I am reading article http://public.gettysburg.edu/~tlin/research/robots-main.pdf "A New Keynesian Model with Robots: Implications for Business Cycles and Monetary Policy" and I wonder how actual this article is, actually, in my opinion, this article will bring Nobel prize to its authors.
My question: is there research on macroeconomic models about labour-replacing capital, i.e. about robotics and artificial intelligence as the new factor? Google search gives no relevant results and as far as I can find, the mentioned article is really pioneering in this field. Or maybe there is ongoing research on these themes but it uses different terms and keywords?
Of course, capital is usually included in all the major macroeconomic models, but the key issue is that today the certain forms of capital can almost fully replace (e.g. see https://www.hlai-conf.org/ or http://people.idsia.ch/~juergen/) labour and it brings with itself new issues, including the necessity to model new types of taxes and also the universal basic income. Maybe such labour-replacing capital has already been modeled in traditional (e.g. DSGE) models?