, 6(3), pp 309-331.

151. "Tax Rules and the Mismanagement of Monetary Policy," American Economic Review, Vol. 70, No. 2, May 1980, pp 182-186.

152. The American Economy In Transition (Introduction and editor), The Sixtieth Anniversary Volume of the National Bureau of Economic Research, 1981.

153. Hospital Costs and Health Insurance, Cambridge: Harvard University Press, 1981.

154. "Social Security Benefits and the Accumulation of Preretirement ," The Determinants of National Saving and, Proceedings of a 1980 International Economic Association Conference, and in The Determinants of National Saving, Franco Modigliani and Richard Hemming (eds.), New York: St. Martin’s Press, 1983, pp 3-23.

155. "The Distribution of the U.S. Capital Stock Between Residential and Industrial Uses," Economic Inquiry, Vol. 19, No. 1, January 1981, pp 26-37.

156. "Inflation, Tax Rules, and the Prices of Land and Gold," Journal of Public Economics, 14(3), December 1980, pp 309-317.

157. "Government Deficits and Aggregate Demand," Journal of Monetary Economics, 9(1), January 1982, pp 1-20.

158. "Adjusting Depreciation in an Inflationary Economy," National Tax Journal, Vol. 34, No. 1, March 1981, pp 29-43.

159. "Inflation, Portfolio Choice, and the Prices of Land and Corporate Stock," American Journal of Agricultural Economics, 62(5), December 1980, pp 910-916.

160. "Private Pensions and Inflation," American Economic Review, Vol. 71, No. 2, May 1981, pp 424-428.

161. "Why Do Companies Pay Dividends?" (with Jerry Green), American Economic Review, 73(1), March 1983, pp 17-30.

162. "Pension Funding, Share Prices and National Saving," (with Stephanie Seligman), Journal of Finance, 36(4), September 1981, pp 801-824.

163. "Social Security and Private Savings: Reply," Journal of Political Economy, Vol. 90, No. 3, June 1982, pp 630-642.

164. "Inflation and the Taxation of Capital in the Corporate Sector: Reply," (with Lawrence Summers), National Tax Journal, Vol. 33, No. 4, December 1980, pp 485-488.

165. "Inflation, Capital Taxation and Monetary Policy," in R. E. Hall (ed.), Inflation: Causes and Effects, Chicago: University of Chicago Press, 1982, pp 153-167.

166. "Simulating Nonlinear Tax Rules and Nonstandard Behavior: An Application to the Tax Treatment of Charitable Contributions," (with Lawrence Lindsey), in M. Feldstein (ed.), Behavioral Simulation Methods in Tax Policy Analysis, Chicago: U of Chicago Press, 1983, pp 139-167.

167. "Alternative Tax Rules and Personal Savings Incentives: Microeconomic Data and Behavioral Simulations," (with Daniel Feenberg), in M. Feldstein (ed.), Behavioral Simulations Methods in Tax Policy Analysis, Chicago: U of Chicago Press, 1983, pp 173-209.

168. Behavioral Simulation Methods in Tax Policy Analysis, (Introduction and editor), NBER Conference Volume, 1983.

169. "'Twas a Night in the Sixties," Journal of Political Economy, Vol. 89, No. 6, 1981, pp 1266-1269.

170. Two Lectures on Macroeconomic Policy, The 1980 Woodward Lectures, Department of Economics, University of British Columbia, Vancouver, B.C. 1980.

171. "Inflation, Tax Rules and Investment: Some Econometric Evidence," The 1980 Fisher-Schultz Lecture of the Econometric Society, Econometrica, Vol. 50, No. 4, July 1982, pp 825-862. See also "Reply to Chirinko," Journal of Public Economics, 1987.

172. "The Retreat from Keynesian Economics," The Public Interest, No. 64, Summer 1981.

173. "Inflation and the Stock Market: Reply," American Economic Review, Vol. 72, No. 1, March 1982, pp 243-246.

174. "The Effective Tax Rate and the Pretax Rate of Return," (with James Poterba and Louis Dicks-Mireaux), Journal of Public Economics, 21(2), July 1983, pp 129-158.

175. "Inflation, Tax Rules and the Accumulation of Residential and Nonresidential Capital Stock," presented at the Conference on Allocational and Structural Consequences of Short-Run Stabilization Policy in Open Economies, Stockholm, September 1981, Scandinavian Journal of Economics, No. 84, No. 2, 1982, pp 293-311.

176. "Private Pensions as Corporate Debt," in B. Friedman (ed.), The Changing Roles of Debt and Equity in Financing U.S. Capital Formation, NBER Conference Volume, 1982, Chicago: University of Chicago Press: pp 75-90.

