Changing Fortunes: Long-Termism—G-Zero, Artificial Intelligence and Debt
This paper discusses three long-term forces that are acting on the global economy and their implications for companies and policy-makers.
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4
result(s)
Technological Progress and Monetary Policy: Managing the Fourth Industrial Revolution
Staff discussion paper 2019-11
Stephen S. Poloz
This paper looks at the implications for monetary policy of the widespread adoption of artificial intelligence and machine learning, which is sometimes called the “fourth industrial revolution.”
Content Type(s):
Staff research,
Staff discussion papers
JEL Code(s):
C,
C5,
E,
E3,
O,
O1,
O11,
O3,
O33
Research Theme(s):
Financial system,
Financial stability and systemic risk,
Models and tools,
Economic models,
Monetary policy,
Monetary policy framework and transmission,
Structural challenges,
Digitalization and productivity
The Paul Storer Memorial Lecture—Cross-Border Trade Integration and Monetary Policy
Staff discussion paper 2016-20
Stephen S. Poloz
In this paper we explore the nexus between cross-border trade integration and monetary policy. We first review the evidence that trade liberalization has increased the degree of integration in North America and conclude that, while robust structural inferences remain elusive, there is sufficient supporting evidence for central banks to treat the issue seriously.
Content Type(s):
Staff research,
Staff discussion papers
JEL Code(s):
E,
E3,
E37,
E5,
F,
F1,
F4,
F41,
F6
Research Theme(s):
Models and tools,
Economic models,
Monetary policy,
Monetary policy framework and transmission,
Structural challenges,
International trade, finance and competitiveness
The Doug Purvis Memorial Lecture—Monetary/Fiscal Policy Mix and Financial Stability: The Medium Term Is Still the Message
Staff discussion paper 2016-13
Stephen S. Poloz
In the Doug Purvis Memorial Lecture, Governor Stephen S. Poloz shows how changing the mix of monetary and fiscal policies can yield the same outcomes for growth and inflation, but lead to different results for public sector and private sector debt levels, which can impact financial stability.
Content Type(s):
Staff research,
Staff discussion papers
JEL Code(s):
E,
E3,
E37,
E5,
E6,
E63
Research Theme(s):
Financial system,
Financial stability and systemic risk,
Models and tools,
Economic models,
Monetary policy,
Monetary policy framework and transmission,
Monetary policy tools and implementation