Reading the Tea Leaves of the U.S. Business Cycle—Part Two
New work by Richard Crump, Domenico Giannone, and David Lucca finds labor market data to be the most reliable information for dating the U.S. business cycle.
Reading the Tea Leaves of the U.S. Business Cycle—Part One
Okun’s Law and Long Expansions
Economic forecasters frequently use a simple rule of thumb called Okun’s law to link their real GDP growth forecasts to their unemployment rate forecasts.