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Lars Christensen is a founding member of the market monetarist tradition, an entrepreneur in the AI space, and is also a returning guest to Macro Musings. Lars rejoins the podcast to talk about AI and its implications for the economy and for monetary policy. David and Lars also discuss the basics and implications of dynamic pricing, AI\u2019s growing use within econometric analysis, how AI will impact the Fed and its policymaking, and much more.

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Transcript for this week\u2019s episode.

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Lars\u2019s Twitter: @MaMoMVPY

Lars\u2019s blog

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David Beckworth\u2019s Twitter:\xa0@DavidBeckworth

Follow us on Twitter:\xa0@Macro_Musings

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Related Links:

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*From Merchants to Quants: The Digital Revolution in Retail* by Lars Christensen

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*Less Than Zero: The Case for a Falling Price Level in a Growing Economy* by George Selgin

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Timestamps:

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(00:00:00) \u2013 Intro

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(00:01:16) \u2013 Lars\u2019s Move from Macro to AI

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(00:08:02) \u2013 The Basics and Implications of Dynamic Pricing

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(00:16:17) \u2013 Using AI for Econometric Analysis

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(00:23:54) \u2013 The Implications of AI for the Economics Field

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(00:35:45) \u2013 How Will AI Impact the Federal Reserve and its Policymaking

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(00:38:55) \u2013 Deflation as a Response to an AI Driven Productivity Shock

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(00:52:08) \u2013 Outro

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Photo Credit: Nordnet Bank