Lars Christensen on AI and its Impact on Monetary Policy and the Broader Field of Economics
Macro Musings with David Beckworth
The Impact of Artificial Intelligence on Economics and the Federal Reserve
This chapter explores the influence of artificial intelligence on economics, focusing on how AI is changing the field for PhD students and economists. It discusses the use of AI as a tool to enhance productivity, automate tasks, and simplify complex modeling, emphasizing the importance of critical thinking skills alongside AI-generated data. The conversation also delves into the potential effects of AI on the Federal Reserve, raising questions about the future role of economists and monetary policy decisions.
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