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Even if the dollar does decline during the coming months, the delays in the response of exports and
Even if the dollar does decline during the coming months, the delays in the response of exports and
Even if the dollar does decline during the coming months, the delays in the response of exports and
Even if the dollar does decline during the coming months, the delays in the response of exports and
Even if the dollar does decline during the coming months, the delays in the response of exports and
Even if the dollar does decline during the coming months, the delays in the response of exports and
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Martin Feldstein:
If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive inMartin Feldstein:
A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high lMartin Feldstein:
Increased government spending can provide a temporary stimulus to demand and output but in the longMartin Feldstein:
I think that over the last few decades, we have seen better economic outcomes than in the past.Martin Feldstein:
Inflation is lower and more stable and the real business cycle fluctuations are more modest.Martin Feldstein:
Thirty years ago, many economists argued that inflation was a kind of minor inconvenience and thatMartin Feldstein:
We pay some price when necessary to bring down inflation but that price is temporary and is not larMartin Feldstein:
We are particularly poor at the open economy issues.Martin Feldstein:
A second reason why science cannot replace judgement is the behavior of financial markets.Martin Feldstein:
First, I think the science of monetary economics has clearly gotten better.