Ugo Panizza's picture
Affiliation: 
The Graduate Institute, Geneva (HEID)
Credentials: 
Pictet Chair and Professor of Economics

Voting history

Artificial Intelligence and the Economy

Question 2: What will be the implications of recent developments in AI on unemployment in high income countries over the upcoming decade?

Answer:
Increase
Confidence level:
Not confident
Comment:
This is very hard to predict, but I suspect that structural unemployment might increase because there will be a substantial number of workers with skills which are no longer useful or valuable

Question 1: What will be the implications of recent developments in AI on global economic growth, as they mature over the upcoming decade?

Answer:
Increase (to 4-6%)
Confidence level:
Confident
Comment:
I am confident because I think that AI will lead to an increase in productivity and this higher economic growth. However, I am not very confident because it is possible that AI could increase unemployment and inequality and this may have backlashes on productivity and growth.

Prospects for Euro Area Inflation in 2023

Question 3:  Under its current policy trajectory, with rates peaking at 3.5%, which of the following is most likely?

Answer:
ECB policy rates will be appropriate in 2023.
Confidence level:
Confident

Question 2: Relative to market forecasts of the ECB’s MRO rate peaking at 3.5%, which of the following is more likely during 2023?

Answer:
The MRO rate will peak at 3.5%
Confidence level:
Not confident

Question 1: How likely is it that peak headline euro area inflation is behind us?

Answer:
Very likely
Confidence level:
Extremely confident
Comment:
Lower energy prices and ECB response will keep bringing inflation down

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