00000nam 2200000zi 4500 9.882091 CaOODSP 20221107170216 m o d f cr |n||||||||| 191118t20192019oncd ob f000 0 eng d CaOODSP eng rda CaOODSP eng fre n-cn--- FB3-6/2019-11E-PDF Poloz, Stephen S., author. Technological progress and monetary policy : managing the fourth industrial revolution / by Stephen S. Poloz. Ottawa : Bank of Canada, 2019. ©2019 1 online resource (v, 14 pages) : charts. text txt rdacontent computer c rdamedia online resource cr rdacarrier Bank of Canada staff discussion paper, 1914-0568 ; 2019-11 "November 2019." Includes bibliographical references (pages 13-14). "This paper looks at the implications for monetary policy of the widespread adoption of artificial intelligence and machine learning, which is sometimes called the fourth industrial revolution. The paper reviews experiences from the previous three industrial revolutions, developing a template of shared characteristics: new technology displaces workers; investor hype linked to the new technology leads to financial excesses; new types of jobs are created; productivity and potential output rise; prices and inflation fall; and real debt burdens increase, which can provoke crises when asset prices crash"--Abstract. Includes abstract in French. gccst Monetary policy gccst Artificial intelligence Bank of Canada. Staff discussion paper (Bank of Canada) 2019-11. (CaOODSP)9.806273 PDF 555 KB https://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-6-2019-11-eng.pdf