CLEVELAND, Ohio, Sept. 11 (TNSLrpt) -- The Federal Reserve Bank of Cleveland issued the following white paper (No. 26-22) on Sept. 4, 2026, by Andre Victor D. Luduvice and Roberto B. Pinheiro entitled "AI-Augmented Capital-Skill Complementarity."

Here are excerpts:

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We model artificial intelligence (AI) as a distinct capital input in a nested CES aggregate production function that extends work done by Krusell et al. (2000) and embed it in a d . . .

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