January 13, 2025
Samuel Turcotte
TABE and CABE are pleased to announce our next webinar in the series: New Tools of the Economists’ Trade.
The potential of artificial intelligence (AI) as a tool for economic analysis has been a subject of intense discussion with the democratization of AI caused by the arrival of ChatGPT. Notably, recent research by the Federal Reserve (FED) has demonstrated that large language models (LLMs) can produce inflation forecasts that surpass the accuracy of the renowned Survey of Professional Forecasters.
Samuel Turcotte, a recent graduate of the Master’s program in Applied Economics at HEC Montréal, has conducted research that adapts the FED’s study to current cutting-edge LLMs from Google and Microsoft, while extending the analysis to the Canadian context. Join us to explore the findings of this research, which examines the significant potential applications of these technologies in economic research, as well as their complex limitations.
Randall Bartlett, former TABE Board Member has organized and will moderate this session.
Samuel Turcotte
Holding a master’s degree in Applied Economics from HEC Montréal, Samuel Turcotte is passionate about macroeconomics. His research project, supervised by Desjardins Economic Studies, explores the potential of conversational AI models for inflation forecasting.
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