Bank Run, Interrupted: Modeling Deposit Withdrawals with Generative AI

The author thanks the editor (Kay Giesecke), an anonymous associate editor, and two anonymous reviewers for very helpful comments. The author is grateful to the Stanford Digital Economy Lab for funding and support. The author also thanks Erik Brynjolfsson, Michael Bauer, Thomas Cook (discussant), Filippo Curti, Jeff Gerlach, Anne L. Hansen, Ayelet Israeli, Caio Augusto Raduy Koslyk (discussant), Fabrizio Marodin, and David Weiss for valuable feedback. The author thanks the seminar participants at the Bank of Canada; IBEFA 2024 Summer Meeting; FRB San Francisco Research Seminar; Microsoft Research AI, Cognition, and the Economy (AICE) 2024 workshop; Federal Reserve Board AI Talks; ECONDAT 2024 conference; Stanford Digital Economy Lab; CSU Fullerton 59th Annual Edwards Bayesian Research conference; and FRB Richmond for their useful comments and suggestions. The author thanks Nicole Lindsay for excellent research assistance. All remaining errors are the author’s own.