Monetary-Tech Revolution: NBG Pioneers AI & Reinforcement Learning for Optimal, Nonlinear Monetary Policy

Discover the National Bank of Georgia's (NBG) cutting-edge research on applying Artificial Intelligence (AI), particularly Reinforcement Learning (RL), to redefine monetary policy-making. This working paper unveils a novel approach to derive optimal, nonlinear policy rules, demonstrating their superior robustness over traditional linear models and effectiveness in stabilizing inflation