The more competitive value of the dollar turned around the trade deficit. Martin Feldstein competitivedeficitdollar 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
In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth. Martin Feldstein competitivedecreasedollar Change image and share on social
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
Domestic inflation reflects domestic monetary policy. Martin Feldstein domesticinflationmonetary 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
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
Unless the trade deficit shrinks, the combination of the trade deficit and the interest and dividend payments to foreigners will grow ever more rapidly. Martin Feldstein combinationdeficitdividend 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
Homeowners who refinanced their mortgages took out cash and reduced their monthly payments at the same time. Much of the cash obtained by refinancing was spent on consumer durables, home improvements and the like. Martin Feldstein cashconsumerdurable share on social
