.@avi_collis and I have been working on our new measure of the economy, GDP-B, since we were both at MIT. Today, we have an article in the @WSJ about how it can be used to assess the consumer surplus of AI. In the fall, the AEJ Macro will publish our article on how GDP-B measures the benefits of new and free goods that are missing from traditional GDP.
Avinash (Avi) Collis
Avinash (Avi) Collis4.8. klo 04.11
My latest (with @erikbryn) in @WSJ today: AI is already generating a lot of benefits ($97 billion in 2024 in the US alone, according to our calculations), but these benefits will not show up in GDP numbers for a while.
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