NBER Working Papers by Martin Feldstein
Research Papers on Social Insurance

Will the US Capitulate to China?, Project Syndicate, February 25, 2019
There Is No Sino-American Trade War, Project Syndicate, January 29, 2019
Tariffs Should Target Chinese Lawlessness, Not the Trade Deficit, The Wall Street Journal, December 27, 2018
Why Is the Fed Still Raising Interest Rates?, Project Syndicate, December 27, 2018
The Future of Economic Growth in the United States, Talk presented at Rice University, December, 2018
How to Save Social Security Systems, Project Syndicate, November 28, 2018
Raise Rates Today to Fight a Recession Tomorrow, The Wall Street Journal, November 27, 2018
Falling Share Prices and the Outlook for the US Economy, Project Syndicate, October 29, 2018
The China Tariff Mess, Project Syndicate, September 28, 2018
Another Recession Is Looming, The Wall Street Journal, September 27, 2018
What Next for the US Stock Market?, Project Syndicate, August 28, 2018
Save Low Interest for a Rainy Day, The Wall Street Journal, July 26, 2018
How to Increase America's Saving Rate, Project Syndicate, July 26, 2018
The Use—and Abuse—of Tariffs, The Wall Street Journal, July 5, 2018
Global Aging and Fiscal Solvency, Project Syndicate, July 2, 2018
The Fed Can’t Save Jobs From AI and Robots, The Wall Street Journal, June 10, 2018
America’s Exploding Budget Deficit, Project Syndicate, May 29, 2018
The Next Step for Chinese Economic Policy, Project Syndicate, April 23, 2018
How to Make Trade Peace With China, The Wall Street Journal, April 5, 2018
The Real Reason for Trump's Steel and Aluminum Tariffs, Project Syndicate, March 15, 2018
Reagan's Cure for America's Debt Disease, The Wall Street Journal, March 5, 2018
Why Are US Interest Rates High and Rising?, Project Syndicate, February 27, 2018
The Heightened Risks of a US Downturn, Project Syndicate, January 26, 2018
Why the Pessimists Are Wrong About the New U.S. Tax Law, Harvard Business Review, January 26, 2018
The Tax Reform Legislation of 2017,"Forthcoming, Journal of Policy Modeling, May 2018"
Stocks Are Headed for a Fall, The Wall Street Journal, January 17, 2018
The Tax Legislation of 2017. Remarks at the AEA meetings, January 4, 2018