177. Capital Taxation, Cambridge: Harvard University Press, 1983.

178. "Inflation and the American Economy," The Public Interest, No. 67, Spring 1982.

179. "Pension Funding Decisions, Interest Rate Assumptions and Share Prices," (with Randall Morck), in Financial Aspects of the U.S. Pension System, Zvi Bodie and John Shoven (eds.), Chicago: U. of Chicago Press, 1983.

180. Inflation, Tax Rules and Capital Formation, University of Chicago Press, 1983.

181. "Should Private Pensions Be Indexed?" in Financial Aspects of the U.S. Pension System, Zvi Bodie and John Shoven (eds.), NBER Conference Volume, Chicago: University of Chicago Press: 1983, pp 177-207 and 209-210.

182. "Has the Rate of Investment Fallen?" Review of Economics and Statistics, Vol. 65, No. 1, February 1983, pp 144-149.

183. "The Conceptual Foundations of Supply Side Economics," in Supply Side Economics in the 1980's, proceedings of a conference sponsored by the Federal Reserve Bank of Atlanta and the Emory University Law and Economics Center, March 18, 1982.

184. "Domestic Saving and International Capital Movements in the Long Run and the Short Run," European Economic Review, No. 21 (1-2), 1983, pp 129-151.

185. "The Fiscal Framework of Monetary Policy," Economic Inquiry, 21(1), January 1983, pp 11-23.

186. "The Effects of Taxation on the Selling of Corporate Stock and the Realization of Capital Gains: Reply," (with Joel Slemrod and Shlomo Yitzhaki), Quarterly Journal of Economics, 94(4), 1980, pp 777-791.

187. "Unemployment Insurance and Reservation Wages," (with James Poterba), Journal of Public Economics, 23(1-2), February-March 1984, pp 141-167.

188. "The Optimal Level of Social Security Benefits," Quarterly Journal of Economics, 10(2), May 1985, pp 303-320.

189. "Why the Dollar Is Strong," Challenge, 26(6), February 1984, pp 37-41.

190. "Public Education: Reply," American Economic Review, Vol. 74, No. 4, September 1984, pp 820-821.

191. "The International Debt Problem: From Crisis to Renewed Growth," Challenge, 27(3), July-August 1984, pp 27-30.

192. "International Debt Policy," World Affairs Journal, Vol. 3, No. 1, Winter 1984.

193. "The Welfare Cost of Social Security's Impact on Private Saving," pp. 1-13 in Modern Developments in Public Finance: Essays in Honor of Arnold Harberger, M. Boskin (ed.), Oxford, England: Basil Blackwell, 1987, pp 1-13.

194. "Debt and Taxes in the Theory of Public Finance," Journal of Public Economics, 28(2), November 1985, pp 233-245.

195. "American Economic Policy and the World Economy," Foreign Affairs, 63(5), Summer 1985, pp 995-1008.

196. Handbook of Public Economics, Vol. I , (edited with Alan Auerbach) Amsterdam: North-Holland Publishing Company, 1985.

197. "Tax Rates and Business Investment: Reply", Journal of Public Economics, 32(2), April 1987, pp 389-396.

198. "U.S. Budget Deficits and the European Economies: Resolving the Political Economy Puzzle", American Economic Review, 76(2), May 1986, pp 342-346.

199. "Supply Side Economics: Old Truths and New Claims", American Economic Review, 76(2), May 1986, pp 26-30.

200. "The Social Security Explosion", The Public Interest, No. 81, Fall 1985.

201. "The Effects of Tax Rules on Nonresidential Fixed Investment: Some Preliminary Evidence from the 1980's" (with Joosung Jun) in M. Feldstein (ed.), The Effects of Taxation on Capital Accumulation, University of Chicago Press, 1987.

202. "The Budget Deficit and the Dollar," in NBER Macroeconomics Annual, 1986, S. Fischer (ed.), MIT Press, 1986.

203. "Should Social Security be Means Tested?", Journal of Political Economy, 95(3), June 1987, pp 468-484.

204. The Effects of Taxation on Capital Accumulation, (ed.) University of Chicago Press, 1987.

205. Taxes and Capital Formation, (ed.) University of Chicago Press, 1987, pp 63-72.

206. "Tax Rules and Business Investment," in M. Feldstein (ed.), Taxes and Capital Formation, University of Chicago Press, 1987, pp 63-72.

207. "The Effect of Federal Tax Deductibility on State and Local Taxes and Spending," (with Gilbert Metcalf), Journal of Political Economy, 95(4), August 1987, pp 710-736.

208. "Correcting the Trade Deficit," Foreign Affairs, 65(4), Spring 1987, pp 710-736.

