Claudia Sahm spent 12 years as a research economist at the Federal Reserve. During her tenure, she came up with the Sahm Rule, a method of using changes in the unemployment rate to pinpoint whether or not we are currently in the middle of a recession.
She explains how the Sahm Rule can more quickly determine if the economy is in a recession than other indicators macroeconomists use. She also proposes how policymakers should react when the Sahm Rule is "triggered." And finally, she uses the Sahm Rule to answer the question: are we in a recession right now?
To read more, find her paper here: https://www.brookings.edu/research/direct-stimulus-payments-to-individuals/
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