Tariffs Should Target Chinese Lawlessness, Not the Trade Deficit, The Wall Street Journal, December 27, 2018
Raise Rates Today to Fight a Recession Tomorrow, The Wall Street Journal, November 27, 2018
Save Low Interest for a Rainy Day, The Wall Street Journal, July 26, 2018
The Use—and Abuse—of Tariffs, The Wall Street Journal, July 5, 2018
How to Make Trade Peace With China, The Wall Street Journal, April 5, 2018
Reagan's Cure for America's Debt Disease, The Wall Street Journal, March 5, 2018
Stocks Are Headed for a Fall, The Wall Street Journal, January 17, 2018
New Priorities for a New Fed Regime, The Wall Street Journal, November 29, 2017
Corporate Tax Reform Is the Key to Growth, The Wall Street Journal, November 5, 2017
We're Richer Than We Realize, The Wall Street Journal, September 8, 2017
How to Make the Tax System Fairer and Save Social Security, The Wall Street Journal, July 19, 2017
Balancing Lost Tax Revenue the Reagan Way, The Wall Street Journal, April 26, 2017
The House GOP's Good Tax Trade-Off, The Wall Street Journal, January 5, 2017
Seeing Eye to Eye on Corporate Tax Cuts, The Wall Street Journal, December 12, 2016
Squaring Trumponomics With Reality, The Wall Street Journal, November 15, 2016
Why the Fed Should Raise Rates Now, The Wall Street Journal, October 6, 2016
Where the Fed Will Be When the Next Downturn Comes, The Wall Street Journal, July 5, 2016
Ending the Fed's Inflation Fixation, The Wall Street Journal, May 17, 2016
The U.S. Economy Is in Good Shape, The Wall Street Journal, February 21, 2016
A Federal Reserve Oblivious to Its Effect on Financial Markets , The Wall Street Journal, January 13, 2016
The Uncounted Trillions in the Inequality Debate, The Wall Street Journal,December 5, 2015
A Tax Boon for Working Women, The Wall Street Journal, October 5 2015
The Fed's Stock-Price Correction, The Wall Street Journal, August 24, 2015
The U.S. Underestimates Growth, The Wall Street Journal, May 18, 2015
The Fed Needs to Step Up Its Pace of Rate Increases, The Wall Street Journal, March 30, 2015
The Fed's Needless Flirtation With Danger, The Wall Street Journal, December 25, 2014
The Fed's Systemic-Risk Balancing Act, The Wall Street Journal, August 11, 2014
Warning: Inflation Is Running Above 2%, June 9, 2014
Piketty's Numbers Don't Add Up, May 15, 2014
The Fed's Missing Guidance, March 31, 2014
A Hype-Free Way to Help Low-Wage Workers , December 13, 2013
How to Create a Real Economic Stimulus , September 17, 2013
The Fed Should Start to 'Taper' Now , July 2, 2013
The Federal Reserve's Policy Dead End, May 9, 2013
A Simple Route to Major Deficit Reduction, February 21, 2013
The Fed's Dangerous Direction, January 3, 2013
Martin Feldstein: Romney's Tax Plan Can Raise Revenue, August 28, 2012
China's Biggest Problems Are Political, Not Economic , August 2, 2012
A Weaker Euro Could Rescue Europe , June 27, 2012
Everyone Should Pay for Cyber Defense , April 22, 2012
Europe Needs the Bond Vigilantes , April 5, 2012
The Euro Zone's Double Failure , December 15, 2011
The Tax Reform Evidence From 1986 ,October 24, 2011
A Falling Dollar Will Mean a Faster U.S. Recovery, August 1, 2011
The Economy Is Worse Than You Think , June 8, 2011
Private Accounts Can Save Social Security , May 2, 2011
Still an Economic Mistake, March 7, 2011
Want to Boost the Economy? Lower Corporate Tax Rates, February 15, 2011
The Deficit Dilemma and Obama's Budget ,November 18, 2010
The 'Tax Expenditure' Solution for Our National Debt ,July 20, 2010
Extend the Bush Tax Cuts-For Now , May 12, 2010
How Obama Should Shrink His Deficit , February 18, 2010
Missing the Target , January 20, 2010


Archive of the Wall Street Journal articles

Articles in the Financial Times, Foreign Affairs, The Washington Post, and New York Times

Another Recession Is Looming, The Wall Street Journal, September 27, 2018
Everything you need to know about trade economics, in 70 words, The Washington Post, May 5, 2017
A Conservative Case for Climate Action, New York Times, February 8, 2017
The Fed's Unconventional Monetary Policy, The Foreign Affairs, April-May 2016
Beyond quantitative easing in the eurozone, The Financial Times, January 16, 2015
America can only beat Isis by spending more on defence, The Financial Times, September 30, 2014
End the currency manipulation debate, The Financial Times, May 15, 2014
Saving the Fed from Itself,The New York Times, December 8, 2013
Slowing the growth of U.S. Debt, The Washington Post, November 11, 2013
A weak euro is Europe's best means of beating deflation, The Financial Times, November 7, 2013
The Fed is wrong to put off the return to normality, The Financial Times, September 22, 2013
An end to austerity will not boost Europe, The Financial Times, July 9, 2013
It's time to cap tax deductions, The Washington Post, March 13, 2013
The Tax Hike Canard, The Foreign Affairs, January 2013 issue
The US is unlikely to avoid "fiscal cliff", The Financial Times, October 24, 2012
Fed joins ECB in a high-risk move, The Financial Times, September 27, 2012
A rapid fall in the euro can save Spain, The Financial Times, July 24, 2012
Taxpayers must backstop Spain's budget, The Financial Times, April 30, 2012
Obama's tax hikes threaten a new US recession, The Financial Times, March 19, 2012
Weaker euro will help solve Europe deficit woes, The Financial Times, December 19, 2011
The Failure of the Euro, The Foreign Affairs, January/February 2012 issue
Italy can save itself and the Euro, The Financial Times, November 30, 2011
How to Stop the Drop in Home Values, The New York Times, October 13, 2011
Forget the debt: its jobs that will define Obama's future, The Financial Times, July 25, 2011
The Latest Challenge to ECB Independence, The Financial Times, June 30, 2011
Postponing Greece's inevitable default, The Financial Times, June 22, 2011
Raise Taxes, but Not Tax Rates, The New York Times, May 4, 2011
How to cut the deficit without raising taxes, The Washington Post, November 29, 2010
QE2 is risky and should be limited, The Financial Times, November 3, 2010
A double dip is a price worth paying, The Financial Times, July 22,2010
For a Solution to the Euro Crisis, Look to the States, The Washington Post, May 18, 2010
Let Greece Take a Holiday from the Eurozone, The Financial Times, February 17, 2010


