9min chapter

Macro Musings with David Beckworth cover image

Lars Christensen on AI and its Impact on Monetary Policy and the Broader Field of Economics

Macro Musings with David Beckworth

CHAPTER

The Evolution of Dynamic Pricing in Retail and Finance

Exploring the shift towards dynamic pricing in retail, the chapter compares pricing strategies in US and Scandinavian supermarkets, while drawing parallels to electronic trading in finance. The discussion also touches upon the potential impact of AI on monetary policy and the challenges posed by less flexible wages and input costs.

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