The OECD published revised forecasts for the world economy and individual countries:
Are there productivity gains from teleworking?
In the week ending September 12, 860,000 Americans registered to claim for jobless benefits (seasonally adjusted). Although the steady decrease in the initial weekly claims continues, the numbers are still high:
Changes in U.S. real average hourly earnings from June 2009 to December 2019 (very interesting!):
Do we need a “science of progress”? (a piece from 2019 by Patrick Collison and Tyler Cowen):
The demand for new currencies during a recession (Alex Tabarrok):
“Economic growth and productivity – Italy and the role of knowledge”: Speech by Mr Ignazio Visco, Governor of the Bank of Italy. Very interesting!
“Unemployment among young workers during COVID-19”:
“Training during and after COVID-19”:
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:
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”
Kenneth Rogoff on the “uncertainty pandemic”:
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”:
The American middle class time squeeze
Design choices for central bank digital currency
Digital Payments, Crypto, and Libra:
Adam Posen on employment goals of central banks:
U.S. August 2020 Jobs Report: The Easy Wins Are Fading:
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