14min chapter

ROCKING OUR PRIORS cover image

How does Low Fertility Affect Economic Growth, Worldwide? Jesús Fernández-Villaverde

ROCKING OUR PRIORS

CHAPTER

AI and Economic Measurement Challenges

This chapter explores the complex relationship between artificial intelligence and economic growth, emphasizing the difficulties in measuring output with traditional metrics like GDP. It discusses the implications of AI on productivity and how advancements could lead to nearly free goods and services, complicating current economic indicators. Additionally, the need for government interventions and frameworks to accommodate aging populations and evolving work structures in an AI-driven economy is highlighted.

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