Wilkins dips her toes into the automation debate
- Tech innovations could give productivity a big boost by automating an expanding range of tasks
- Governments can use tools such as taxation and transfers to address income inequality issues that may arise
- Increase of income dispersion could alter channels through which monetary policy affects the economy
- Can't quantify innovation before it happens, the BOC makes no assumptions in forecasts on technology
- Risk of growing protectionism worries me
The speech kinda reads like a high school essay on automation but at least the BOC is paying attention.
