Luca Schmitz
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Policy

POLICY WORK

Policy analysis

Macroeconomic analysis for questions that do not have a single certain answer.

European Parliament study: AI and Monetary Policy, Luca Schmitz and Volker Wieland, September 2026

FEATURED REPORT

How should policy strategy respond to AI?

AI and Monetary Policy – How to adjust policy strategy for uncertainty and risks due to AI

With Volker Wieland. Prepared at the request of the European Parliament.

The report examines the implications of AI for monetary policy and includes scenario analysis of AI diffusion and investment in the euro area.

Download report

QUESTIONS BEHIND THE ANALYSIS

01

How quickly could productivity gains materialise?

The timing of AI diffusion matters for the economic outlook.

02

What happens when investment and productivity take different paths?

Scenario analysis helps compare alternative developments.

03

What does this mean for monetary policy?

Policy decisions need to account for uncertainty about the underlying changes.

POLICY EXPERIENCE

European Parliament

Monetary Policy Expert Panel · 2026–2028

Appointed member providing monetary-policy expertise to the Committee on Economic and Monetary Affairs (ECON), through the Economic Governance and EMU Scrutiny Unit (EGOV).

Deutsche Bundesbank

Bank supervisory stress tests · 2023

Work on model-averaging frameworks for supervisory applications, with internal reviews and documentation of stress-test model components.

Luca Schmitz · Goethe University Frankfurt

 
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