Word: feldsteins
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...more serious critiques of the American Recovery and Reinvestment Act from more serious critics. The most compelling critique - offered by Clinton Administration budget chief Alice Rivkin and Democratic Senator Ben Nelson as well as principled conservatives like New York Times columnist David Brooks and Reagan Administration economics adviser Martin Feldstein - is that an $800 billion stimulus package ought to be all about stimulus. They're not the Hooverish partisans who are whining that the package has turned into a "spending plan," as if government spending were a preposterous strategy for jump-starting the economy. They're concerned with...
...looking forward to his taking a central role at Harvard in a field in which Harvard has traditionally shown intellectual leadership, from Richard Musgrave, the father of modern public finance, to Marty Feldstein to Larry Summers to David Cutler and now to Raj Chetty,” Stock wrote...
After graduating from the College, Chetty spent another three years at Harvard getting his Ph.D. degree in economics under the supervision of Martin S. Feldstein ’61, a chief economic adviser to former President Ronald Reagan...
Plan of attack: Whatever its other challenges, the new economic team already has one huge advantage: economists from both right and left now agree that a massive stimulus measure is needed--and soon. The minence grise of Republican economic advisers, Harvard's Martin Feldstein, raised some eyebrows in October by saying the stimulus package might need to be as big as $300 billion. Already that seems timid. Jan Hatzius, chief economist for Goldman Sachs, is telling clients he expects Obama's stimulus package to be $400 billion to $500 billion a year in order to compensate for a retrenchment...
...President Clinton created the National Economic Council in 1993, Romer will be charged with leading a staff of professional economists that provides expert advice to Obama. In addition to Mankiw, past CEA chairs include Federal Reserve Chairman Ben S. Bernanke ’75 and economics professor Martin S. Feldstein ’61. Harvard Kennedy School professor Jeffrey A. Frankel said that Romer, a highly-regarded scholar of monetary and tax policy, will bring more skills to the job than just her intellectual firepower. “Not all academics make good policy makers,” Frankel said...