209. "How Far Has the Dollar Fallen?" (with Philippe Bacchetta), Business Economics, 22(4), October 1987, pp 35-39.

210. Restoring Growth in the Debt Laden Third World. A Task Force Report to the Trilateral Commission. (with H. de Carmoy, K. Narusawa, and P. Krugman), 1987.

211. "The Efficiency of Tax Expenditures: Reply", Journal of Public Economics, 33(1), June 1987, pp 133- 136.

212. The United States in the World Economy, (Introduction and Editor), University of Chicago Press, 1988. (See also The United States in the World Economy: A Summary Report, National Bureau of Economic Research, 1987).

213. "Rethinking International Economic Coordination: A Lecture on the Occasion of The Fiftieth Anniversary of Nuffield College, Oxford," Oxford Economic Papers, 1988.

214. "The Effects of Fiscal Policies When Incomes are Uncertain: A Contradiction to Ricardian Equivalence," American Economic Review, 78(1), March 1988, pp 14-23.

215. International Economic Cooperation (Introduction and Editor), University of Chicago Press, 1988. (See also International Economic Cooperation: A Summary Report, National Bureau of Economic Research, 1987.)

216. "Imputing Corporate Tax Liabilities to Individual Taxpayers," The National Tax Journal, 41(1), March 1988, pp 37-59.

217. Handbook of Public Economics Volume II (edited with Alan Auerbach), 1987.

218. "Thinking About International Economic Coordination," Journal of Economic Perspectives, 2(2), Spring 1988, pp 3-13.

219. "Government Debt, Government Spending and Private Sector Behavior Revisited: Comment," (with Douglas Elmendorf) American Economic Review, 80(3), June 1990, pp 589-599.

220. "Keynesian Economics at Harvard College," Challenge, July/August 1988.

221. "Budget Deficits, Tax Incentives and Inflation: A Surprising Lesson from the 1983-84 Recovery," (with Douglas Elmendorf), Tax Policy and the Economy, Vol. 3, 1989, pp 1-23.

222. "The Second Best Theory of Capital Income Taxation," Oxford Economic Papers, 1990 (Reprinted in Taxation, Private Information and Capital.)

223. "National Saving and International Investment," (with Phillipe Bacchetta) in National Saving and Economic Performance Douglas Bernheim and John Shoven, (eds.), the University of Chicago Press, 1991, pp 201-220.

224. "The Case Against Trying to Stabilize the Dollar," American Economic Review, 79(2), May 1989, pp 36-40.

225. "Tax Policy for the 1990s: Personal Saving, Business Investment, and Corporate Debt," American Economic Review, 79(2), May 1989, pp 108-112.

226. "International Trade Effects of Value Added Taxation" (with Paul Krugman) in Taxation in the Global Economy, Assaf Razin and Joel B. Slemrod, (eds.), the University of Chicago Press, 1990.

227. "How the CEA Advises Presidents," Challenge, 32(6), November-December 1989, pp 51-56

228. "Imperfect Annuity Markets, Unintended Bequests, and the Optimal Age Structure of Social Security Benefits," Journal of Public Economics, 41(4), February 1990, pp 31-43.

229. "US Protectionism on the Rise," European Affairs, 1989.

230. Reducing the Risk of Economic Crisis, (Introduction and Editor), University of Chicago Press, 1991.

231. The Economics of Art Museums, (Introduction and Editor), University of Chicago Press, 1991.

232. "International Considerations for U.S. Monetary Policy," in International Financial Integration and the Conduct of U.S. Monetary Policy. (Federal Reserve Bank of New York, 1990.)

233. "The Rationale for, and Effects of, International Economic Policy Coordination: Comment," in International Policy Coordination and Exchange Rate Fluctuations, William H. Branson, Jacob A. Frenkel and Morris Goldstein, (eds.), University of Chicago Press, 1990.

234. The U.S.-Japan Economic Forum (Introduction and Co-Editor with Yutaka Kosai), NBER 1991.

235. "The Budget and Trade Deficits Aren't Really Twins," Challenge, 35/2, March/April 1992, pp 60-63.

236. "The Council of Economic Advisers and Economic Advising in the United States," Economic Journal, 102(414), September 1992, pp 1223-1234.

237. "Social Security Rules and Marginal Tax Rates," (with Andrew Samwick), National Tax Journal, Vol. 45, No. 1, March, 1992, pp 1-22.

238. Comment on "The University in the Marketplace" by Michael Rothschild and Lawrence White" in Studies of Supply and Demand in Higher Education, Charles Clotfelter and Michael Rothschild, (eds.), University of Chicago Press, 1993.

239. "Lessons of the Bretton Woods Experience," in Michael Bordo and Barry Eichengreen, A Retrospective on the Bretton Woods System: Lessons for International Monetary Reform, University of Chicago Press, 1993.

