000	00000cam 2200000zi 4500
001	9.965210
003	CaOODSP
005	20260814140738
006	m     o  d f
007	cr cn|||||||||
008	260814e20260724oncd    ob   f000 0 eng d
040	|aCaOODSP|beng|erda|cCaOODSP
086	1 |aFB3-5/2026-27E-PDF
100	1 |aBrault, Joshua, |eauthor.
245	10|aMonetary policy in an AI-driven two speed economy / |cJoshua Brault, Maryam Haghighi, Jing Yang.
264	1|a[Ottawa] : |bBank of Canada = Banque du Canada, |cJuly 24, 2026.
264	4|c©2026
300	|a1 online resource (26 pages) : |bgraphs.
336	|atext|btxt|2rdacontent
337	|acomputer|bc|2rdamedia
338	|aonline resource|bcr|2rdacarrier
490	1 |aStaff working paper = |aDocument de travail du personnel, |x1701-9397 ; |v2026-27
500	|aTitle from cover.
504	|aIncludes bibliographical references (pages 23-24).
520	3 |a"We study the monetary policy response to AI adoption in a two-sector New Keynesian model with a task-based microfoundation, sticky prices, and downward nominal wage rigidity. We distinguish between two forms of AI-driven technological change: augmentation, which raises the productivity of labor within existing tasks, and automation, which displaces labor by reallocating tasks from workers to machines, contracting the set of tasks requiring human input"--Abstract, page 1.
650	0|aArtificial intelligence|xFinancial applications.
650	0|aMonetary policy|xEconometric models.
650	0|aKeynesian economics.
650	6|aIntelligence artificielle|xApplications financières.
650	6|aPolitique monétaire|xModèles économétriques.
650	6|aKeynésianisme.
710	2 |aBank of Canada, |eissuing body.
830	#0|aStaff working paper (Bank of Canada)|x1701-9397 ; |v2026-27.|w(CaOODSP)9.806221
856	40|qPDF|s1.94 MB|uhttps://publications.gc.ca/collections/collection_2026/banque-bank-canada/FB3-5-2026-27-eng.pdf