Two papers examine the complex impacts of AI and automation on the economy. One paper reveals how automation in labor markets with worker rents can amplify wage inequality and potentially offset productivity gains, while the other finds that AI-related inventions are associated with employment growth and increased output per worker.

Two recent papers explore the evolution of language models in central banking highlighting the potential and challenges of integrating advanced AI techniques in central bank operations and research.

Do new technologies increase employment? Is inventor mobility important to innovation?

New research investigates the economic effects of AI and the regulatory actions taken in response. Economists on opposite sides of the Atlantic hold markedly contrasting views on the need to regulate AI.

Some experts believe that artificial general intelligence (AGI), enabling AI to perform essentially all human tasks, will have transformative implications for the macroeconomy. Are these positive estimates exaggerated?

Recent data reveals surprising insights into the global landscape of AI adoption, highlighting the leading countries, the distinctive characteristics of firms that use AI, and other notable trends.

After all the fearmongering about AI’s negative impact on jobs, two papers highlight the positive effects of AI on middle-class jobs and economic research.

Two research papers provide important insights on how these new AI tools can be deployed in economics.

Can generative AI reduce productivity inequality? Can it change the scientific process in economics?

Economists are divided on the issue.