240. "National Security Aspects of US-Japan Economic Relations in the Pacific Asia Region," in J. Frankel and Miles Kahler, Regionalism and Rivalry: Japan and the United States in Pacific Asia, University of Chicago Press, 1993, p 449.

241. "Does One Market Require One Money?", The Policy Implications of Trade and Currency Zones, 1991 Annual Conference of the Federal Reserve Bank of Kansas City, 1992

242. "Investment Policies to Promote Growth," in Symposium on Policies for Long-Run Economic Growth, 1992 Annual Conference of the Federal Reserve Bank of Kansas City, 1993

243. "Tax Reform and the Residential Real Estate Market in the Late 1980s," in Real Estate and the Credit Crunch, Federal Reserve Bank of Boston Conference, 1993

244. American Economic Policy in the 1980s. (Introduction and Editor). University of Chicago Press. 1993

245. "American Economic Policy in the 1980s: A Personal View,: in M. Feldstein (ed.) American Economic Policy in the 1980s. University of Chicago Press. 1993

246. "The Recent Failure of U.S. Monetary Policy," (The 1992 Tinbergen Lecture of the Netherlands Royal Economic Society), De Economist, 141, NR. 1, 1993, pp 29-42.

247. "The Use of a Monetary Aggregate to Target Nominal GDP," (with James Stock) in Monetary Policy, University of Chicago Press, N. Greg Mankiw (ed.), 1994, pp 7-70..

248. "U.S. Commercial Banking: Trends, Cycles and Policy: A Comment," NBER Macroeconomics Annual, 1993

249. "Higher Tax Rates with Little Revenue Gain: An Empirical Analysis of the Clinton Tax Plan," (with Dan Feenberg) Tax Notes, March 22, 1993.

250. "Why Maastricht Will Fail" The National Interest, 1993.

251. "The Integration of World Capital Markets," in Changing Capital Markets: Implications for Monetary Policy, 1993 Annual Conference of the Kansas City Federal Reserve Bank, 1994.

252. "Competing in the World Economy," (The 1993 Adam Smith Address to the National Association of Business Economists), Business Economics, January 1994, pp 7-11.

253. "The Effect of Outbound Foreign Direct Investment on the Domestic Capital Stock," in The Effects of International Taxation on Multinational Corporations, M. Feldstein, J. Hines and R.G. Hubbard (eds.), University of Chicago Press 1995.

254. The Effects of International Taxation on Multinational Corporations, M. Feldstein, J. Hines and R.G. Hubbard (eds.), University of Chicago Press, 1995.

255. "The Effects of Tax Based Incentives on National Saving and Government Revenue," Quarterly Journal of Economics, May 1995, pp 475-494.

256. "College Scholarship Rules and Private Saving," American Economic Review, Vol. 85, No. 3, June 1995.

257. "The Effect of Marginal Tax Rates on Taxable Income: A Panel Study of the 1986 Tax Reform Act," Journal of Political Economy, June 1995, (103:3), pp 551-72.

258. "Tax Rules and The Effect of Foreign Direct Investment on U.S. National Income," in Taxing Multinational Corporations, M. Feldstein, J. Hines, and R.G. Hubbard (eds.), University of Chicago Press, 1995.

259. Taxing Multinational Corporations, M. Feldstein, J. Hines, and R.G. Hubbard (eds.), University of Chicago Press, 1995.

260. "Taxes, Leverage and the National Return on Foreign Direct Investment," in Essays in Honor of Erich Streissler, F. Baltzarek, F. Butschek, and G. Tichy (eds.), Von der Theorie zur Wirtschafspoltick - ein osterreichischer Weg. Stuttgart: Lucius & Lucius, 1998, pp 304-319. NBER Working Paper No. 4689, (March 1994).

261. "The U.S. Fiscal Problem: A Comment," in NBER Macroeconomics Annual, S. Fischer and J. Rotenberg (eds), 1994.

262. "Can State Taxes Redistribute Income?" (with Marian Vaillant), NBER Working Paper No. 4785, (June 1994). Journal of Public Economics, Vol. 68, No. 3, June 1998, pp 369-396.

263. "Tax Policy and International Capital Flows," The 1994 Bernhard Harms Prize Lecture, Welwirtshaftsliches Archiv, 1994:4, pp 675-697 and NBER Working Paper No. 4851, June 1994.

264. "Fiscal Policies, Capital Formation and Capitalism," The 1994 Joseph Schumpeter Lecture to the European Economic Association, European Economic Review, 39 (1995), pp 399-420.

265. "A Major Risk Approach to Health Insurance Reform," (with Jonathan Gruber), in Tax Policy and the Economy, J. Poterba (ed), 1995.

