Bank of England: Interpretable AI for Smarter Economic Predictions (Explained)

AI Economics Research Podcast · Mar 28, 2026 · 8m

This episode breaks down a Bank of England research paper on using interpretable machine learning for economic forecasting. Discover how advanced AI models can outperform traditional methods by uncovering complex, time-varying relationships in data, specifically demonstrated through forecasting US unemployment. We explain how a new workflow makes these powerful predictions transparent and actionable for decision-makers. This episode explains a real academic paper in plain English for a general audience. Source paper: An interpretable machine learning workflow with an application to economic…