AI and the Economy

By Jason Furman (Harvard) & Robert Seamans (NYU)

We review the evidence that artificial intelligence (AI) is having a large effect on the economy. Across a variety of statistics there is evidence of a large increase in AI-related activity. We thenconsider current and potential policies around AI that may help to boost productivity growth while also mitigating any labor market downsides including evaluating the pros and cons of an AI specific regulator, expanded antitrust enforcement.

Continue reading…