Many public institutions are now experimenting with AI tools to support surveillance, supervision, and policy analysis. Paola Ganum and Tohid Atashbar show that today’s LLMs perform well on structured, factual tasks but remain less reliable on nuanced rating questions, where human judgement still matters
Macrofinance meets AI: evaluating alignment between LLMs and economists Read More »
Predictions of the effects of AI on the economy and society tend to focus on productivity growth, job losses, and shifts in the distribution of income. Karen Dynan, Douglas Elmendorf and Louise Sheiner examine various potential scenarios for the macroeconomic effects of AI on US fiscal policy
How the rise of AI matters for fiscal policy Read More »
AI has the potential to transform lives and the US economy. Michael Barr warns that artificial intelligence could dramatically narrow or widen economic inequality in the US, depending on the policy choices society makes in the coming years
Artificial intelligence and financial inclusion Read More »
Europe faces unprecedented geopolitical and economic challenges, including high dependencies on external providers for energy, technology, security, and financial infrastructure. Frank Elderson argues reducing these dependencies is essential for safeguarding the European way of life
Strengthening operational resilience for the age of AI Read More »
AI looks increasing likely to become what technologists call a general-purpose technology. Michael Barr discusses the rapid evolution of AI and the potential impact of generative AI on the labour market and the economy
What will AI mean for the labour market? Read More »
The global economy has shown resilience despite heightened uncertainty, supply side shocks, and geopolitical risks, but downside risks remain significant. Andrew Bailey says that sustaining growth and financial stability will require innovation, openness, international cooperation, and strong global institutions
The current state of the world economy Read More »
AI offers substantial benefits to society. Stephen Cecchetti, Robin Lumsdaine, Tuomas Peltonen and Antonio Sánchez Serrano discuss significant concerns regarding risks to the financial system and propose a mix of competition and consumer protection policies address these vulnerabilities
Artificial intelligence and systemic risk Read More »
AI is transforming finance faster than the authorities can adapt. Jon Danielsson argues that while AI enhances the financial system’s efficiency, it also poses new, poorly understood risks, and ineffective supervision will mean a higher risk of financial crisis
How financial authorities should tackle AI challenges Read More »
Artificial intelligence could be revolutionary. Michael Barr discusses the opportunities presented by AI relevant for central bankers as well as the potential risks AI may pose that policymakers should consider
Artificial intelligence and central banking Read More »
AI is a transformational technology, perhaps in ways as dramatic as past technological achievements. Philip Jefferson considers how AI will influence the Fed’s dual mandate of promoting maximum employment and stable prices
Artificial Intelligence and the economy Read More »
