Martin Feldstein

TL;DR: The authors argued that the pursuit of policies here and abroad that are appropriate for domestic growth in the future should reduce the likelihood of such substantial exchange rate swings in the years ahead. But elevating exchange rate stability to a separate goal of economic policy could have serious adverse consequences.

TL;DR: The United States in the World Economy (USWE) conference as discussed by the authors was organized by the National Bureau of Economics (NBE) in 1987, with a focus on foreign competition in Latin America and the Asian Pacific Rim, Third World debts, innovations in international financial markets, changing patterns of international investment, international capital flows, and international competition in goods, services and agriculture.

TL;DR: In this paper, the authors discuss three strategies that, taken together, could reverse this trend and reduce the ratio of debt to GDP to less than 50% by augmenting the tax-financed benefits for Social Security, Medicare and Medicaid with investment-based accounts.

TL;DR: In this article, the authors explain why the official method of revenue estimation used by the Treasury and the Congress underestimates the tax rate increases required to raise additional revenue and emphasize that the deadweight burden caused by a tax rate increase depends not only on the response of labor force participation and average working hours but also on other dimensions of labor supply, on the forms in which compensation is paid, on individuals' spending on tax favored (deductible or excludable) forms of consumption, and on the intertemporal allocation of consumption.

TL;DR: In this paper, the authors argue that cyclical unemployment, structural unemployment, and inflation may all be higher in the future as a result of the single currency and argue that it is more likely to lead to political conflict within Europe and with the Unites States.