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.
The CFM surveys informs the public about the views held by prominent economists based in Europe on important macroeconomic and public policy questions. Some surveys focus specifically on the UK economy (as the CFM is a UK research centre), but surveys can in principle focus on any macroeconomic question for any region. The surveys shed light on the extent to which there is agreement or disagreement among these experts. An important motivation for the survey is to give a more comprehensive overview of the beliefs held by economists and in particular to include the views of those economists whose opinions are not frequently heard in public debates.
Questions mainly focus on macroeconomic and public policy topics. Although there are some questions that focus specifically on the UK economy, the setup of the survey is much broader and considers questions related to other countries/regions and also considers questions not tied to a specific economy.
The surveys are done in collaboration with the Centre for Economic Policy Research (CEPR).
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?
Question 1: What will be the implications of recent developments in AI on global economic growth, as they mature over the upcoming decade?
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?
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?
Question 1: How likely is it that peak headline euro area inflation is behind us?
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