Martin Feldstein

Determining the appropriate level of the interest rate depends on balancing a changing array of considerations

It is not a pretty picture. The next economic downturn is likely to be deeper and longer

Negotiations in response to bilateral trade imbalances may not always have positive effects

Argentina's experience shows that maintaining price stability is just as important as achieving it

The Federal Reserve can begin the process of raising interest rates in December without any need for an offsetting fiscal boost to demand

Market participants are watching the Fed to judge if and when the process of interest-rate normalisation will begin

The United States government now spends more than $600 billion a year on programs to help the poor

Federal debt is projected to rise to 141% of GDP by 2046, thus, the next president must plan for this quickly

The bloc's policies reinforced the difference between market-oriented British govts and many EU countries that have traditions of socialism

Putin has already warned Russians that they face austerity, because the government will no longer be able to afford to transfer benefits that it provided in recent years

So the five-year plan is no longer a detailed blueprint for industrial expansion; rather, it provides a picture of what the Chinese leadership hopes will be achieved under the government's general gui

It's no surprise that Chile is considered a developed country - the only South American member of the OECD

True rise in US real incomes was actually faster than official statistics imply

If inflation does rise faster than the Fed expects, it may be forced to increase interest rates rapidly, with adverse effects on financial markets