Bruegel Event Recordings

The advance of artificial intelligence and development of robotics is expected to have a great impact in our society and our economy. On the one hand, automated systems bring many efficiencies in the performance of specific tasks and the operation of markets. On the other hand, their disruptive forces create many challenges for policy makers who have to design an efficient and secure framework so that the benefits for humanity are maximised. This event will discuss this topic during two sessions. The first session will focus on the impact of industrial robots on EU employment and wages, and will feature the presentation of a new paper by Georgios Petropoulos. The paper looks at these issues using a local market approach similar to the one introduced by Acemoglu and Restrepo (2017) for US labour markets. The second session will discuss the consequences of artificial intelligence on the economy. A panel of experts will evaluate the economic impact of AI and discuss open challenges for the EU industry and econ