Archive of the Financial Times, Washington Post, New York Times and Foreign Affairs articles

Project Syndicate articles

Will the US Capitulate to China?, Project Syndicate, February 25, 2019
There Is No Sino-American Trade War, Project Syndicate, January 29, 2019
Why Is the Fed Still Raising Interest Rates?, Project Syndicate, December 27, 2018
How to Save Social Security Systems, Project Syndicate, November 28, 2018
Falling Share Prices and the Outlook for the US Economy, Project Syndicate, October 29, 2018
The China Tariff Mess, Project Syndicate, September 28, 2018
What Next for the US Stock Market?, Project Syndicate, August 28, 2018
How to Increase America's Saving Rate, Project Syndicate, July 26, 2018
Global Aging and Fiscal Solvency, Project Syndicate, July 2, 2018
America’s Exploding Budget Deficit, Project Syndicate, May 29, 2018
The Next Step for Chinese Economic Policy, Project Syndicate,April 23, 2018
The Real Reason for Trump's Steel and Aluminum Tariffs, Project Syndicate, March 15, 2018
Why Are US Interest Rates High and Rising?, Project Syndicate, February 27, 2018
The Heightened Risks of a US Downturn, Project Syndicate, January 26, 2018
Economics and American National Security, Project Syndicate, December 26, 2017
Cutting US Corporate Tax Is Worth the Cost, Project Syndicate, November 27, 2017
Europe's Economic Dilemma, Project Syndicate,October 30, 2017
The International Consequences of US Tax Reform, Project Syndicate, September 27, 2017
Tax Reform and Budget Deficits in America, Project Syndicate, August 29, 2017
How Would Health-Care Reform Affect Patient Health?, Project Syndicate, July 26, 2017
Does Addressing Bilateral Trade Imbalances Work?, Project Syndicate, June 27, 2017
Trump's Foreign Policy Reversals, Project Syndicate, May 30, 2017
Inconvenient Truths About the US Trade Deficit, Project Syndicate, April 25, 2017
The Risks to America's Booming Economy, Project Syndicate, March 29, 2017
A Conservative Plan to Combat Global Warming, Project Syndicate, February 21, 2017
The Shape of US Tax Reform, Project Syndicate, January 30, 2017
The Destructive Power of Inflation, Project Syndicate, December 22, 2016
Will Trump's Plan Really Boost US Demand?, Project Syndicate, November 28, 2016
What Could Go Wrong in America?, Project Syndicate, October 26, 2016
How Scary is Disruptive Technology?, Project Syndicate, September 28, 2016
Reducing Inequality and Poverty in America, Project Syndicate, August 23, 2016
America's Exploding Deficit, Project Syndicate, July 25, 2016
How EU Overreach Pushed Britain Out, Project Syndicate, June 28, 2016
A Debt Agenda for the G7, Project Syndicate, May 23, 2016
Japan's Economic Quandary, Project Syndicate, April 29, 2016
China's Next Agenda, Project Syndicate, March 29, 2016
Stopping America's Federal Debt Explosion, Project Syndicate, February 27, 2016
The Shortcomings of Quantitative Easing in Europe, Project Syndicate, January 29, 2016
The Global Economy Confronts Four Geopolitical Risks, Project Syndicate, December 28, 2015
China's Latest Five-Year Plan, Project Syndicate, November 28, 2015
Chile's Uncertain Future, Project Syndicate, October 28, 2015
The Chinese Economy and Fed Policy, Project Syndicate , September 29, 2015
Will Americans Become Poorer? , Project Syndicate, August 31, 2015
Are US Middle Class Incomes Really Stagnating?, Project Syndicate, June 30, 2015
What is Full Employment?, Project Syndicate, June 29, 2015
America's Risky Recovery, Project Syndicate, April 28, 2015
A Window on China's New Normal, Project Syndicate, March 27, 2015
The Deflation Bogeyman, Project Syndicate, February 28, 2015
The Eurozone Needs More than QE, Project Syndicate, January 28, 2015
Obama's Passage to India, Project Syndicate, December 29, 2014
The Geopolitical Impact of Cheap Oil, Project Syndicate, November 26, 2014
