Economic Policy Challenges for the Age of AI [PDF | Deep Dive Podcast (11min)], forthcoming in Rethinking Economic Policy: Steering Structural Change, MIT Press, 2025.
Discusses the paradigm shift that the Age of AI will generate and examines the resulting challenges for economics and economic policyConcentrating Intelligence: Scaling and Market Structure in Artificial Intelligence [Publication | INET WP | Blog], with Jai Vipra, Economic Policy 40(121), pp. 225-256, Jan. 2025.
Examines market concentration in AI, the potential for market tipping, and the risks from vertical integration Generative AI for Economic Research: LLMs Learn to Collaborate and Reason [PDF | Deep Dive Podcast (11 min)], update of "Generative AI for Economic Research," Journal of Economic Literature, Dec. 2024.
Hands-on guide for how to use generative AI in economic research, focusing on advances of the past year, esp. LLM reasoning and collaborative workspacesIntelligent financial system: how AI is transforming finance [BIS Working Paper | X Thread | LM Podcast (15min)], with Iñaki Aldasoro et al., Jun. 2024.
Analyzes how AI Agents and AGI will transform four main functions of the financial system, examines the risk of disruption, and evaluates regulatory responsesScenarios for the Transition to AGI [PDF | Slides], with Donghyun Suh, Mar. 2024.
Analyzes what the transition to artificial general intelligence would imply for output and wagesPreparing for the (Non-Existent?) Future of Work [WP | Publication], with Megan Juelfs, Oxford Handbook of AI Governance, pp. 746-776, Apr. 2024
If transformative AI makes human labor redundant, what are the economic and social implications, and how can we prepare for it? Scenario Planning for an A(G)I Future [Link | PDF], IMF Finance & Development Magazine 60(4), pp. 30-33, Dec. 2023
Makes the case that economists and policymakers need to prepare for the possibility of human-level artificial intelligenceAI's Economic Peril to Democracy [PDF | Publication], with Stephanie A. Bell, Journal of Democracy, Oct. 2023
Examines how AI could erode democracy by amplifying inequality and offers countervailing solutions Steering Technological Progress [PDF | Slides], with Joseph Stiglitz, Oct. 2020
Analyzes how to steer technological progress in directions that complement labor rather than displacing it - cited by The Economist's Free ExchangeIntegrating Ethical Values and Economic Value to Steer Progress in Artificial Intelligence [Publication | WP], in Markus Dubber et al. (eds.), Oxford Handbook of Ethics of Artificial Intelligence, Oxford University Press, July 2020
Complementing market incentives with ethical values is crucial to steer progress in AI in a direction that is beneficial for humanity at large[ click here for more research ]