14:30-16:30 CET




Monday, April 22, 2024

In cooperation with

Recent and forthcoming advances in artificial intelligence are also opening many avenues through which central banks’ work will be affected. For instance, AI affects the functioning of the economy at large, including effects on the labor market, on productivity and inflation. It affects the functioning of the financial sector, implying effects on the transmission of monetary policy as well as posing potential new challenges for financial stability. It affects the collection, management, use and visualization of big data sets of various kinds. It amplifies economists’ ability to process large amounts of information, helps in generating and estimating economic models and in drafting economic research, analysis and briefings. It may affect the way financial institutions are supervised. This online workshop brings together leading experts to provide an introduction and overview of how AI is about to change central banks’ work – structurally and on a day-to-day basis, what are possible use cases, and what opportunities and challenges – including data privacy, reliability and robustness – generative AI may offer and pose for central banks.

Program committee: Ernest Gnan (SUERF), Deniz Igan (BIS I SUERF) , Matthieu Darracq-Paries (ECB), and Juha Kilponen (Bank of Finland)


Monday, 22 April 2024
AI in Central Banking

Opening and Introduction

Ernest Gnan, SUERF
Moderation: Deniz Igan, BIS I SUERF

State and trajectory of generative AI – use cases and implications for economists

Anton Korinek, Professor, University of Virginia Presentation (pdf)

When AI becomes a central banker and supervisor: opportunities and pitfalls

Jón Daníelsson, Professor, LSE I SUERF Fellow Presentation (pdf)

Homepage of Jón Daníelsson: Artificial Intelligence and financial stability

AI in central banking: use cases, opportunities, challenges

Sebastian Doerr, Economist, BIS Presentation (pdf)

AI applications and governance at the ECB

Maximilian Freier, Lead Economist, ECB Presentation (pdf)