The 2024 Economic Report of the President

Description

Today, the Council of Economic Advisers under the leadership of Chair Jared Bernstein released the 2024 Economic Report of the President, the 78^th report since the establishment of CEA in 1946. The 2024 Report brings economic evidence and data to bear on many of today’s most significant issues and questions in domestic and international economic policy:

 

Chapter 7, An Economic Framework for Understanding Artificial Intelligence, uses an economic framework to explore when, how, and why AI may be adopted, adapting standard economic models to explore AI’s potential effects on labor markets, while examining policy decisions that will affect social and macroeconomic outcomes.