Artificial intelligence promises major efficiency gains but may also reinforce industrial concentration, labor market polarization, and stock market overvaluation. The current AI-driven market boom raises questions about the growing disconnect between technological expectations and real-economy fundamentals.
Este trabajo examina el impacto de la inteligencia artificial sobre la productividad, el empleo y los mercados financieros.
With inflation near target and growth subdued, the ECB has paused after eight rate cuts. The balance between disinflation, wage pressure, and fiscal risk will determine whether stability or tightening comes next.
Este trabajo analiza la transición del Banco Central Europeo desde el ciclo de endurecimiento hasta la actual «pausa prudente».