Author

Christos A. Makridis

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Review Open access 2026

AI Utilization and Economic Performance

Do state-industry cells that report more intensive artificial intelligence (AI) use in 2025–2026 also exhibit stronger economic performance over 2016–2024? We combine a state-by-industry measure of worker-reported frequent AI use from the Gallup Workforce Panel with an industry-level measure of employer-reported AI use...

Christos A. Makridis, Tina Highfill, Jon D. Samuels · U.S. Bureau of Economic Anal... · 0 citations

Case report Open access Aug 2026

Capable but Not Deployable: Institutional Constraints on AI Exposure in Finance

It is found that the pricing content resides in the institutional layer: firms in the top half of the markdown distribution underperform the bottom half by roughly 25 percentage points in market-adjusted cumulative abnormal returns over the three years after ChatGPT, while sorting on technical exposure alone produces n...

Claes Backman, Christos A. Makridis · CESifo working papers · 0 citations