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AI and task efficiency

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  • Jovanovic, Boyan
  • Rousseau, Peter L.

Abstract

We model several ways in which AI may improve decisions, raise the productivity of firms, and raise human capital growth. Each focuses on activities that involve problem solving, with solutions being guided by signals. If AI raises the accuracy of the signals, humans will then make better decisions — individually and in groups.

Suggested Citation

  • Jovanovic, Boyan & Rousseau, Peter L., 2026. "AI and task efficiency," Journal of Monetary Economics, Elsevier, vol. 157(C).
    • Handle: RePEc:eee:moneco:v:157:y:2026:i:c:s0304393225001485
    DOI: 10.1016/j.jmoneco.2025.103877
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    References listed on IDEAS

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    1. Lukas B. Freund & Lukas F. Mann, 2025. "Job Transformation, Specialization, and the Labor Market Effects of AI," Opportunity and Inclusive Growth Institute Working Papers 114, Federal Reserve Bank of Minneapolis.
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    Keywords

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    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes

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