AI And The Euro-Area Economy

ECB Executive Board Member Philip Lane joins Steve Davis at Jackson Hole to discuss AI’s impact on Euro-area economies, why Europe lags the United States in this area, the role of regulations and VC financing, and the challenges of integrating AI technologies into workflows and production pipelines. 

Recorded on August 28, 2026.

ABOUT THE GUEST

Philip R. Lane is a member of the Executive Board of the European Central Bank, serving since June 2019. Previously, he was Governor of the Central Bank of Ireland, taking office in November 2015.  He was on the academic staff at Trinity College Dublin, where he remains affiliated as an honorary professor, and was assistant professor of economics and international affairs at Columbia University before returning to Dublin. Lane has also chaired the Advisory Scientific Committee and Advisory Technical Committee of the European Systemic Risk Board and was director of the International Macroeconomics and Finance Programme at the Centre for Economic Policy Research (CEPR).

RELATED SOURCES

  • “AI and the Euro Area Economy,” keynote speech by Philip R. Lane at the ECB-SAFE-RCEA International Conference, March 2026
  • “Firm Data on AI” with Ivan Yotzov and others, 16 March 2026. NBER Working Paper 34836, revised.
  • Philip Lane’s ECB website

Cast

Steven J. Davis

Steven J. Davis

Philip Lane

Philip Lane

Related

Videos

Public Choice And Politics Without Romance Featuring Mike Munger

Would you give the politician you trust least the same powers you want government to have?

September 28, 2026

Political Economy In Financial Regulation

Interest-paying electronic money, completely safe without deposit insurance, would be a great thing. For example, Silicon Valley Bank would never have had huge uninsured deposits that ran if there had been an easy safe place for large depositors to put their money.

September 22, 2026

Real Interest Rates And Fiscal Prudence 

Ken Rogoff says he was right about secular stagnation, real interest rates, and what it means for fiscal policy. 

September 25, 2026