How effective is public investment in the EU? Using EIB infrastructure loans as instrument, we find that public investment generates large and persistent increases in output & employment with medium‑run multipliers above 3 and positive spillovers www.bde.es/wbe/en/publi... @mortezaghomi.bsky.social

The drivers of uncertainty matter as much as its level! In this project we introduce RAUI, a new generation of uncertainty indicators built with advanced AI. Our methodology identifies how different user‑specified topics contribute to overall uncertainty. RAUI for the last 5 yrs:

RAUI, a new uncertainty indicator based on AI techniques, captures how different topics contribute to overall uncertainty using an embedding model to select relevant articles an LLM to quantify the level of uncertainty www.bde.es/wbe/en/publi... @mortezaghomi.bsky.social @samuelhurtado.bsky.social