Therein lies the rub. Today’s business, economic, and monetary policy discussions around AI center on the durability of a tech-heavy stock market, expected productivity gains, and effects on wages and the labor market, all of which are important. But no one knows exactly how or when AI will create these huge shifts in our economy. Given this, a prudent policy stance is one of scenario planning and risk management, proactively taking steps that are flexible to different forms of disruption.
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