Publications

Our publications aim to provide in-depth information on issues that are at the forefront of the European agenda, including commentary, research, and policy recommendations.

The center produces policy briefs, working papers, five bullets and a monthly newsletter. All publications are available online.

Policy Briefs

C. De Vincenti – The “do no significant harm” principle: Two possible interpretations

With the European Commission’s recent draft document that includes, albeit under restrictive conditions, gas and ...

February 2, 2022

S. Micossi – Reform of the Stability Pact: First principles

 A crowded seminar held by the Astrid Foundation has launched in Italy the discussion on the future of the European...

January 27, 2022

M. Buti, G. Papaconstantinou – European Public Goods: How can we supply more?

The discussion on the supply and finance of public goods at European level is part and parcel of the broader discussion ...

January 26, 2022

D. Gros: A (E)U-turn from Nord Stream 2 towards a European Strategic Gas Reserve

The EU does not have an army. It thus cannot defend Ukraine from a Russian invasion, but it can at least put itself in a...

January 26, 2022

A. Boitani, R. Tamborini: Reforming the European fiscal governance. Beyond new rules

As of March 2020, at the outbreak of the Covid-19 pandemic, the fiscal rules of the European Economic and Monetary Union...

January 25, 2022

C. Bastasin: Why a pro-European President of the Italian Republic is vital for the country’s economy

The role of Italy’s President, differently from the premiership, does not wield executive powers. Nevertheless, its fu...

January 25, 2022

C. Bastasin, L. Bini Smaghi, V. Meliciani, M. Messori, S. Micossi, P. C. Padoan, G. Toniolo – Legge di Bilancio: troppa spesa corrente se l’inflazione spinge i tassi d’interesse

Questo policy brief analizza criticamente lo stato attuale della politica di bilancio italiana e le prospettive di infla...

December 29, 2021

C. Bastasin – The lack of political integration in European governance: The case in the conflict between security in Europe and democracy in Poland

Strengthening political integration is tacitly coming of age in Europe after the pandemic crisis led the European Union ...

November 30, 2021

S. Micossi – On the selling of sovereigns held by the ESCB to the ESM: A revised proposal

This paper presents an in-depth review of the proposal by Micossi (2020) and Avgouleas and Micossi (2021) to transfer a ...

November 15, 2021

Working Papers

P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: Stagflation and fragmentation – the euro area at the crossroads

The euro area may be about to experience something new: fragmentations in its financial markets in a situation character...

June 8, 2022

A. Macchiati, R. Vitelli: Mercati del gas e transizione energetica

L’aumento dei prezzi del gas e, conseguentemente dell’energia elettrica, registrato inizialmente nell’ultimo trime...

April 4, 2022

J. Bonchi, S. Nisticò: Heterogeneity, Bubbles and Monetary Policy

Using a tractable New Keynesian model with heterogeneous agents, we analyze the interplay between heterogeneity and rati...

February 8, 2022

M. Amato, F. Saraceno: Squaring the circle – How to guarantee fiscal space and debt sustainability with a European Debt Agency

This paper contributes to the debate on European macroeconomic governance. What is at stake is creating fiscal space for...

January 19, 2022

P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: The Implementation and Rationale of the ECB’s New Inflation Target

In July 2021, the ECB’s target was revised, specifying that the 2% inflation rate threshold should be applied symm...

November 8, 2021

F. Bontadini, R. Evangelista, V. Meliciani, M. Savona – Asymmetries in global value chain integration, technology and employment structures in Europe: Country and sectoral evidence

This paper provides empirical evidence on the complex role played by technology in affecting the relationship between th...

November 8, 2021

P. Esposito, V. Larocca, M. Messori, M. Mischitelli – Bank-based or Market-based financial sources: Which is better for the EU?

This paper examines the relationships between the financial structure and the economicperformance of non-financial corpo...

November 8, 2021

P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: Financial Dominance in the Pandemic and Post-Pandemic European Economy

Differently from past episodes, the European institutions responded to the pandemic shock with an appropriate policy mix...

October 4, 2021

P. Nicolaides – The Dispute-Settlement Provisions of the EU-UK Trade and Cooperation Agreement: Are they Adequate for the Task?

The Trade and Cooperation Agreement between the European Union and the United Kingdom has established new institutions a...

September 23, 2021

Monthly Briefs

Five Bullets

Europe: Facts & Docs

This section contains policy documents, meeting summaries and news that come directly from the EU institutions.

Winter 2024 Economic Forecast: A delayed rebound in growth amid faster easing of inflation – February 15, 2024

Read the press release...

February 19, 2024

Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – February 15, 2024

Read the transcript...

February 15, 2024

First time ever revision of the EU long-term budget will help address the EU’s main challenges – February 1, 2024

Read the press release...

February 5, 2024

ECB Press Conference – January 25, 2024

Get all the info...

January 25, 2024

Speech by President von der Leyen at the European Parliament Plenary on the conclusions of the European Council meeting of 14-15 December 2023 and preparation of the Special European Council meeting of 1 February 2024 – January 17, 2024

Read the transcript...

January 23, 2024

ECB Press Conference – December 14, 2023

Watch the press conference and get all the info...

December 14, 2023

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – Speech by Christine Lagarde, President of the ECB – November 27, 2023

Read the transcript...

November 28, 2023

Commission sets out key priorities in the European Semester for the year ahead to strengthen EU competitiveness – November 21, 2023

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November 27, 2023

Monetary policy in the euro area: attentive and focused – Speech by Christine Lagarde, President of the ECB – November 21, 2023

Read the transcript...

November 22, 2023