Branko Milanovic: Three types of literature regarding the world of AI
I feel somewhat embarrassed to contribute to the deluge of the articles on artificial intelligence. I did my part already: in a piece that looked at how digital communications is changing everyday life in China, in another on how Marx and neo-classics might look at the role of artificial intelligence, and more recently on what would be […]
Energy shocks and inflation: challenges for monetary policy
Ryan Banerjee, Fiorella De Fiore, Marco Lombardi, Giovanni Lombardo The recent energy shock ranks among the most significant since the 1990s.Structural factors and initial conditions influence how energy shocks propagate into inflation – directly and through second-round effects.The appropriate monetary policy reaction depends on the persistence of the inflationary pressures as well as the magnitude […]