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
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
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
Working Papers
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
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
Monthly Briefs
Five Bullets
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Capital Markets Union: Commission proposes new rules to protect and empower retail investors in the EU – May 24, 2023
Read the press release...
May 24, 2023
Policy guidance under the European Semester: Sustaining reforms and investments to secure the EU’s long-term prosperity, competitiveness, fairness and resilience – May 24, 2023
Read the press release...
May 24, 2023
EU Customs Reform: A data-driven vision for a simpler, smarter and safer Customs Union – May 17, 2023
Read the press release...
May 18, 2023
Spring 2023 Economic Forecast: An improved outlook amid persistent challenges – May 15, 2023
Read the press release...
May 17, 2023
Interview with Luis de Guindos, Vice-President of the ECB – May 14, 2023
Read the interview...
May 17, 2023
Interview with Christine Lagarde, President of the ECB – May 10, 2023
Read the interview...
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
Newsletter
The center sends out monthly newsletters containing fellowship opportunities, application calls, updates, and news.