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
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
S. Micossi: Sovereign debt management in the euro area as a common action problem
This Policy Brief discusses the question of sovereign debt management in the euro area following the large increase in t...
October 14, 2020
S. Micossi: An international role for the euro?
One proposition that commands universal agreement is that the euro deserves a greater international role, justified by t...
October 2, 2020
C. De Vincenti: The Impact of Next Generation EU on the 2021-27 Multiannual Financial Framework
The adoption of the Next Generation EU (NG-EU) strategy is a significant breakthrough with respect to the confrontation ...
September 29, 2020
C. Bastasin: A permanent Recovery Fund requires a European Government
On July 21, 2020, the European Council agreed on the Next Generation – EU (NG-EU). The new exceptional temporary r...
September 25, 2020
M. Buti, M. Messori – Next Generation-EU: Italy must not miss this opportunity
As is widely recognized, the agreement reached at the 17-21 July 2020 European Council meeting can represent a milestone...
August 21, 2020
G. Toniolo – Next Generation EU: Una condizionalità virtuosa
Trovato, piuttosto rapidamente, l’accordo sulla Dimensione complessiva del fondo Next Generation EU (NGEU), confermand...
July 28, 2020
C. Bastasin, L. Bini Smaghi, C. De Vincenti, M. Messori, S. Micossi, P. C. Padoan, G. Toniolo: The main hurdles to overcome in order to save Italy
The pandemic struck an Italy weakened by a quarter of a century of economic and social decline and trapped in a vicious ...
July 23, 2020
M. Buti, M. Messori: Next Generation EU: An interpretative guide
The proposal, which the European Commission made public on May 27, 2020, strengthens and articulates the framework launc...
June 15, 2020
Working Papers
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
P. Canofari, A. Marcelletti, M. Messori: REDENOMINATION RISK AND BANK RUNS IN A MONETARY UNION WITH AND WITHOUT DEPOSIT INSURANCE SCHEMES
This paper develops a basic framework characterized by a monetary union in which a shock to the policy interest rate, to...
June 1, 2019
R. Rinaldi: Cash
The world of retail payments is changing rapidly. We observe app-based mobile payments, contactless and proximity transa...
May 24, 2019
L. Codogno, P. van den Noord: The rationale for a safe asset and fiscal capacity for the Eurozone
The only way to share common liabilities in the Eurozone is to achieve full fiscal and political union, i.e. unity of li...
May 10, 2019
E. Avgouleas, C. Goodhart: BANK RESOLUTION 10 YEARS FROM THE GLOBAL FINANCIAL CRISIS: A SYSTEMATIC REAPPRAISAL
Since 2010 most Group of Twenty (G20) jurisdictions have introduced new recovery and resolution regimes to deal with ban...
May 1, 2019
S. De Nardis: Dissecting Italian manufacturing: sector, dimension and resource allocation in the last ten years
After a prolonged and disappointing period, manufacturing productivity has relatively improved in Italy. It is a decade ...
April 20, 2019
V. Ceriani, G. Ricotti: The international coordination of corporate taxation: old solutions for new challenges?
The ways in which multinational companies operate in the current economic context questions the adequacy of internationa...
March 15, 2019
Monthly Briefs
Five Bullets
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Interview with Luis de Guindos, Vice-President of the ECB – May 14, 2023
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May 17, 2023
Interview with Christine Lagarde, President of the ECB – May 10, 2023
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May 10, 2023
ECB: Monetary policy decisions – May 4, 2023
Read the press release...
May 8, 2023
Confidence of consumers and firms has visibly improved – Interview with ECB chief economist Philip R. Lane – April 25
Read the interview...
April 26, 2023
Banking Union: Commission proposes reform of bank crisis management and deposit insurance framework – April 18, 2023
Read the press release...
April 26, 2023
Statement by Christine Lagarde, President of the ECB, at the forty-seventh meeting of the International Monetary and Financial Committee – April 14, 2023
Read the statement...
April 17, 2023
Ensuring price stability- Interview with Philip R. Lane, Member of the Executive Board of the ECB – April 6, 2023
Read the transcript...
April 12, 2023
Conclusions from the 23 March 2023 European Council
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March 27, 2023
The path ahead – Speech by Christine Lagarde, President of the ECB, at “The ECB and Its Watchers XXIII” conference – March 22, 2023
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March 22, 2023
Newsletter
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