Technological progress and monetary policy : managing the fourth industrial revolution / by Stephen S. Poloz.: FB3-6/2019-11E-PDF
"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.
Permanent link to this Catalogue record:
publications.gc.ca/pub?id=9.882091&sl=0
| Department/Agency | Bank of Canada. |
|---|---|
| Title | Technological progress and monetary policy : managing the fourth industrial revolution / by Stephen S. Poloz. |
| Series title | Bank of Canada staff discussion paper, 1914-0568 ; 2019-11 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "November 2019." Includes bibliographical references (pages 13-14). Includes abstract in French. |
| Publishing information | Ottawa : Bank of Canada, 2019. ©2019 |
| Author / Contributor | Poloz, Stephen S., author. |
| Description | 1 online resource (v, 14 pages) : charts. |
| Catalogue number |
|
| Subject terms | Monetary policy Artificial intelligence |
Request alternate formats
To request an alternate format of a publication, complete the Government of Canada Publications email form. Use the form’s “question or comment” field to specify the requested publication.- Date modified: