European Central Bank
ECBPaper
Euro area firms accelerate AI adoption and investment
New survey data reveals that 38 percent of euro area firms are at an advanced stage of AI adoption, with significant investment plans extending to 2026.
Focus
ECBPaper
RRF boosts institutional quality in Italy, mixed evidence for other EU states
An ECB working paper finds that the EU's Recovery and Resilience Facility (RRF) has led to robust improvements in institutional quality in Italy.
ECBPaper
Model-based assessment reveals global risks from rare earth export controls
An ECB Occasional Paper assesses the global macroeconomic consequences of rare earth supply disruptions.
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ECBDecoder
Tracking inflation expectations during surge and return to target
The European Central Bank presents a new statistical model that transforms infrequent survey data into a dense, monthly grid of inflation expectations.
ECBPaper
Severe weather shocks amplify US financial instability, impact investment
An ECB working paper quantifies the effect of severe weather shocks on the US economy, finding impacts are sizable only in periods of financial instability.
ECBPaper
Euro area digital investment shows robust growth, lags US
Euro area business investment in digital assets has shown robust growth over the past decade, significantly outpacing tangible asset expansion.
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ECBPaper
Eurosystem unveils comprehensive payments strategy for digital era
The Eurosystem has unveiled a comprehensive payments strategy to foster an innovative and competitive European market.
ECBNews
Eurosystem updates retail payments strategy, focusing on digital euro and resilience
The Eurosystem has updated its retail payments strategy, emphasizing pan-European solutions, the digital euro, and increased resilience.
ECBPaper
Trade policy uncertainty slows euro area growth and investment
Trade policy uncertainty has significantly increased, reaching historical highs and weighing on euro area activity throughout 2025.
ECBPaper
Integrated supervision crucial for Europe's capital market integration
A new ECB paper highlights the fragmented supervisory architecture for EU capital markets, which is increasingly misaligned with cross-border market realities.
ECBPaper
ECB paper urges integrated oversight for EU capital markets
A new European Central Bank paper argues for integrated EU capital markets supervision, citing a highly fragmented architecture misaligned with cross-border market realities.
ECBPaper
US tariffs primarily burden domestic firms and consumers
A recent European Central Bank analysis indicates that the costs of higher US tariffs are predominantly borne by US firms and consumers.