Martin Feldstein Quotes

The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

For us in England, the relative value of the pound against the dollar, that has a huge impact on how easy it is to get our films made in the U.K.

A cheaper British currency could be a crisis if its swift move provoked a broader financial crisis, which it has not, or if it triggered massive inflation. For now, cheaper sterling will hurt some British households and enterprises while being a boon for others.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

We are still keeping, as much as we can to the one million commitment that we made, hoping that at a certain point in time, the headwinds represented by the strength of the yen will be a little bit less strong.

Devaluations are never easy.

There's a lot of companies that profit from a weak dollar.

The prices of all imports would rise if the dollar depreciates.

Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.

But then in April of 1985 the dollar began a sharp decline. The dollar's trade weighted value fell 23 percent in just 12 months and by a total of 37 percent by the beginning of 1988.

We are now preparing for the reform of the yuan's exchange rate system. For such reforms to take place, we need good economic conditions... and we need to do it under tight control.

The more competitive value of the dollar turned around the trade deficit.

It does not mean of course that the pound here in Britain in your pocket has been devalued .

A global economy that is levering up, while unable to generate enough aggregate demand to achieve potential growth, is on a risky path.

As treasury secretary, I don't see it as my role commenting on the dollar in short-term movements.

In reality, while currency movements can have a significant impact on inflation in other countries, dollar movements have rarely had a meaningful or durable impact on prices in the U.S.

China got the local currency, the yuan which is appreciating against the dollar which means that all these Chinese people have more purchasing power. And they're willing now to spend some money after saving, you know they provided America with savings for years. Now they're going to spend some money. So this means that they are willing to allow the dollar to weaken because it means that their currency, the yuan goes up, so they're actually in a winning situation.

When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

There's a tendency for the yen to strengthen because it's rated highly, but I don't think that accurately reflects Japan's economic performance.

My theme this evening is that America needs a competitive dollar.

If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth.

Chances are the movements of the euro as against the dollar will be relatively moderate.