Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride. Don't just understand the economy – understand the world. Wanna go deeper? Subscribe to Planet Money+ and get sponsor-free episodes of Planet Money, The Indicator, and Planet Money Summer School. Plus access to bonus content. It's a new way to support the show you love. Learn more at plus.npr.org/planetmoney
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Lars Christensen on AI and its Impact on Monetary Policy and the Broader Field of Economics
Manage episode 422773955 series 166390
Content provided by David Beckworth and Mercatus Center at George Mason University. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Beckworth and Mercatus Center at George Mason University or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Lars Christensen is a founding member of the market monetarist tradition, an entrepreneur in the AI space, and is also a returning guest to Macro Musings. Lars rejoins the podcast to talk about AI and its implications for the economy and for monetary policy. David and Lars also discuss the basics and implications of dynamic pricing, AI’s growing use within econometric analysis, how AI will impact the Fed and its policymaking, and much more.
Transcript for this week’s episode.
Lars’s Twitter: @MaMoMVPY
Lars’s blog
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Check out our new AI chatbot: the Macro Musebot!
Join the new Macro Musings Discord server!
Join the Macro Musings mailing list!
Check out our Macro Musings merch!
Related Links:
*From Merchants to Quants: The Digital Revolution in Retail* by Lars Christensen
*Less Than Zero: The Case for a Falling Price Level in a Growing Economy* by George Selgin
Timestamps:
(00:00:00) – Intro
(00:01:16) – Lars’s Move from Macro to AI
(00:08:02) – The Basics and Implications of Dynamic Pricing
(00:16:17) – Using AI for Econometric Analysis
(00:23:54) – The Implications of AI for the Economics Field
(00:35:45) – How Will AI Impact the Federal Reserve and its Policymaking
(00:38:55) – Deflation as a Response to an AI Driven Productivity Shock
(00:52:08) – Outro
Photo Credit: Nordnet Bank
454 episodes
Share
Manage episode 422773955 series 166390
Content provided by David Beckworth and Mercatus Center at George Mason University. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by David Beckworth and Mercatus Center at George Mason University or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Lars Christensen is a founding member of the market monetarist tradition, an entrepreneur in the AI space, and is also a returning guest to Macro Musings. Lars rejoins the podcast to talk about AI and its implications for the economy and for monetary policy. David and Lars also discuss the basics and implications of dynamic pricing, AI’s growing use within econometric analysis, how AI will impact the Fed and its policymaking, and much more.
Transcript for this week’s episode.
Lars’s Twitter: @MaMoMVPY
Lars’s blog
David Beckworth’s Twitter: @DavidBeckworth
Follow us on Twitter: @Macro_Musings
Check out our new AI chatbot: the Macro Musebot!
Join the new Macro Musings Discord server!
Join the Macro Musings mailing list!
Check out our Macro Musings merch!
Related Links:
*From Merchants to Quants: The Digital Revolution in Retail* by Lars Christensen
*Less Than Zero: The Case for a Falling Price Level in a Growing Economy* by George Selgin
Timestamps:
(00:00:00) – Intro
(00:01:16) – Lars’s Move from Macro to AI
(00:08:02) – The Basics and Implications of Dynamic Pricing
(00:16:17) – Using AI for Econometric Analysis
(00:23:54) – The Implications of AI for the Economics Field
(00:35:45) – How Will AI Impact the Federal Reserve and its Policymaking
(00:38:55) – Deflation as a Response to an AI Driven Productivity Shock
(00:52:08) – Outro
Photo Credit: Nordnet Bank
454 episodes
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Similar to Macro Musings with David Beckworth
Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride. Don't just understand the economy – understand the world. Wanna go deeper? Subscribe to Planet Money+ and get sponsor-free episodes of Planet Money, The Indicator, and Planet Money Summer School. Plus access to bonus content. It's a new way to support the show you love. Learn more at plus.npr.org/planetmoney
…
continue reading
Freakonomics co-author Stephen J. Dubner uncovers the hidden side of everything. Why is it safer to fly in an airplane than drive a car? How do we decide whom to marry? Why is the media so full of bad news? Also: things you never knew you wanted to know about wolves, bananas, pollution, search engines, and the quirks of human behavior. Join the Freakonomics Radio Plus membership program for weekly member-only episodes of Freakonomics Radio. You’ll also get every show in our network without a ...
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This famously is the year of elections. So the Stephanomics feed has been taken over by our bonus series, Voternomics. It’s a weekly look at the way geopolitics - and elections - are upending the longstanding assumptions of policymakers and business people around the world. Hosted by Stephanie Flanders, head of Bloomberg Economics and former BBC economics editor, former government advisor Allegra Stratton and Opinion columnist and author Adrian Wooldridge.
…
continue reading
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It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
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