Stay-At-Home Macro (SAHM)

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Inflation: it's "complicated"
What's been causing inflation is important. Get it wrong, and we get the wrong policies. And we learn the wrong lessons for the future.
 • 
Claudia Sahm
16
Price-price spirals take us for a spin
Macroeconomists fiercely debate the causes of inflation now and how policymakers should respond. Profits as a driver of inflation is an especially…
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Claudia Sahm
35
Is the Fed data-driven or data-ridden?
The Federal Reserve constantly reminds us that its decisions are “data-driven” or “data-dependent.” But what does that even mean? And what are the…
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Claudia Sahm
25
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Let's get real: the American Rescue Plan was the best economic policy in forty years
 • Claudia Sahm
13
Ban the Phillips Curve
 • Claudia Sahm
37
Olivier throws it down: the Fed does not decide what is inflation is, we do
 • Claudia Sahm
24
The Fed will not pivot
 • Claudia Sahm
51
Scary economists and bad news
 • Claudia Sahm
28
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Like the debt ceiling can't hold us
The game of chicken in Washington over raising the debt ceiling—the maximum that the federal debt can be—may look like politics as usual, but it's not…
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Claudia Sahm
39
The Fed will not pivot
The Fed will hike another 25 basis points this week, and Powell will signal that's likely the last rate hike, and the Fed will not cut rates this year…
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Claudia Sahm
51
Don't build your castle on shifting sands: the Phillips Curve(s) edition
The Phillips curve, which tells us the tradeoff between unemployment and inflation is a mainstay of monetary policy. But it moves around, making it…
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Claudia Sahm
13
This recovery is worth fighting for
Turn off the TV, put down the newspaper, and stop doomscrolling. During the past three years, we've made progress on some of our most intractable…
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Claudia Sahm
22
Scary economists and bad news
The news cycle has swung back to recession talk, even as inflation is coming down and unemployment is at a 50-year low. Ask people what they've heard…
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Claudia Sahm
28
The Fed should hit pause and give us a chance to catch up
In one year, the Fed has hiked its policy rate by 4.75 percentage points -- the fastest pace in forty years. To continue pushing would needlessly…
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Claudia Sahm
21
All eyes are on the Fed, now more than ever
The Fed faces a tough decision on whether to raise interest rates against the backdrop of banks in turmoil and a country with high inflation. The…
 • 
Claudia Sahm
13
Stay-At-Home Macro (SAHM)
Stay-At-Home Macro (SAHM)
My goal is to make economic policy and macroeconomics better.
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