With the significant increase in public interest in ChatGPT since its breakthrough following the public release in November 2022, an expanding array of application possibilities is being discovered. This heightened interest is also reflected in economic contexts and for businesses. These...

Strategic foresight can help address long-term uncertainties by offering insights into the potential impact of artificial intelligence (AI) on national security. This analysis highlights the value of qualitative tools in exploring a variety of future scenarios related to breakthroughs in AI....

We develop a macroeconomic agent-based model to study the role of demand and supply factors in determining inflation dynamics. Local interactions of heterogeneous firms and households in the labor and goods markets characterize the model. Asymmetric information implies that firm selection is...

Inequality is a dynamic phenomenon, and the relative and absolute positions of individuals are subject to frequent shocks. It is important to know if preventive interventions mitigate adverse inequality effects of labor market shocks. We consider individuals up to three months before the...

Can people develop trust in Artificial Intelligence (AI) by learning about its developments? We conducted a survey experiment in a nationally representative panel survey in the United States (N = 1,491) to study whether exposure to news about AI influences trust differently than learning about...

This study examines the implications of artificial intelligence (AI) on employment, wages, and inequality in Latin America and the Caribbean (LAC). The paper identifies tasks and occupations most exposed to AI using comprehensive individual-level data alongside AI exposure indices. Unlike...