266. "Reducing Supply Side Disincentives to Job Creation: A Comment," Federal Reserve Bank of Kansas City, in Reducing Unemployment: Current Issues and Policy Options, 1995.

267. "Measuring Money Growth When Financial Markets are Changing," (with James Stock), NBER Working Paper No. 4888, October 1994, Journal of Monetary Economics, 37 (1996) pp 3-.

268. "Behavioral Responses to Tax Rates: Evidence from TRA86," American Economic Review, AEA Papers and Proceedings, Vol. 85, No. 2, May 1995.

269. "The Economics of Health and Health Care: What Have We Learned? What Have I Learned?", American Economic Review, Vol. 85. No. 2, May 1995.

270. "The Taxation of Two Earner Families," (with Daniel Feenberg) in The Empirical Foundations of Household Taxation, M. Feldstein and J. Poterba (eds.), 1996.

271. "Tax Avoidance and the Deadweight Loss of the Income Tax," in Review of Economics and Statistics, November 1999, 81(4): pp 674-680. NBER Working Paper No. 5055.

272. The Empirical Foundations of Household Taxation, (ed. with J. Poterba), 1996.

273. "Social Security and Saving: New Time Series Evidence," National Tax Journal, 1996.

274. "Health Care Reform: Comment,"in Victor Fuchs (ed.), Individual and Social Responsibility: Child Care, Education, Medical Care and Long-term Care in America, 1996.

275. "Would Privatizing Social Security Raise Economic Welfare?", in Privatizing Social Security, Martin Feldstein (ed.), (Chicago: Chicago University Press), 1998.

276. "The Effects of Increased Tax Rates on Taxable Income and Economic Efficiency: A Preliminary Analysis of The 1993 Tax Rate Increases," (with Dan Feenberg), in Tax Policy and The Economy 1996, J. Poterba (ed.).

277. "The Costs and Benefits of Going from Low Inflation to Price Stability," in Monetary Policy and Inflation, C. Romer and D. Romer (eds.), (Chicago: University of Chicago Press), 1998.

278. "Would A Consumption Tax Reduce Interest Rates," in Tax Policy and The Economy 1997, J. Poterba (ed.). See also The more technical analysis in "The Effects of a Consumption Tax on The Rate of Interest," NBER Working Paper No.5397.

279. "The Missing Piece in Policy Analysis: Social Security Reform," The Richard T. Ely Lecture, in American Economic Review, 86, No. 2, May 1996, pp 1-14.

280. "Price Stability," in Achieving Price Stability, 1996 Annual Conference of The Federal Reserve Bank of Kansas City, 1997.

281. "How Big Should Government Be?", National Tax Journal, 1997, NBER Working Paper No. 5868.

282. "The Transition Path in Privatizing Social Security." (with Andrew Samwick) in M. Feldstein (ed.) Privatizing Social Security, (Chicago: Chicago University Press), 1998.

283. "Privatizing Social Security: Introduction," in M. Feldstein (ed.), Privatizing Social Security, (Chicago: University of Chicago Press), 1998.

284. Privatizing Social Security, (ed.) (Chicago: Chicago University Press), 1998.

285. "The CEA: From Stabilization to Resource Allocation," American Economic Review, May 1997, NBER Working Paper No. 5908.

286. "Employment Policy of The Middle Reagan Years: What Didn't Happen and Why It Didn't Happen," The North American Journal of Economics and Finance, 1997, NBER Working Paper No. 5917.

287. "Policies to Grow The U.S. Standard of Living," Business Economics, January 1997, pp 33-37.

288. "Privatizing of Social Security, Journal of Finance, July 1997.

289. "Capital Income Taxes and The Benefit of Price Stability," in M. Feldstein (ed.), The Costs and Benefits of Achieving Price Stability, (Chicago: University of Chicago Press) 1999.

290. "The Economics of Prefunding Social Security and Medicare Benefits," with Andrew Samwick, in NBER Macro Annual 1997.

291. "The Case for Privatization," Foreign Affairs, 76:4, July-August 1997, pp 24-38.

292. "Costs and Benefits of Achieving Price Stability: Introduction" in M. Feldstein (ed.) Costs and Benefits of Achieving Price Stability, (Chicago: University of Chicago Press, 1999.

293. Costs and Benefits of Achieving Price Stability, (Chicago: University of Chicago Press) 1999.

294. "Transition to a Fully Funded Pension System: Five Economic Issues," in Redesigning Social Security, Horst Siebert (ed.), Institut fur Weltwirtschaft an der Universitat, Kiel, (Tubingen: Mohr Siebeck, 1998), pp 299-315.

