When artificial intelligence becomes a central banker

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Artificial intelligence is expected to be widely used by central banks as it brings considerable cost saving and efficiency benefits. However, as this column argues, it also raises difficult questions around which tasks can safely be outsourced to AI and what needs to stay in the hands of human decision makers. Senior decision makers will need to appreciate how AI advice differs from that produced by human specialists, and shape their human resource policies and organisational structure to allow for the most efficient use of AI without it threatening the mission of the organisation.

Published on VoxEU / CEPR