To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world. Martin Feldstein americanassetborrow Change image and share on social
The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product. Martin Feldstein centconsumerdomestic Change image and share on social
Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more. Martin Feldstein aggregatecomecompetitive share on social
An increase in the relative price of products from the low wage manufacturers in Asia and Latin America will also make those products less attractive to American consumers. Martin Feldstein americaamericanasia Change image and share on social
Domestic inflation reflects domestic monetary policy. Martin Feldstein domesticinflationmonetary Change image and share on social
A rise in the level of saving can reduce aggregate activity temporarily but only a sustained high level of saving makes it possible to have the sustained high level of business investment that contributes to the long-run growth of output. Martin Feldstein activityaggregatebusiness share on social
I think that over the last few decades, we have seen better economic outcomes than in the past. Martin Feldstein decadeeconomicoutcome Change image and share on social
We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation. Martin Feldstein bringgaininflation Change image and share on social
We are particularly poor at the open economy issues. Martin Feldstein economyissueopen Change image and share on social
The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit. Martin Feldstein deficitdependencefinancial Change image and share on social
