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.

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

Policy Briefs

E. Avgouleas, S. Micossi – On selling sovereigns held by the ECB to the ESM: Institutional and economic policy implications

This paper follows up on a CEPS Policy Insight of October 2020, in which Stefano Micossi argued that the increase in sov...

March 22, 2021

P. Nicolaides: Unprecedented State Intervention

EU Member States have granted very large amounts of state aid to counteract the impact of the covid- 19 pandemic and the...

March 3, 2021

R. Perissich: Why the EU needs a common foreign policy (and what it would take to have one)

As a result of an ill-advised military intervention by some European countries, Libya has been in a state of bloody civi...

February 28, 2021

V. Termini – Europe on the move: First steps towards a multilateral global scenario

Europe is on the move on three fronts which, in combination, are leading towards a truly extraordinary scenario. At the ...

February 24, 2021

M. Messori – The Italian recovery and resilience plan: How to take advantage of an extraordinary opportunity

In the post-pandemic period, the success of “Next generation – EU” (NG-EU) is crucial for initiating a...

January 4, 2021

C. Bastasin, L. Bini Smaghi, M. Bordignon, S. De Nardis, C. De Vincenti, V. Meliciani, M. Messori, S. Micossi, P. C. Padoan, G. Toniolo – A vision for Italy to seize a great opportunity: the choices the government must make to benefit from Next Generation-EU

The European funds of Next Generation-EU represent an unmissable opportunity to revive Italy, but also a great responsib...

December 6, 2020

C. Bastasin: Italy’s Recovery Plans require the mobilization of private savings

A more dynamic banking system and private equity actors are indispensable to prevent the high private debt from disrupti...

November 30, 2020

R. Perissich: Macron’s world view

Emmanuel Macron is a highly intelligent man and a profound, articulate thinker. He is also the President of France. Outs...

November 27, 2020

M. Buti, M. Messori – Implementing the Recovery and Resilience Plans: The Case of Italy

The exceptionality of the pandemic, its exogenous nature that has reduced the importance of the ‘moral hazard̵...

November 16, 2020

Working Papers

G. Galli: The reform of the ESM and why it is so controversial in Italy

Key Points The draft reform of the European Stability Mechanism (henceforth ESM) was not approved as scheduled at the Eu...

April 8, 2020

G. Bonaccolto, N. Borri, A. Consiglio: Breakup and Default Risks in the Eurozone

Since the burst of the sovereign debt crisis, investors perceive the concrete possibility of a breakup of the Eurozone. ...

March 11, 2020

P. Reichlin – the GIIPS Countries in the Great Recession: Was it a Failure of the Monetary Union

Drawing from the debate between the “German” and the “Keynesian” views about the reason for the Euro Area slow r...

February 28, 2020

P. C. Padoan – Growth in Europe: Notes for a policy agenda

This paper discusses topics related to the growth mechanism in Europe, and specifically in the eurozone. It looks at the...

December 1, 2019

M. Messori: The flexibility game is not worth the new ESM

The reform of the Treaty Establishing the European Stability Mechanism (ESM) broadens the functions of this mechanism so...

October 25, 2019

P. Canofari, G. Di Bartolomeo, M. Messori: Sovereign debt crisis, fiscal consolidation, and active central bankers in a monetary union

In this paper we examine global financial instability and its impact on the sovereign debts of peripheral countries in a...

October 2, 2019

M. Messori: The inevitable evolution of European financial markets

In the decades preceding the 2007-2009 international financial crisis and the related ‘doom loop’ between the Europe...

September 20, 2019

C. Battiati, C. Jona-Lasinio, S. Sopranzetti: Productivity growth and global value chain participation in the digital age

This paper provides a comprehensive overview of the current productivity trends and their potential drivers in the Euro ...

September 2, 2019

C. Bastasin, M. Mischitelli, G. Toniolo: Living with high public debt, Italy 1861-2018

Since 1861, Italy’s public debt has been both high and sustainable. The paper reviews the history of the Italian debt,...

June 17, 2019

Monthly Briefs

Five Bullets

Newsletter

LEAP sends out monthly newsletters containing fellowship opportunities, application calls, updates, and news.

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