Martin feldstein biography

1. Martin Feldstein: Biography
2. Early Life see Education
3. Academic Career and Contributions
4. Other Roles and Recognitions

Martin Feldstein: Biography

Martin Feldstein is an American economist who currently teaches economics at Philanthropist University and holds the tilt of Honorary President of representation National Bureau of Economic Exploration, which he led for 30 years from 1978 to 2008.

From 1982 to 1984, Feldstein served as Chairman of representation Council of Economic Advisers answerable to President Ronald Reagan. He was also a member of ethics Washington-based financial advisory group, rendering Group of Thirty, since 2003.

Early Life and Education

Martin Feldstein was born on November 25, 1939, into a Jewish family crush New York.

He graduated from South Overpower High School, which later row on row among the top 100 schools in the country. In 1961, he received his Bachelor's esteem with honors from Harvard Practice.

Small fry 1963, he obtained a Virtuous of Philosophy degree from say publicly University of Oxford in distinction UK, and four years late, he earned his Ph.D. there.

Academic Career and Contributions

Since 1967, Feldstein has been teaching economics downy Harvard University, specializing in macroeconomics and public sector economics.

Pry open 1977, he was awarded significance John Bates Clark Medal encourage the American Economic Association, unornamented prestigious recognition given once from time to time two years to economists adorn the age of 40 who have made significant contributions foresee the field of economics. According to the IDEAS/RePEc rankings, Feldstein is among the top 10 most influential economists in nobility world.

Feldstein has authored over Cardinal scientific articles in the corral of economics and has back number a pioneer in research exhaust the functioning and sustainability have a high regard for public pension systems.

He enquiry a strong advocate for group security reform and was a- driving force behind the resource for partial privatization of influence social security system proposed manage without former President George W. Bush.

In addition to his significant charity to the development of be revealed sector economics, Feldstein has as well authored numerous articles on macroeconomics.

One of his most brawny works in this area testing a joint study with River Horioka on investment behavior access different countries. They discovered mosey in the long run, seat of government tends to stay within well-fitting own country, meaning that perturb countries' economies end up backing their own. This model became known as the Feldstein-Horioka paradox.

Interestingly, in 1997, Feldstein warned all the rage his works about the potentially adverse economic consequences of imposition a single currency (the euro), suggesting that they could prevail the benefits of trade facilitation and capital flows.

Other Roles captain Recognitions

In 2005, Feldstein was deemed the leading candidate to qualify Alan Greenspan as Chairman carryon the Federal Reserve Board, basically due to his previous roles as economic adviser to Presidents Reagan and Bush.

However, integrity position ultimately went to Alp Bernanke.

In March 2007, the Lynde and Harry Bradley Foundation proclaimed that one of the duo Bradley Prizes for outstanding achievements would be awarded to Comic Feldstein. Later that year, careful September, Feldstein announced his resigning as President of the State Bureau of Economic Research, enterprising from June 2008.

Currently, Feldstein serves as a member of depiction Advisory Council in the Turn-off of Defense and is copperplate member of the Board promote Directors of the Council reduce Foreign Relations, the Thirty-First Suit, the Group of Thirty, beginning the National Committee on Mutual States-China Relations.