295. "EMU and International Conflict," Foreign Affairs, 1997.

296. "The Political Economy of The European Economic and Monetary Union: Political Sources of an Economic Liability," in Journal of Economic Perspectives, Vol. 11, No. 4, Fall 1997, pp 23- 42.

297. "Maintaining Financial Stability in a Global Economy," 1997 Annual Conference of The Federal Reserve Bank of Kansas City, Maintaining Financial Stability in a Global Economy, 1998.

298. "A new era of Social Security," The Public Interest, Winter 1998, No. 130, pp 102-125.

299. "Refocusing the IMF," Foreign Affairs, March-April 1998, pp 20-33.

300. "Potential Effects of Two Percent Personal Retirement Accounts," (with Andrew Samwick) in Tax Notes, Vol. 79, No. 5, May 4, 1998, pp 615-620.An updated version is available with the title, "New Estimates of the Potential Effects of Two Percent Personal Retirement Account."

301. International Capital Flows, (Martin Feldstein, editor) (Chicago: University of Chicago Press) 1999.

302. "International Capital Flows: Introduction," in International Capital Flows, (Martin Feldstein, editor) Chicago: University of Chicago Press) 1999.

303. "Interest-Rate Rules in an Estimated Sticky Price Model: Comment," in John Taylor (ed.), Rules and Guidelines for Monetary Policy, (Chicago: University of Chicago Press, ) 1999.

304. "Income Inequality and Poverty," 1998 Annual Conference of the Kansas City Federal Reserve Bank, Income Inequality: Issues and Policy Options, August 1998. NBER Working Paper No. 6770.

305. "Social Security Pension Reform in China," NBER Working Paper No. 6794, in China Economic Review, Vol. 10, No. 2, Fall 1999.

306. "Unemployment Insurance Savings Accounts," (with Dan Altman), Tax Policy and the Economy, Vol. 21, 2006. NBER Working Paper No. 6860.

307. "Individual Risk and Intergenerational Risk Sharing in an Investment-Based Social Security System," (with Elena Ranguelova), NBER Working Paper No. 6839.

308. "Il caso del passaggio del sistema pensionistico italiano verso un modello a capitalizzazione", Assicurazioni LXV: June 1998, pp 7-13.

309. "Prefunding Medicare," American Economic Review, May 1999. NBER Working Paper No. 6917.

310. "The Economics of Bequests in Pensions and Social Security," (with Elena Ranguelova) NBER Working Paper No. 7065, in M. Feldstein and J. Liebman, Distributional Aspects of Social Security Reform, (Chicago: University of Chicago Press), 2000.

311. "The Transition to Investment-based Social Security when Portfolio Returns and Capital Profitability are Uncertain," (with Elena Ranguelova and Andrew Samwick) in J. Campbell and Martin Feldstein (eds.), Risks Aspects of Investment Based Social Security Reform,,(Chicago: University of Chicago Press), 2000. NBER Working Paper No. 7016.

312. "Administrative Costs in Social Security Reform: A Comment," in John Shoven, Administrative Costs Aspects of Social Security Reform, (Chicago: University of Chicago Press), 2000.

313. "Public Policies and Private Saving in Mexico," NBER Working Paper No. 6930, in Economia Mexicana, Vol. 8, No. 2, Fall 1999, pp-231-265.

314. "A Self-Help Guide for Emerging Markets," Foreign Affairs, March/April 1999 issue, Vol. 78, No. 2, pp 93-109. (Also as NBER Working Paper No. 6907).

315. "Reducing Poverty, Not Inequality," The Public Interest, No. 137, Fall 1999, pp 33-41.

316. "No New Architecture," The International Economy, September/October 1999, pp 32-35.

317. Risk Aspects of Investment-Based Social Security Reform, (ed. with John Campbell), Chicago: University of Chicago Press, 2001.

318. "Risk Aspects of Investment-Based Social Security Reform: Introduction," with John Campbell, in Martin Feldstein and John Campbell, Risk Aspects of Investment-Based Social Security Reform, University of Chicago Press, 2001.

319. "The Distributional Effects of an Investment-Based Social Security System," (with Jeffrey Liebman) NBER Working Paper 7492, January 2000, in M. Feldstein and J. Liebman, Distributional Aspects of Social Security and Social Security Reform, Chicago: University of Chicago Press, 2002.

320. Distributional Aspects of Social Security and Social Security Reform, edited with Jeffrey Liebman, Chicago: University of Chicago Press, 2002.

321. "Distributional Aspects of Social Security Reform: Introduction," with Jeffrey Liebman, in Distributional Aspects of Social Security and Social Security Reform, edited by Martin Feldstein and Jeffrey Liebman, Chicago: University of Chicago Press, 2002.

