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040 |aCaOODSP|beng|erda|cCaOODSP
041 |aeng|bfre
043 |an-cn---
0861 |aFB3-6/2019-11E-PDF
1001 |aPoloz, Stephen S., |eauthor.
24510|aTechnological progress and monetary policy : |bmanaging the fourth industrial revolution / |cby Stephen S. Poloz.
264 1|aOttawa : |bBank of Canada, |c2019.
264 4|c©2019
300 |a1 online resource (v, 14 pages) : |bcharts.
336 |atext|btxt|2rdacontent
337 |acomputer|bc|2rdamedia
338 |aonline resource|bcr|2rdacarrier
4901 |aBank of Canada staff discussion paper, |x1914-0568 ; |v2019-11
500 |a"November 2019."
504 |aIncludes bibliographical references (pages 13-14).
5203 |a"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.
546 |aIncludes abstract in French.
69207|2gccst|aMonetary policy
69207|2gccst|aArtificial intelligence
7102 |aBank of Canada.
830#0|aStaff discussion paper (Bank of Canada)|v2019-11.|w(CaOODSP)9.806273
85640|qPDF|s555 KB|uhttps://publications.gc.ca/collections/collection_2019/banque-bank-canada/FB3-6-2019-11-eng.pdf