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National Bureau For Economic Research Project Syndicate

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Fiscal sustainability is no cure for Greece

The Greek government, the European Commission and the International Monetary Fund are all denying what markets perceive clearly: Greece will eventually default on its debts to its private and......

Why Greece will default on its debt

To not default, Greece's current deficit of 14% of GDP will have to fall to 5% which is unlikely, says Martin Feldstein. Greece will default on its national debt. That default will be due, in large......

Column: Is the euro overvalued?

It will strengthen, because global economic conditions require the eurozone to run trade deficits, writes Martin Feldstein. An American traveller in Paris or Berlin is continually struck by how......

America's growth in the decade ahead

Next decade's annual growth is likely to be about 2 per cent, roughly same as the last 10-year average, says Martin Feldstein. Although the strength of the US economy in 2010 remains uncertain, it......

Is gold a good hedge?

As I walked through the airport in Dubai recently, I was struck by the large number of travellers who were buying gold coins. They were not reacting to Dubai's financial trouble, but rather were......

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