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Introducing the CFO Survey
For almost 25 years, the Duke CFO Global Business Outlook has provided policymakers, academics, and the public with an understanding of how financial executives view the economy and prospects for their business. Today, three partners—Duke University's Fuqua School of Business, the Federal Reserve Bank of Richmond, and the Federal Reserve Bank of Atlanta—announce an enhanced iteration of this survey, now called the CFO Survey. Starting with the second-quarter data release on July 8, 2020, the CFO Survey will offer the same crucial information about the economic outlook and, through some ...
Working Paper
Artificial Intelligence, Productivity, and the Workforce: Evidence from Corporate Executives
We use novel data from a survey of nearly 750 corporate executives to study the effects of artificial intelligence (AI) on productivity and the workforce. We document substantial heterogeneity in AI adoption across firms, with more than half having already invested, though many smaller firms are only beginning to do so. Labor productivity gains are positive, vary across sectors, and are expected to strengthen in 2026, with the largest effects concentrated in high-skill services and finance. These gains are not primarily driven by firms' capital deepening but instead reflect increases in ...