Mexico's Powerful Energy Reforms, Project Syndicate, October 28, 2014
Why the Fed Will Go Faster, Project Syndicate, September 30, 2014
Bringing It Back Home, Project Syndicate, August 27, 2014
Fighting the Fed, Project Syndicate, July 23, 2014
New Hope for India, Project Syndicate, June 28, 2014
America's Move to Faster Growth, Project Syndicate, May 27, 2014
A Weaker Euro for a Stronger Europe, Project Syndicate, April 30, 2014
A Healthy Path to Chinese Consumption Growth , Project Syndicate, March 31, 2014
Saving Retirement, Project Syndicate,February 28, 2014
The Future of American Growth, Project Syndicate,January 31, 2014
Looking Up in 2014?, Project Syndicate,December 31, 2013
The Greek Budget Myth , Project Syndicate,November 27, 2013
Obamacare's Fatal Flaw , Project Syndicate, October 29, 2013
The Taper Chase , Project Syndicate, September 30, 2013
US Interest Rates Will Continue to Rise , Project Syndicate, August 28, 2013
Decoding Bernanke , Project Syndicate, July 29, 2013
Why Is US Inflation So Low?, Project Syndicate, June 28, 2013
America's Misplaced Deficit Complacency , Project Syndicate, May 30, 2013
China's New Path , Project Syndicate, April 29, 2013
When Interest Rates Rise , Project Syndicate, March 30, 2013
Two Dollar Fallacies , Project Syndicate, February 28, 2013
The Wrong Growth Strategy for Japan , Project Syndicate, January 17, 2013
India's Second Wind , Project Syndicate, December 27, 2012
Avoiding a New American Recession , Project Syndicate, November 30, 2012
An Optimistic Case for the Euro , Project Syndicate, October 30, 2012
Fixing America's Fiscal Problem, Project Syndicate, September 30, 2012
Is Inflation Returning?, Project Syndicate, August 29, 2012
Dos and Don'ts for the European Central Bank , Project Syndicate, July 29, 2012
The Impotence of the Federal Reserve , Project Syndicate, June 27, 2012
France's Broken Dream, Project Syndicate, May 26, 2012
The Economy and the Presidency , Project Syndicate, April 29, 2012
Fed Policy and Inflation Risk , Project Syndicate, March 31, 2012
Europe's Empty Fiscal Compact, Project Syndicate, February 27, 2012
How to Create a Depression, Project Syndicate, January 16, 2012
The French Don't Get It, Project Syndicate, December 28, 2011
Europe is Not the United States, Project Syndicate, November 29, 2011
America's Economic Stalemate, Project Syndicate, October 26, 2011
Europes High Risk Gamble, Project Syndicate, September 27, 2011
China's New Currency Policy, Project Syndicate, August 23, 2011
Why is America's Budget Deficit So Large?, Project Syndicate, July 29, 2011
What's Happening to the US Economy?, Project Syndicate, June 29, 2011
After the Greek Default, Project Syndicate, May 26, 2011
The G-20's Empty Gestures, Project Syndicate, April 26, 2011
China's Five-Year Plan and Global Interest Rates, Project Syndicate, March 29, 2011
The End of China's Surplus, Project Syndicate , January 28, 2011
What's So Good about America's Tax Package?, Project Syndicate , December 29, 2010
Quantitative Easing and the Renminbi, Project Syndicate , November 26, 2010
Why Has America's Economic Recovery Stalled?, Project Syndicate , October 25, 2010
The Future of the Dollar, Project Syndicate , October 20, 2010
Japan's Savings Crisis, Project Syndicate , September, 2010
America's Saving Surprise, Project Syndicate , August, 2010
The Hidden Future of the US Economy, Project Syndicate , July, 2010
Inflation or Deflation?, Project Syndicate , June, 2010
Chronicle of a Currency Crisis Foretold, Project Syndicate , May, 2010
Why Greece Will Default, Project Syndicate , April, 2010
Is the Euro Overvalued?, Project Syndicate , March, 2010
How Safe are Your Dollars?, Project Syndicate , February, 2010
America's Growth in the Decade Ahead, Project Syndicate , January, 2010
Is the Reagan-Thatcher Revolution Over?, Project Syndicate , January, 2010


