JOURNAL ARTICLE

David Hémous discussion of: The simple macroeconomics of AI.

  • Published In: Economic Policy, 2025, v. 40, n. 121. P. 65 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Hémous, David 3 of 3

Abstract

The article discusses the potential impact of Artificial Intelligence (AI) on productivity, with varying predictions ranging from a 7% increase in global GDP to a 0.66% increase in total factor productivity (TFP) over 10 years. The author, David Hémous, provides a methodology to estimate AI's impact on TFP, output, and welfare, highlighting the uncertainty surrounding these predictions due to factors like technology diffusion and AI's role in automated tasks and innovation. The paper emphasizes the need for realistic predictions about AI's short-term effects and raises questions about its influence on productivity in automated tasks and the innovation production function. [Extracted from the article]

Additional Information

  • Source:Economic Policy. 2025/01, Vol. 40, Issue 121, p65
  • Document Type:Article
  • Subject Area:Economics
  • Publication Date:2025
  • ISSN:0266-4658
  • DOI:10.1093/epolic/eiae061
  • Accession Number:182905951
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