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- 14 August 2026
- THE ECB BLOGWidening global imbalances draw attention to policies shaping international trade. Using firm-level data, the ECB blog compares government support in China, the United States and the euro area. We find that subsidies drive Chinese exports in strategically important sectors.Details
- JEL Code
- F10 : International Economics→Trade→General
H20 : Public Economics→Taxation, Subsidies, and Revenue→General
F30 : International Economics→International Finance→General
- 22 June 2026
- ECONOMIC BULLETIN - BOXEconomic Bulletin Issue 4, 2026Details
- Abstract
- The adoption of AI is reshaping the US labour market, with its impact on employment growth varying across occupations. AI has led to a job reallocation, particularly disadvantaging occupations with a high risk of AI substitution compared to those with low substitution risk. An econometric analysis confirms that AI has widened the gap in employment growth between employment in high-risk occupations and low-risk occupations between 2019 and 2025. However, this divergence in employment growth has not translated into wage disparities.
- JEL Code
- E24 : Macroeconomics and Monetary Economics→Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy→Employment, Unemployment, Wages, Intergenerational Income Distribution, Aggregate Human Capital
J24 : Labor and Demographic Economics→Demand and Supply of Labor→Human Capital, Skills, Occupational Choice, Labor Productivity
O33 : Economic Development, Technological Change, and Growth→Technological Change, Research and Development, Intellectual Property Rights→Technological Change: Choices and Consequences, Diffusion Processes