Geburtsdatum | Samstag, 25. November 1939 |
Geburtsort | New York City, U.S. |
Todesort | Boston,_Massachusetts |
Sternzeichen | |
Beschreibung | Warning: Trying to access array offset on value of type null in /home/peoplefaqscom/peoplefaqs.com/public/wp-content/plugins/peoplefaqs-wp-helpers-plugin/classes/apis/DeeplAPI.php on line 39 Warning: Trying to access array offset on value of type null in /home/peoplefaqscom/peoplefaqs.com/public/wp-content/plugins/peoplefaqs-wp-helpers-plugin/classes/apis/DeeplAPI.php on line 40 Martin Stuart Feldstein (/ˈfɛldstaɪn/ FELD-styne; November 25, 1939 – June 11, 2019) was an American economist. He was the George F. Baker Professor of Economics at Harvard University and the president emeritus of the National Bureau of Economic Research (NBER). He served as president and chief executive officer of the NBER from 1978 to 2008 (with the exception of 1982 to 1984). From 1982 to 1984, Feldstein served as chairman of the Council of Economic Advisers and as chief economic advisor to President Ronald Reagan (where his deficit hawk views clashed with the Reagan administration's large military expenditure policies). Feldstein was also a member of the Washington-based financial advisory body the Group of Thirty from 2003. |
Increased government spending can provide a temporary stimulus to demand and output but in the longer run higher levels of government spending crowd out private investment or require higher taxes that weaken growth by reducing incentives to save, invest, innovate, and work.
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.
