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Ending the Euro Crisis?
Feldstein, Martin S. - 2015
All of the attempts to end the euro crisis and to return the Eurozone countries to healthy growth rates of income and …
Persistent link: https://www.econbiz.de/10013030065
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Resolving the Global Imbalance : The Dollar and the U.S. Saving Rate
Feldstein, Martin S. - 2010
The large trade and current account deficits of the United States cannot continue indefinitely because doing so would constitute a permanent gift to the U.S. economy. The process that will cause this gift to shrink and that will eventually cause it to reverse is a fall in the dollar. The dollar...
Persistent link: https://www.econbiz.de/10012759368
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Unemployment Insurance and Reservation Wages
Feldstein, Martin S.; Poterba, James M. - 2022
The present paper examines the reservation wages reported by a largesample of unemployed individuals in the United States in May 1976. The majorityof unemployedindividuals report reservation wages that are at least as highas the wage they were paid on their last job. Approximately one-fourth of...
Persistent link: https://www.econbiz.de/10013324640
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The Euro and European Economic Conditions
Feldstein, Martin S. - 2011
The creation of the euro should now be recognized as an experiment that has led to the sovereign debt crisis in several … exist in most Eurozone countries. Although the European Central Bank managed the euro in a way that achieved a low rate of … monetary union. The emergence of these problems just a dozen years after the start of the euro in 1999 was not an accident or …
Persistent link: https://www.econbiz.de/10013118129
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Reflections on Americans' Views of the Euro Ex Ante
Feldstein, Martin S. - 2010
of American economists about the euro and the European Economic and Monetary Union on the tenth anniversary of the euro … of the euro was political, not economic and that the creation of the euro could lead to increased conflict within Europe …
Persistent link: https://www.econbiz.de/10012757919
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The Euro and the Stability Pact
Feldstein, Martin S. - 2021
This paper begins by discussing the inherent conflict between the simultaneous existence of a single currency for the countries of the European Economic and Monetary Union (EMU) and the independent fiscal policies of those countries. The Stability and Growth Pact was an attempt to reconcile that...
Persistent link: https://www.econbiz.de/10013211701