322. "The European Central Bank and the Euro: The First Year", Journal of Policy Modeling, May 2000, Volume 22, Number 3, pp 345-354. NBER Working Paper No. 7517, February 2000.

323. "Allocating Payroll Tax Revenue to Personal Retirement Accounts," (with Andrew Samwick), Tax Notes, June 19, 2000, Vol. 87, No. 12, pp 1645-1652. NBER Working Paper No. 7767, July 2000.

324. "Accumulated Pension Collars: A Market Approach to Reducing The Risk of Investment-Based Social Security Reform," (with Elena Ranguelova). NBER Working Paper No. 7861, August 2000, in Tax Policy and the Economy 2000, (Cambridge, MA: MIT Press, 2001)

325. "Aspects of Global Economic Integration: Outlook for the Future," in Aspects of Global Economic Integration, Annual Conference of The Federal Reserve Bank of Kansas City, 2000. NBER Working Paper No. 7899 , September 2000.

326. "Individual Risk in an Investment-Based Social Security System", (with Elena Ranguelova). NBER Working Paper No. 8074, January 2001, American Economic Review , Vol. 91, No. 4, September 2001, pp 1116-25.

327. Social Security Pension Reform in Europe , edited with Horst Siebert. (Chicago: University of Chicago Press, 2002.

328. "Introduction", Social Security Pension Reform in Europe, edited with Horst Siebert. (Chicago: University of Chicago Press, 2002)

329 "Anna Schwartz at the National Bureau of Economic Research." Journal of Financial Services Research, 18:2/3, 2000, pp 115-117.

330. "Economic Problems in Ireland." NBER Working Paper No. 8264. The Thirty-First Geary Lecture,2000, published by the Economic and Social Research Institute, Dublin, Ireland, 2001.

331. "Social Security," with Jeffrey Liebman. NBER Working Paper No. 8451, September 2001."The Handbook of Public Economics," edited with Alan Auerbach, Vol. 4, 2002.

332. "The Transformation of Public Economics Research: 1970-2000," Journal of Public Economics,September 2001.

333. "Oil Dependence and National Security: A Market-Based System for Reducing U.S. Vulnerability," The National Interest, November 2001, pp 60-64.

334. "Potential Paths of Social Security Reform," (with Andrew Samwick) in Tax Policy and the Economy 2001 , Vol. 16, 2002, Cambridge: MIT Press, pp 181-224. NBER Working Paper No. 8592, November 2001.

335. "Germany's Economic Ills," in Essays Honoring Professor Horst Siebert, 2002.

336. The Handbook of Public Economics, edited with Alan Auerbach, Vol.4, 2002.

337. "The Future of Social Security Pensions in Europe," in Naar beste vermogen, Essays Honoring Pieter Korteweg, eds. JJ van Duijn, et. al., Kluwer, December 2001. NBER Working Paper No. 8487, September 2001.

338. "Argentina's Fall: Lessons from the Latest Financial Crisis," in Foreign Affairs, March/April 2002, Vol. 81, No. 2.

339. "Economic and Financial Crises in Emerging Market Countries: An Overview," in M. Feldstein (ed.), Economic and Financial Crises in Emerging Market Countries. (Chicago: University of Chicago Press), 2003.

340. "Economic and Financial Crises in Emerging Market Countries," (Chicago: University of Chicago Press), 2003.

341. "A Role for Discretionary Fiscal Policy in a Low Interest Rate Environment," in the 2002 Federal Reserve Bank of Kansas City Annual Conference volume, Rethinking Stabilization Policy , 2003.

342. "Why is Productivity Growing Faster?", Journal of Policy Modeling, Vol. 25, No. 5, July 2003, pp 445-452.

343. "Monetary Policy in an Uncertain Environment," in Monetary Policy and Uncertainty, 2003 Federal Reserve Bank of Kansas City, Jackson Hole Conference Volume, 2004.

344. "Risk and Uncertainty in Monetary Policy: Comments of Remarks of Chairman Alan Greenspan," American Economc Review: Papers and Proceedings, May 2004.

345. "Rethinking Social Insurance," The 2005 Presidential Address to the American Economic Association, in American Economic Review, March 2005.

346. "Structural Reform of Social Security," Journal of Economic Perspectives, Vol. 19, Issue 2, pp.33-55 Spring 2005. NBER Working Paper No. 11098, February 2005.

347. "Reducing the Risk of Investment-Based Social Security Reforms," in Social Security Policy in a Changing Environment (Chicago University Press, forthcoming) edited by Jeffrey Brown, Jeffrey Lieberman and David Wise. (Previously distributed as NBER Working Paper No. 11084, February 2005.

