Blanchflower, David G.; Bryson, Alex - National Bureau of Economic Research - 2021
We examine the start date of the Great Recession across OECD countries based on two successive quarters of negative GDP … growth recession. For most OECD countries this establishes the start of recession in Q22008 or Q32008. We find that the Sahm … Rule identifies the start of recession in the US to the beginning of 2008 but in other OECD countries it identifies the …