Archive of Project Syndicate Articles

Other Non-Technical Papers

Why the Pessimists Are Wrong About the New U.S. Tax Law, Harvard Business Review, January 26, 2018
The Tax Legislation of 2017. Remarks at the AEA meetings, January 4, 2018
Options for Corporate Tax Reform in 2017 in Brookings Panel on Economic Activity, September 2017
Normalizing Monetary Policy, Presented at Cato Institute Monetary Policy Conference, November 16, 2017
The Tax Reform Agenda, National Association for Business Economics, 2017
Reconsidering the Conventional Wisdom about Productivity, Published in International Economy, Fall 2017
Underestimating the Real Growth of GDP, Personal Income, and Productivity, Journal of Economic Perspectives Vol. 31, N0. 2, Spring 2017 - (pp. 145-64)
Reconsidering the Euro for Italy, Italy Europe 24, April 28, 2017
Why the U.S. Is Still Richer Than Every Other Large Country, Harvard Business Review, April 20, 2017
Underestimating the Real Growth of GDP, Personal Income and Productivity, NBER Working Paper No. 23306, March 2017
Why is Growth better in the United States than in other Industrial Countries, NBER Working Paper No. 23221, March 2017
Remarks at the Brookings Institution Conference on Productivity, September 8, 2016
The Council of Economic Advisers: Recollections, Economic Report of the President, 2016
Feldstein says Fed should let the market fall and keep hiking rates, MarketWatch, January 27, 2016
Dealing with Long Term Deficits, AER Papers and Proceedings, forthcoming May 2016
Raising Revenue by Limiting Tax Expenditures, NBER Working Paper No. 20672, November 2014
Raising Revenue by Limiting Tax Expenditures, Tax Policy and the Economy, Volume 29 , 2015
Capital Taxation Policy, National Taxation Association Luncheon Address, November 20, 2015
Will This Be America's Next Economic Crisis?, Time Magazine, June 15, 2015
An Economic Checkup, Time Magazine, May 28, 2015
The Future of Fiscal Policy. Forthcoming in O. Blanchard et al, Rethinking Monetary Policy III MIT Press
Ending the Euro Crisis?, NBER Working Paper w20862 , January 2015
Unconventional Monetary Policy, Presented at Brookings Institution Symposium on Monetary Policy, January 16, 2014
How to Achieve Stronger US Growth, Presented at American Economic Association, January 2014 - Published in the Journal of Policy Modeling, July/August 2014
Raj Chetty's John Bates Clark Award, forthcoming in Journal of Economic Perspectives, December 2013
Interview with Paul Volcker Journal of Economic Perspectives,Volume 27, Number 4, Fall 2013
Martin Feldstein interviews Paul Volcker about Monetary Policy, July 10, 2013
Health Insurance and Health Care Spending, Remarks at 2013 American Economic Association Meetings honoring Amy Finkelstein, January 2013
"Dealing with our Fiscal Problems" Remarks at the SIEPR Prize Event December 4, 2012
The Budget Deficit of the United States and the Current Account Deficits of the Eurozone Latin Countries Remarks at dinner honoring Joe Ackermann, October 25, 2012
The Effect of Defense Spending on the US Economy Testimony to House Armed Services Committee, October 26, 2011
Why the Dollar Will Weaken Further The International Economy, Summer, 2011
Another Way To Curb Deficits The Weekly Standard, May 30, 2011
Capping Individual Tax Expenditure Benefits Tax Notes , May 2, 2011
America's Challenge (Kristol Lecture) - Video May 2011
America's Challenge (Kristol Lecture) May 2011.
America's Challenge -- Long Version Essay May 2011.
The Euro and Vaclav Klaus March 2011.
The Role of Currency Realignments in Eliminating the US and China Current Account Imbalances NBER Working Paper 16674, January 2011.
Preventing a National Debt Explosion NBER Working Paper 16451, October 2010.
Will the Eurozone Fragment -- A Debate Economist.com/Debate, May/June 2010
Reuters Interview on US Economy, January, 2010
What Powers for the Federal Reserve? Journal of Economic Literature, 2010
Resolving the Global Imbalance: The Dollar and the U.S. Saving Rate, Journal of Economic Perspectives , Summer, 2008


Archive of Other Non-Technical Papers

Social Security Reform -- Non-Technical Papers   

Structural Reform of Social Security, Spring 2005
(Full text as published in Journal of Economic Perspectives)
(Chinese translation)


Archive of Social Security Reform papers
Research studies of Social Security

Boston Globe

Archive of Articles in Boston Globe with Kathleen Feldstein