The relationship between artificial intelligence (AI), productivity, and inflation is complex and multifaceted. AI adoption is expected to significantly raise productivity, therefore increasing aggregate output in the long run. However, AI-related spending could increase consumption and investment even before productivity gains materialized. Inflation responses to AI adoption also depends on the expectations of households and […]
Author Archives: Cynyoung Park
Macroeconomics and Monetary Policy
Policy Lessons for Central Banks: High-Level Policy Roundtable on War, Oil Shocks, and Trade Restrictions
21
May
May
This blog post is based on the policy roundtable held on 15 May 2026, featuring panellists Professor Danny Quah, Professor Shang-Jin Wei, Professor Joseph Cherian, and Associate Professor Jamie Cross. In the age of geoeconomics, major economies increasingly use their power, market influence, and cross-border interdependence to advance national and strategic goals. Tariffs, sanctions, export […]
Human Capital, Leadership
Central Banks as Architects of Resilience: Why Governance, Independence, and Law Matter More Than Ever
05
May
May
The world of central banking is being reshaped at an unprecedented pace. Technological disruption, climate-related risks, and shifting geoeconomic dynamics are not only redefining the operating environment, but also fundamentally altering what is expected of central banks. In this context, central banks are increasingly called upon to act as “architects of resilience,” navigating a multitude […]