Technological progress will raise economic growth, although the channels through which it contributed to rising inequality in the past are still forces to be reckoned with. 1/7  BIS central bankers' speeches  2. It doesn’t have to be this way—if we apply fresh thinking in some key areas, we can make policy choices that manage the side effects of innovation, without stifling it.
3. Policy-makers themselves need to dig into the technology—the better we understand it and the underlying business incentives, the better policy choices we will make. The past provides insight for the future Technology has transformed our daily lives at an astonishing pace. Google is not yet 20 years old.