Managing Editors
Roberto Galbiati
Isabelle Mejean
About the journal
Economic Policy provides timely and authoritative analyses of the choices confronting policymakers. The subject matter ranges from the study of how individual markets can and should work to the broadest interactions ...
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Generative AI: The Likely Effects on Productivity, Growth, Wages and Inequality
The invited policy session of the 79th Economic Policy panel meeting (4 April 2024) featured Daron Acemoglu of MIT presenting new analysis of claims about the supposedly large macroeconomic implications of advances in generative artificial intelligence. Using a task-based approach to assessing AI’s effects on productivity, his study concludes that the impact on GDP is likely to be modest.
The research also explored the wage and inequality effects of generative AI, concluding that even if generative AI increases productivity in various tasks, these are unlikely to translate into higher wages or lower inequality.
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Rethinking China's Growth
The invited policy session of the 78th Economic Policy panel meeting featured Kenneth Rogoff of Harvard University presenting new evidence of China’s heavy reliance on real estate and infrastructure construction as a central part of its economic growth. The report reveals that the share of these two sectors in China’s GDP far exceeds the levels found in the United States and Europe; only Spain in the run-up to its financial crisis came close.
Highly Cited Articles
We are delighted to announce Economic Policy's latest Impact Factor. To celebrate, we have curated a free selection of the most cited papers published in recent years. Use this collection to support your current research, or get up to date with important discussions in the field.
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Special Issues
Tensions in the international scene have been rising over the last few decades, and the global economic order is undergoing a fundamental transformation from a rules-based to a power-based system.
These issues examine the political and economic drivers of escalating tensions, study the economic and financial vulnerabilities in an insecure world and investigate the extent to which economic sanctions can be used to achieve foreign policy goals.
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Articles from Oxford Journals economics titles are classified according to the system used by the Journal of Economic Literature (commonly known as 'JEL codes').
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