Stay-At-Home Macro (SAHM)

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It's what you thought you knew but didn't that breaks your heart: GDP revision edition
This week, the Bureau of Economic Analysis will update the national accounts, which include GDP and other key statistics. It could alter the narrative…
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Claudia Sahm
10
Why can't we shake the gloom? It's more than inflation or higher prices.
What should be good news for people seems to be falling flat even relative to prior times with high inflation.
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Claudia Sahm
61
Labor Day is the end of summer. What if it's the end of the strong labor market, too?
It does not have to be.
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Claudia Sahm
5
August 2023
The Star-ry Night in Jackson Hole
Central bankers will soon travel to Jackson Hole, Wyoming, as they do every year, to think big thoughts on monetary policy and relax under the stars.
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Claudia Sahm
12
What would Frances Perkins do?
With the anniversary of the Inflation Reduction Act, comparisons of President Biden to F.D.R. and his legislation to the New Deal. But there's something…
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Claudia Sahm
11
Breathe.
Some calming macro thoughts today. We deserve it.
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Claudia Sahm
14
July 2023
How good is the economics in Bidenomics?
Last week, President Biden laid out his thinking on economic policy, so how does it line up with the thinking of economists?
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Claudia Sahm
21
June 2023
May 2023
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.
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Claudia Sahm
17
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
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
© 2023 Claudia Sahm
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