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

C. Bastasin: The rationale behind the Italian-German rift

Acrimony among European states is getting harsher today than during the euro crisis a decade ago, jeopardizing the integ...

March, 31 2020

C. Bastasin, L. Bini Smaghi, M. Messori, S. Micossi, P. C. Padoan, F. Passacantando, G. Toniolo – ITALY’S RESPONSE TO THE HEALTH CRISIS: THINKING TODAY ABOUT THE COUNTRY’S FUTURE

An unprecedented crisis is unraveling before our eyes. The damage caused to people’s and business’ economic viabilit...

March, 27 2020

M. Messori – The current European debate on fiscal policy: Too much and too little

In the last two weeks the European Central Bank (ECB) decided to launch new LTRO and T-LTRO programs to ensure liquidity...

March, 23 2020

S. Micossi, F. Peirce: Overcoming the gridlock in EMU decision-making

The completion of EMU, and banking union as its critical component, requires that certain taboos in the policy debate ar...

March, 17 2020

I. Angeloni: ECB should turn to supervisory forbearance

The European Central Bank under Christine Lagarde, its new president, must decide at its governing council meeting on 12...

March, 15 2020

M. Messori – The economy in the time of the coronavirus: The different limits of the monetary and fiscal policies

The dramatic coronavirus pandemic will likely have heavy and prolonged recessive effects on the European and internation...

March, 15 2020

R. Perissich: A tale of four balls and one grenade

After the 2016 Brexit referendum, the UK and the EU have gone through more than 3 years of negotiations that were someti...

February, 28 2020

R. Tamborini: Beware of pitfalls in the Review of Policy Strategy of the European Central Bank

After taking office on November 1, 2019, the most important announcement from the new President of the European Central ...

January, 24 2020

C. Bastasin: Italy and Germany in Trump’s cross hairs

While the US and China trade rift is settling down, President Trump is setting his sights on Europe and, surprisingly, I...

January, 17 2020

Working Papers

F. Landini, A. Arrighetti, A. Lasagni – Economic Crisis and Firm Exit: Do Intangibles Matter?

The crisis in the Euro area has caused several business closures, especially in the EMU periphery. In this paper we use ...

November, 15 2015

G. Bruzzone, M. Cassella, S. Micossi: The EU Regulatory Framework for Bank Resolution

The financial crisis of 2008-09 and the ensuing sovereign debt and banking crises within the eurozone exposed the presen...

October, 31 2015

F. Balassone, M. Committeri – Europe and the IMF: nec sine te, nec tecum …

As the sovereign debt crisis burst in 2010, the European Union lacked both the instruments and the expertise to manage t...

June, 21 2015

P. Benigno, S. Nisticò: Non-Neutrality of Open-Market Operations

Unconventional open-market operations can have consequences for inflation and out- put because of income losses on centr...

June, 15 2015

S. Micossi: The Monetary policy of the European Central Bank (2002 t0 2015)

This paper examines the policies pursued by the European Central Bank (ECB) since the inception of the euro. The ECB was...

June, 10 2015

P. Esposito: Trade (dis)Integration and Imbalances in the EMU

The aim of this paper is to assess the role of competitiveness and financial integration on trade flows for countries be...

May, 30 2015

C. Gianetti: Debt Concentration of European Firms

This paper investigates the level of debt specialization across European firms relying on a cross-country comparable sam...

March, 31 2015

C. Fassio: Export-Led Innovation Among European Firms

This paper investigates the effect of exporting activities on the innovation strategies of European firms in France, Ger...

March, 14 2015

A. Boitani, R. Tamborini – Fiscal Policy Coordination: A Necessary Step for the Eurozone Recovery

The prolonged recession in the Eurozone is mainly due to austerity policies, which are based on faulty theoretical found...

February, 21 2015

Five Bullets

Europe: Facts & Docs

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


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