Even if the dollar does decline during the coming months, the delays in the response of exports and imports to the more competitive dollar will mean that the increase in aggregate demand from this source may not happen for a year or more.

He is among the 10 most influential economists in the world according to IDEAS/RePEc. A. In March 2007 the Lynde and Harry Bradley Foundation announced that one of four 2007 Bradley Prizes to honor outstanding achievement would be awarded to Feldstein.

Martin Stuart "Marty" Feldstein (born November 25 1939) is an American economist. He is currently the George F. Baker Professor of Economics at Harvard University and the president emeritus of the National Bureau of Economic Research (NBER).