Date(s) - 03/14/18
5:15 pm - 6:30 pm
Chicago Council on Global Affairs
Martin Feldstein, George F. Baker Professor of Economics, Harvard University; President Emeritus, National Bureau of Economic Research
The bulls have been raging and the economy has added jobs year after year, yet productivity growth has remained stubbornly stuck for more than a decade. Years after the financial crisis—and despite a high-tech innovation economy—this productivity paradox continues to bedevil economists, businessmen, and policymakers around the world. Is the productivity paradox due to a mismeasurement of our modern digital economy, or must we face up to persistent productivity doldrums? And what will be the fate of the US economy more broadly over the next few years as the Federal Reserve transitions from Janet Yellen to Jerome Powell and finally normalizes monetary policy? What impact will the recently passed tax cut have on growth?
George F. Baker Professor of Economics, Harvard University; President Emeritus, National Bureau of Economic Research
Martin Feldstein is the George F. Baker professor of economics at Harvard University and president emeritus of the National Bureau of Economic Research (NBER). He served as president and CEO of the NBER from 1977-82 and 1984-2008 and continues as a research associate of the NBER. From 1982 through 1984, Martin Feldstein was chairman of the Council of Economic Advisers and President Reagan’s chief economic adviser. He served as president of the American Economic Association in 2004. In 2006, President Bush appointed him to be a member of the President’s Foreign Intelligence Advisory Board. In 2009, President Obama appointed him to be a member of the President’s Economic Recovery Advisory Board. He is the recipient of numerous honorary degrees and awards, including the John Bates Clark Medal of the American Economic Association. He holds degrees from Harvard University and Oxford University.