What caught my eye today: Higher import prices in the United States, the “uncertainty pandemic”, and the revised monetary policy strategy of the Fed

In August, U.S. import prices increased by 0.9 percent according to the Bureau of Labor Statistics (both higher fuel and nonfuel import prices contributed to the increase). Prices for U.S exports also increased by 0.5 percent. Here is the full news release:

https://www.bls.gov/news.release/ximpim.nr0.htm

There is a large and fierce public debate on so-called “zombie” firms (firms that are unprofitable but nevertheless remain in the market). A new BIS working paper on this issue: “Corporate zombies: Anatomy and life cycle”

https://www.bis.org/publ/work882.htm

Kenneth Rogoff on the “uncertainty pandemic”:

https://www.project-syndicate.org/commentary/covid19-uncertainty-growth-employment-politics-by-kenneth-rogoff-2020-09

John Williams (President of the Federal Reserve Bank of New York) on the revised monetary policy framework of the Fed: “A new chapter for the FOMC monetary policy framework”:

https://www.bis.org/review/r200903b.htm

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