How will AI shape monetary policy? 🤖💶
In a thought-provoking speech, ECB Executive Board member Philip R. Lane explores how AI could affect inflation, productivity, investment, energy demand and even the natural rate of interest. The key message: the macroeconomic impact of AI will depend not only on technological progress, but also on how households, firms and policymakers respond to an uncertain transition.
In a thought-provoking speech, ECB Executive Board member Philip R. Lane explores how AI could affect inflation, productivity, investment, energy demand and even the natural rate of interest. The key message: the macroeconomic impact of AI will depend not only on technological progress, but also on how households, firms and policymakers respond to an uncertain transition.
