arXiv AI

GAGI: A Gini-Adjusted GDP-per-Capita Index for Distribution-Aware Macroeconomic Welfare Monitoring

arXiv:2606. 09944v1 Announce Type: cross Abstract: GDP per capita is the default lens through which governibng bodies track the economic prosperity and consequences of economic events , yet it is blind to two first-order determinants of lived prosperity: income/wealth distribution and inflation impact.

arXiv AI
Sep 1

Can LLMs Take the Pulse of the Economy? A Real-Time Evaluation of LLM Nowcasts on Macroeconomic Indicators

The paper introduces LiveMacroEval, a live benchmark that tests large language model (LLM) agents’ ability to produce hourly nowcasts for sixteen major U.S. macroeconomic indicators before their official release. It evaluates LLM performance against institutional nowcasts, Bloomberg ECOS consensus, and an auto-ARIMA baseline using a LiveMacro Score linked to announcement-window equity returns and a LiveBetting Score from simulated Polymarket-style trading. Over six months, state-of-the-art LLMs with web search achieved overall accuracy comparable to professional benchmarks, though performance varied across indicators.

By Xinyue Zhao, Ruiyi Zhang, Liqin Ye, Rui Cao, Pengtao Xie, Sudheer Chava
arXiv Machine Learning
Jun 16

Drivers, Receivers, and Dynamic Linkages: The Directed Structure of SDG Interdependence, 2000--2024

arXiv:2601. 20875v2 Announce Type: replace-cross Abstract: Governments with limited fiscal and administrative capacity need to know which Sustainable Development Goals (SDGs) propagate progress through the goal system and how quickly.

By Md Muhtasim Munif Fahim, Md Jahid Hasan Imran, Md. Naim Molla, Luknath Debnath, Tonmoy Shil, Ehsanul Bashar Pranto, Md Mostafizur Rahman Likhon, Md Shafin Sanyan Saad, Md. Rezaul Karim
arXiv AI
Aug 5

A New Theory of Value for Post-AGI Economics

arXiv:2608. 01432v2 Announce Type: replace Abstract: Artificial general intelligence (AGI) may weaken scarcities in labour, expertise, information, and productive capability that underpin established theories of economic value.

By Keyun Ruan
arXiv AI
Jul 22

Global Automation Atlas

arXiv:2605. 17086v2 Announce Type: replace-cross Abstract: Automation can displace or complement labour, but this need not be constant across economies.

By Prashant Garg, Tommaso Crosta, Jasmin Baier
arXiv AI
Aug 26

Quantifying System-Level Harms from AI Adoption in Complex Sociotechnical Systems

The paper proposes a framework that connects structured hazard analysis, component-level testing, and probabilistic system modelling to assess system-level harms from AI in complex sociotechnical systems. It demonstrates the approach using the UK's Real Time Gross Settlement system, showing how adversarial inputs to LLM-based trading can shift AI behaviour, reduce system resilience, and increase the likelihood of cascading bank failures. The framework aims to provide a traceable pathway from model behaviour to systemic outcomes, enabling evidence-based governance of AI in critical infrastructure.

By Paul Vautravers, Oliver Chalkley, Gabriel Downer, Kate S, Damian Ruck