While some observers argue that artificial intelligence may lead to large productivity gains, there are also concerns that it may lead to technological unemployment and rising inequality by triggering a wave of automation. This column uses a macroeconomic framework to study monetary and fiscal policies for AI. The authors argue that coupling advances in AI with an appropriate macroeconomic policy mix is crucial to ensure that it benefits workers and leads to shared prosperity. Indeed, macroeconomic policies may determine whether the spread of AI will cause an economic boom or a slump.
Πηγή: Voxeu