DEFINITION of 'Martin S. Feldstein'

An accomplished economics professor at Harvard, President Emeritus of the National Bureau of Economic Research (NBER) and winner of the John Bates Clark Medal. Feldstein's research focuses on macroeconomics and public finance. In 2005, he was considered along with Ben Bernanke to succeed Alan Greenspan as chairman of the Federal Reserve.

BREAKING DOWN 'Martin S. Feldstein'

Born in New York City in 1939, Feldstein also served as president and CEO of NBER, Chairman of the Council of Economic Advisers and has played important roles in the Reagan, George W. Bush and Obama administrations. Feldstein is ranked in the top 5% of economics authors according to criteria such as the number of published works (more than 300), number of citations and number of journal pages. He has also been on the board of directors of several corporations.



RELATED TERMS
  1. Ben Bernanke

    The chairman of the board of governors of the U.S. Federal Reserve ...
  2. Big Ben

    An investing slang term referencing Ben Bernanke. The name Big ...
  3. John Bates Clark

    An American Neoclassical economist renowned for his development ...
  4. John Bates Clark Medal

    An award issued to an American economist under the age of 40 ...
  5. The Clark Medal

    An informal name for the John Bates Clark Medal, which is a prize ...
  6. Andrei Shleifer

    A Harvard University financial and behavioral economist and winner ...
Related Articles
  1. Insights

    Ben Bernanke: Background And Philosophy

    Get some insight into the man at the forefront of key U.S economic decisions.
  2. Insights

    Alan Greenspan: 19 Years In The Federal Reserve

    Follow the economic glories and bumbles in the career of the previous Fed chair.
  3. Financial Advisor

    Why Greenspan Dislikes Negative Interest Rates

    Alan Greenspan is not a fan of negative interest rates, but another former Fed chair disagrees. Who is more likely to be correct and why?
  4. Investing

    What are the Federal Reserve Chairman's responsibilities?

    Learn about the duties and responsibilities of the chairman of the Federal Reserve Board, including testifying before Congress and as chair of the FOMC.
  5. Insights

    Does the Fed Influence Who’s in the White House?

    Whether it's intentional or not, the Federal Reserve plays a major role in politics.
  6. Insights

    Translating "Fed Speak" Into Plain English

    Confused by the Fed's lingo? Find out what it can tell you and learn how to decipher it.
  7. Investing

    What is a 2016 Olympic Gold Medal Worth?

    Gold is on the rise, but the value of a gold medal is less than you would think.
  8. Trading

    How The Federal Reserve Was Formed

    Find out how this institution has stabilized the U.S. economy during economic downturn.
  9. Financial Advisor

    Citadel And Bernanke, The Perfect Relationship?

    How does Bernanke's relationship with investment firms impact Wall Street and Main Street?
  10. Insights

    Bernanke Says the British Are Brexit's Biggest Losers

    The former Federal Reserve Chairman gives his views on the economic implications of the Brexit vote
RELATED FAQS
  1. What is a Greenspan put?

    Only five months into his tenure as Federal Reserve Chairman, Alan Greenspan faced his first crisis: the October 1987 stock ... Read Answer >>
  2. What does 'froth' mean in terms of the real estate market?

    On May 20, 2005, while addressing the Economic Club of New York, the now former Federal Reserve chairman Alan Greenspan commented ... Read Answer >>
  3. What causes a recession?

    According to the National Bureau of Economic Research (NBER), recession is defined as "a significant decline in economic ... Read Answer >>
  4. How successful have "dove" Federal Reserve heads been in the past when it comes to ...

    Review a short history of "dovish" leaders of the Federal Reserve, who use U.S. monetary policy to reduce unemployment through ... Read Answer >>
  5. What is the difference between macroeconomics and finance?

    Dive into the world of economics by learning the key differences between macroeconomics and finance. These ideas help investors ... Read Answer >>
  6. What is the difference between a president and a chief executive officer? Can there ...

    In general, the chief executive officer (CEO) is thought of as the highest ranking officer in a company while the president ... Read Answer >>
Hot Definitions
  1. Cover Letter

    A written document submitted with a job application explaining the applicant's credentials and interest in the open position. ...
  2. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  3. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  4. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  5. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  6. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
Trading Center