The purpose of this one-day conference is to discuss the aggregate economic and financial consequences of Artificial Intelligence (AI) and enhance the preparedness of Central Banks for technological advances in this field.
Attendance is by invitation only.
Information
24 October 2024
Banco de España, Madrid
Call for papers ( 159 KB )
Presentations (video)
Speakers
24 October
-
- 08:30h - 09:15h
- Registration and coffee
-
- 09:15h - 09:30h
-
Introductory Remarks
Philipp Hartmann (European Central Bank)
-
-
SESSION 1
Labour Markets
Chair: Emmanuel Dhyne (Nationale Bank van België/Banque Nationale de Belgique)
-
- 09:30h - 10:10h
-
New Technologies and Jobs in Europe
Stefania Albanesi (University of Pittsburgh), António Dias da Silva (European Central Bank), Juan F. Jimeno
(1 MB) (Banco de España), Ana Lamo (European Central Bank), Alena Wabitsch (University of Oxford)Discussant: Maximilian Freier
(231 KB) (European Central Bank)
-
- 10:10h - 10:50h
-
The Impact of AI on Hungary’s Labour Market: Evidence from Job Ads
Eszter Baranyai
(3 MB), Granát Marcell, Szepesi Mór (all Magyar Nemzeti Bank)Discussant: Jaanika Meriküll
(889 KB) (Eesti Pank)
-
- 10:50h - 11:30h
-
The Rise of Generative AI Modelling Exposure
Raphael Auer, David Köpfer, and Josef Švéda (all Bank for International Settlements)
Discussant: Omar Rachedi
(1 MB) (Esade, Universitat Ramon Llull)
-
- 11:30h - 12:00h
- Coffee Break
-
- 12:00h - 13:10h
-
Panel: How Will the Spreading of Artificial Intelligence Tools Affect Monetary Policy?
Chair: Mayte Ledo Turiel (Banco de España)
Luis Garicano
(669 KB) (London School of Economics), Helène Rey (London Business School), Gertjan Vlieghe (Millennium Capital Partners LLP)
-
- 13:10h - 14:10h
- Lunch
-
-
SESSION 2
Inflation and Monetary Policy
Chair: Jaime Martínez-Martín (Banco de España)
-
- 14:10h - 14:50h
-
The Impact of Artificial Intelligence on Output and Inflation
Iñaki Aldasoro
(3 MB), Sebastian Doerr, Leonardo Gambacorta, Daniel Rees (all Bank for International Settlements)Discussant: Michaela Elfsbacka-Schmöller
(171 KB) (Suomen Pankki – Finlands Bank and European Central Bank)
-
- 14:50h - 15:30h
-
Robot Adoption and Inflation Dynamics
Henrique Basso (Banco de España), Omar Rachedi (Esade, Universitat Ramon Llull)
Discussant: Dominik Thaler
(1 MB) (European Central Bank)
-
- 15:30h - 16:00h
- Coffee Break
-
-
SESSION 3
Macroeconomy
Chair: Galo Nuño (Banco de España)
-
- 16:00h - 16:40h
-
The Macroeconomic Effects of AI Innovation
Andrea Gazzani
(1 MB), Filippo Natoli (both Banca d’Italia)Discussant: Francesco Filippucci (OECD)
-
- 16:40h - 19:30h
-
The Macroeconomic Implications of the Gen-AI Economy
(2 MB)Pablo Guerron Quintana
(2 MB), Tomoaki Mikami, Jaromir Nosal (all Boston College)Discussant: Maria Alejandra Amado
(133 KB) (Banco de España)
-
- 17:20h - 17:20h
- End of Sessions
-
- 19:30h - 19:30h
- Dinner by Invitation