What caught my eye this week: Productivity gains from teleworking, unemployment among young workers, and much more…

The OECD published revised forecasts for the world economy and individual countries:

http://www.oecd.org/economic-outlook

Are there productivity gains from teleworking?

http://www.oecd.org/coronavirus/policy-responses/productivity-gains-from-teleworking-in-the-post-covid-19-era-a5d52e99

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:

https://www.dol.gov/ui/data.pdf

Changes in U.S. real average hourly earnings from June 2009 to December 2019 (very interesting!):

https://www.bls.gov/opub/mlr/2020/article/exploring-changes-in-real-average-hourly-earnings-june-2009-to-december-2019.htm

Do we need a “science of progress”? (a piece from 2019 by Patrick Collison and Tyler Cowen):

https://www.theatlantic.com/science/archive/2019/07/we-need-new-science-progress/594946

The demand for new currencies during a recession (Alex Tabarrok):

https://marginalrevolution.com/marginalrevolution/2020/09/does-demand-for-new-currencies-increase-in-a-recession.html

“Economic growth and productivity – Italy and the role of knowledge”: Speech by Mr Ignazio Visco, Governor of the Bank of Italy. Very interesting!

https://www.bis.org/review/r200908a.htm

“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:

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

The American middle class time squeeze

Design choices for central bank digital currency

https://voxeu.org/article/design-choices-central-bank-digital-currency

Digital Payments, Crypto, and Libra:

Adam Posen on employment goals of central banks:

https://asia.nikkei.com/Opinion/Central-bankers-need-to-overhaul-outdated-thinking-on-labor-markets?

U.S. August 2020 Jobs Report: The Easy Wins Are Fading:

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