Artificial intelligence dominates today’s economic dialogue, but has it truly transformed our economy already? While the zeitgeist says yes, the actual data tells a far more nuanced story. Join us as we cut through the hype to separate real-world macroeconomic impacts of AI from those driven by corporate fantasies and individual anxieties.
In this session, we will examine the current state of the U.S. macrofinancial system and labor market, and we will discuss what they portend for the future of the economy:
■ Is Big Tech’s spending spree echoing the dot-com bubble, or are we looking at an entirely new kind of market vulnerability?
■ Are corporate profit margins genuinely benefiting from AI, and do they indicate a coming surge in aggregate productivity?
■ Is AI actually freezing entry-level hiring, or are executives using AI as a shareholder-friendly cover for standard economic belt-tightening?
This event will be hosted on Microsoft Teams.
Clement Bohr is a macroeconomist whose research encompasses monetary economics, business cycles, and the structural and technological changes that are associated with economic growth. He is particularly interested in how economies evolve over time and how this evolution alters the nature of business cycles. His recent work demonstrates how the expansion of firms’ capacity buffers in production has contributed to the observed flattening of the Phillips curve over the past half-century. This research led to his selection as a Young Economist Prize Finalist at the European Central Bank’s annual forum on central banking, where he had the opportunity to share his work with the heads of central banks from around the world.
At the UCLA Anderson Forecast, Bohr directs the U.S. national economic outlook. He's frequently interviewed and cited by prominent media outlets including CNBC, Forbes, and the LA Times. As a faculty member in the Global Economics and Management area, Bohr will teach the MBA course Global Economics and Business Cycles starting in 2026. During his doctoral studies at Northwestern University, Bohr received multiple distinguished teaching awards for his instruction in macroeconomics, international finance, and money and banking. Additionally, he contributed to Karlan and Morduch’s textbook, Economics, by revising and extending its monetary economics section
While originally from Denmark, Bohr earned his undergraduate degrees in Physics and Economics in the Echols Scholar honors program at the University of Virginia in 2017. He completed his PhD in Economics at Northwestern University in spring of 2024, after which he joined the UCLA Anderson School of Management. He visited Columbia Business School for the 2024-2025 academic year as a postdoctoral researcher of Joseph Stiglitz.
UCLA Anderson Forecast is a third party unrelated to Cathay Bank and Cathay General Bancorp (“Cathay”). The content, accuracy, and forecast expressed by a third party unrelated to Cathay is not investigated, verified, monitored, or endorsed by Cathay. Cathay hereby disclaims any liability for any information or materials provided by a third party unrelated to Cathay. By hosting the event, Cathay does not endorse or recommend or approve any information provided by a third party unrelated to Cathay.
