8th ANNUAL RESEARCH CONFERENCE Economics of Artificial Intelligence

Speakers

13 November

• • 09:15h - 09:30h
  • Welcome address

    Deputy Governor Soledad Núñez (Banco de España)

• • 09:30h - 11:30h
  • MONETARY POLICY 1 MODELLING TOPICS

    Chair: Giuseppe Bruno (Banca d'ltalia)

    Estimating nonlinear heterogeneous agent models with neural networks

    Authors: Hanno Kase (ECB), Leonardo Melosi (EUI) and Mattias Rottner (BIS)

    Speaker: Leonardo Melosi  (5 MB) (European University lnstitute)

    Discussant: Vytautas Valaitis  (244 KB) (University of Surrey)

    Monetary policy with persistent supply shocks

    Authors: Galo Nuño (Banco de España), Philipp Renner (University of Lancaster) and Simon Scheidegger (HEC Lausanne)

    Speaker: Simon Scheidegger  (3 MB) (HEC Lausanne)

    Discussant: Oreste Tristani  (266 KB) (ECB)

• • 11:30h - 12:00h
  • Coffee break
• • 12:00h - 13:00h
  • KEYNOTE SPEECH

    Deep Learning in Economics: A Geometric lnterpretation

    Jesus Fernández Villaverde  (1 MB) (University of Pennsylvania)

• • 13:00h - 14:30h
  • Lunch
• • 14:30h - 16:30h
  • PRODUCTIVITY AND LABOUR MARKET

    Chair: Luis Servén (Council Member, Banco de España)

    The rapid adoption of generativa Al

    Authors: Alexander Bick (Federal Reserve Bank of St. Louis), Adam Blandin (Vanderbilt University) and David Deming (Harvard Kennedy School)

    Speaker: Alexander Bick  (1 MB) (Federal Reserve Bank of St. Louis)

    Discussant: Christina Gathmann  (317 KB) (LISER)

    Al and the labor market

    Authors: Mennaka Hampole (Yale SOM), Dimitris Papanikolaou (Kellogg School of Management), Lawrence D.W. Schmidt (Sloan School of Management MIT) and Bryan Seegmiller (Northwestern University)

    Speaker: Dimitris Papanikolaou  (2 MB) (Kellogg School of Management)

    Discussant: Ana Lamo  (1 MB) (ECB)

• • 16:30h - 17:00h
  • Coffee break
• • 17:00h - 18:00h
  • PRODUCTIVITY AND LABOUR MARKET

    Chair: Luis Servén (Council Member, Banco de España)

    Artificial intelligence in the knowledge economy

    Authors: Enrique Ide (IESE) and Eduard Talamas (IESE)

    Speaker: Eduard Talamas  (589 KB) (IESE)

    Discussant: Luis Garicano  (187 KB) (London School of Economics)

14 November

• • 09:00h - 11:00h
  • FINANCIAL STABILITY

    Chair: José Maria Serena (DG Financial Stability, Banco de España)

    lnstitutional asset pricing, segmentation, and inequality

    Authors: Goutan Gopalakrishna (University of Toronto), Zhouzhou Gu (Princeton University) and Jonathan Payne (Princeton University)

    Speaker: Jonathan Payne  (5 MB) (Princeton University)

    Discussant: Riccardo Cioffi  (276 KB) (París School of Economics)

    Artificial intelligence and relationship lending

    Authors: Leonardo Gambacorta (BIS), Fabiana Sabatini (Banca d'ltalia) and Stefano Schiaffi (Banca d'ltalia)

    Speaker: Leonardo Gambacorta  (1 MB) (BIS)

    Discussant: Gianmarco Ruzzier  (264 KB) (Banco de España)

• • 11:00h - 11:30h
  • Coffee break
• • 11:30h - 13:30h
  • MONETARY POLICY 2 INFLATION FORECASTING ANO COMMUNICATION

    Chair: Mayte Ledo (DG Strategy, People and Data, Banco de España)

    Simulating the SPF

    Authors: Anne Lundgaard Hansen (Federal Reserve Bank of Richmond}, John J. Horton (MIT Sloan School of Management), Sophia Kazinnik (Stanford HAI), Diana Puzzello (Indiana University Bloomington) and A. Zarifhonarvar (Indiana University Bloomington)

    Speaker: Sophia Kazinnik  (1 MB) (Stanford University HAI)

    Discussant: Joan Paredes  (813 KB) (National Bank of Slovakia)

    Word2Prices: Embedding central bank communications for inflation prediction

    Authors: Douglas Arauja (BIS}, Nikola Bokan (ESM), Fabio A. Comazzi (ECB) and Michele Lenza (ECB)

    Speaker: Michele Lenza  (338 KB) (ECB)

    Discussant: Michael McMahon  (490 KB) (University of Oxford)

• • 13:30h - 15:00h
  • Lunch, end of conference