Pierre-Daniel Sarte and Thomas Lubik discuss their research on the components of productivity growth, how that growth has varied over time and across industries, and how much it will benefit from the use of artificial intelligence. Sarte and Lubik are senior advisors in the Research Department at the Federal Reserve Bank of Richmond.
Full transcript and related links: https://www.richmondfed.org/podcasts/speaking_of_the_economy/2025/speaking_2025_04_09_productivity_growth