Views are sharply divided among scholars and policymakers regarding the impact of the AI revolution. Many fear the prospect of significant job displacement as automation replaces humans across industries, leading to increased economic inequality. Others highlight its substantial productivity benefits and the emergence of new employment opportunities. As Europe faces the urgent need to boost investment in innovation—particularly in AI—to close the gap with the US, accurately identifying risks and opportunities and understanding their implications for economic policy and governance is a high priority.
During the 2025 Annual EMU-Lab Lecture, Professor Philippe Aghion, a leading scholar in growth and innovation, will outline key questions and propose a framework to address them. In his discussion, Aghion will explain how the AI revolution holds significant potential for growth and employment but that institutions and policies must be reformed to fully harness these benefits.
The link for online attendance can be found here.
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The Economic and Monetary Union Laboratory (EMU Lab) is a collaborative initiative driven by the Tommaso Padoa-Schioppa Chair and the Pierre Werner Chair, aiming to reassess the Economic and Monetary Union's structure in light of current European and global economic conditions.