348. "Monetary Policy in a Changing International Environment: The Role of Global Capital Flows," in Conference Papers of 80th Anniversary of Banco de Mexico, November 2005, Banco de Mexico, November 2006, pp 245-58. NBER Working Paper No. 11856, December 2005.

349. "The Return of US Saving", Foreign Affairs, May/June 2006, pp 87-93.

350. "The 2006 Economic Report of the President: Comment on Chapter One (The Year in Review) and Chapter Six (The Capital Account Surplus)", Journal of Economic Literature, September 2006, Vol. 44, Issue 3, pp 673-79. NBER Working Paper No. 12168, April 2006.

351. "The Effect of Taxes on Efficiency and Growth," Tax Notes, May 8, 2006.

352. "Taxes on Investment Income Remain Too High and Lead to Multiple Distortions," The Economists' Voice, Vol 3, Issue 6, Article 5., May 2006.

353. "Balancing The Goals of Health Care Provision and Financing," Health Affairs, Vol 25, No. 6, pp.1603-1611.

354. "The Underfunded Pentagon," Foreign Affairs, Vol 86, Number 2, pp.134-140.

355. "Housing, Credit Markets and the Business Cycle," NBER Working Paper 13471, October 2007, 2007 Kansas City Federal Reserve Annual Conference Volume Housing, Housing Finance and Monetary Policy, 2008.

356. "Why is the Dollar So High?" NBER Working Paper 13114, October 2007, Journal of Policy Modeling 2008.

357. "Effects of Taxes on Economic Behavior," in The National Tax Journal,, Vol. LXI, No. 1, March 2008, pp 131-39. NBER Working Paper 13745, January 2008.

358. "Designing Institutions to Deal with Terrorism in the United States," NBER Working Paper 13729, January 2008, The American Economic Review, Papers and Proceedings, May 2008.

359. “Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate,” Journal of Economic Perspective, NBER Working Paper 13952, April 2008.

360. “Did Wages Reflect Growth in Productivity,” NBER Working Paper 13953, Journal of Policy Modeling, 30 (2008) pp 591-94.

361. “Monetary Policy Challenges in the Decade Ahead”. Remarks at the 7th Bank for International Settlements Annual Conference, June 2008.

362. "Optimal Currency Areas”, ECB Fifth Central Banking Conference, November, 2008.

363. “The Breakup of the Euro Area: A Comment”, in A. Alesina and F. Giavazzi, NBER Conference, Europe and the Euro, Chicago: University of Chicago Press, pp 51-55, February 2010.

364. “Rethinking the Role of Fiscal Policy,” NBER Working Paper 14684 , January 2009. American Economic Review, May 2009.

365. “Economic Conditions and U.S. National Security in the 1930s and Today,”Prepared for the Aspen Strategy Group, 2009, NBER Working Paper 15290, August 2009.

366. “What Powers for the Federal Reserve?” Journal of Economic Literature, March 2010.

367. "United States Growth in the Decade Ahead,” presented at the American Economic Association meeting, January 2010. NBER Working Paper 15685 , January 2010. Forthcoming in The Journal of Policy Modeling (June 2010).

368. "Relections on Americans' Views of the Euro Ex Ante," presented at the American Economic Association meeting January 2009. NBER Working Paper 14696.

369. “Preventing a National Debt Explosion”, in Tax Policy and the Economy, Vol. 25, (2011). NBER Working Paper 16451. October 2010.

370. “The Role of Currency Realignments in Eliminating the US and China Current Account Imbalances”, NBER Working Paper 16674, January 2011.

371. “Capping Individual Tax Expenditure Benefits”, (with Dan Feenberg and Maya MacGuinneas) in Tax Notes, May 2, 2011, p 505-509. NBER Working Paper 16921, April 2011.

372. “What’s Next for the Dollar”, NBER Working Paper 17260, July 2011.

373. “America’s Challenge,” The 2011 Irving Kristol Lecture of the American Economic Association, May 2011.

374. "Rethinking the Role of Fiscal Policy", American Economic Review, Vol. 99, No. 2, May 2009, pp. 556-559.NBER Working Paper 14684, January 2009.

375. "Economic Conditions and U.S. National Security in the 1930's and Today", NBER Working Paper 15290, August 2009.

376. "US Growth in the Decade Ahead",NBER Working Paper 15685. January 2010.

377. "The Failure of the Euro, Foreign Affairs", January/February 2012.

378. "The Mirrlees Review", Journal of Economic Literature, (50:3), pp 1-10, 2012.

379. "The Tax Hike Canard," Foreign Affairs, December 11, 2012.

379. "An Interview with Paul Volcker" Journal of Economic Perspectives,Volume 27, Number 4, Fall 2013 - Pages 105–120.