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Venue

Deutsche Bundesbank, Regional Office in Hesse
Kuppelsaal, third floor
Taunusanlage 5, 60329 Frankfurt/Main, Germany

Format

hybrid, Frankfurt am Main

Date

Tuesday, December 9, 2025

In cooperation with

Artificial intelligence is at the centre of attention in politics and among the general public. Its transformative potential is altering companies, markets, and the functioning of our economy. At the same time, the associated risks should not be underestimated. Amidst these changes, it is central banks which face the challenge of performing their central role as guardians of price stability even in times of technological and regulatory change. Rapid progress in the field of artificial intelligence is opening up entirely new possibilities for economic analysis and a new depth of economic insight.  Against this backdrop, the Deutsche Bundesbank and SUERF are pleased to co-host a conference on “Artificial Intelligence and the Future of Central Banking” in Frankfurt am Main, Germany on 9th December 2025. Bringing together experts from academia, central banks, and international organisations, the event will feature:

This conference will provide a unique platform to explore AI’s transformative impact on central banking and foster dialogue on its opportunities and challenges.

Program

Time
Tuesday, 9 December 2025
09:00
Welcome address
Joachim Nagel, President · Deutsche Bundesbank
09:15
Keynote lecture
Alvaro Ortiz, Head of Big Data & AI Economic Analysis · BBVA Research
10:00
Session 1: Forecasting and structural analysis with ML
Moderator: Natascha Hinterlang, Deutsche Bundesbank

Forecasting public debt in the euro area using machine learning: decision tools for financial markets

Amélie Barbier-Gauchard and Emmanouil Sofianos, University of Strasbourg

Dual interpretation of machine learning forecasts

Karin Klieber, European Central Bank (ECB)

Co-author(s): Philippe Goulet Coulombe, Maximilian Goebel

Scenario analysis with multivariate Bayesian machine learning models

Anna Stelzer, Oesterreichische Nationalbank

Co-author(s): Michael Pfarrhofer

11:15
Coffee break
11:45
Session 2: Going beyond numbers - exploiting nontraditional data
Moderator: Dimitrios Kanelis, Deutsche Bundesbank

Warning words in a warming world: central bank communication and climate change

Davide Romelli, Trinity College Dublin

Co-author(s): Emanuele Campiglio, Jerome Deyris, Ginevra Scalisi

Disagreement about fiscal policy

Peter Tillmann, University Giessen

Co-author(s): Peter Winker, Albina Latifi, Viktoriia Naboka-Krell

Slow tone: detecting white lie disclosures using response latency

Doron Reichmann, Goethe-Universität Frankfurt

Co-author(s): John C. Heater

13:00
Lunch
14:00
Session 3: AI as a driver of macroeconomic dynamics
Moderator: Elisabeth Falck, Deutsche Bundesbank

The labor market effects of generative artificial intelligence

Jonathan Hartley, Stanford University

Co-author(s): Filip Jolevski, Vitor Melo, Brendan Moore

The macroeconomic effects of AI innovation

Andrea Giovanni Gazzani, Bank of Italy

Co-author(s): Filippo Natoli

Concepts and challenges of measuring production of artificial intelligence in the U.S. economy

Tina Highfill, U.S. Bureau of Economic Analysis

Co-author(s): David Wasshausen, Gregory Prunchak

15:15
Coffee break
15:45
Policy panel: Implications of AI for Central Banking
Moderator: Jens Ulbrich, Deutsche Bundesbank & SUERF
Leonardo Gambacorta, Bank for International Settlements (BIS)
Philipp Hartmann, European Central Bank (ECB)
Fritzi Köhler-Geib, Deutsche Bundesbank
Katja Langenbucher, Goethe University Frankfurt
Maximilien Kintz, Fraunhofer IAO
Filiz Unsal, OECD
17:00
End of conference
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