Monetary policy missteps more likely amid AI boom – BIS study
Authors warn uncertainty over new technology leaves traditional benchmarks vulnerable
Uncertainty over artificial intelligence’s net macroeconomic footprint complicates monetary policy analysis and increases the risks of policy miscalibration, a new bulletin by the Bank for International Settlements has said.
The study, released on July 28, says the impact AI will have on both demand and supply, and the timeframe over which this impact is likely to become apparent, remains unclear.
The authors – Iñaki Aldasoro, Leonardo Gambacorta, Enisse Kharroubi and Matthias Rottner – say the AI
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