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Lars Christensen on AI and its Impact on Monetary Policy and the Broader Field of Economics

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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

  continue reading

451 episodes

Artwork
iconShare
 
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

  continue reading

451 episodes

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