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Should economists be more concerned about AI?
Mauricio Armellini and Tim Pike. This post highlights some of the possible economic implications of the so-called “Fourth Industrial Revolution” — whereby the use of new technologies and artificial…
What can artificial intelligence reveal about firms’ pricing decisions from text-based business intelligence? We use a large language model (LLM) to quantify pricing narratives from reports documenting discussions during the Bank of England’s company visits. The LLM is prompted to derive scores for output-price…
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Mauricio Armellini and Tim Pike. This post highlights some of the possible economic implications of the so-called “Fourth Industrial Revolution” — whereby the use of new technologies and artificial…