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

C. Bastasin – Recovery Instrument: An epochal change in political economy

The Recovery Instrument (RI) represents a change in the philosophy of political economy because it breaks the link betwe...

June 15, 2020

M. Messori – The “Next Generation-EU” breakthrough: Opportunities and risks for Italy

A recently published Policy Brief (see Buti and Messori 2020) examines the quantitative and qualitative aspects that cha...

June 15, 2020

R. Perissich – The EU budget: a Hamilton moment?

On May 27, 2020, while outlining its new proposals for the next Multiannual Financial Framework (MFF) that will determin...

June 1, 2020

M. Messori: The groundbreaking novelties of the Franco-German proposal and the misuse of the abacus

The Franco-German initiative, agreed between French President Emmanuel Macron and German Chancellor Angela Merkel on May...

May 22, 2020

M. Messori: Are Italian banks part of the crisis or its solution this time?

The shock due to the coronavirus pandemic is likely to cause serious difficulties for the Italian banking sector, which ...

May 18, 2020

L. Bini Smaghi: The Judgment of the German Constitutional Court in incomprehensible

On 5 May 2020 the German Constitutional Court (GCC) ruled that the decision taken by the European Court of Justice (ECJ)...

May 15, 2020

M. Messori: FINANCIAL INSTABILITY AND EVOLUTION IN THE EUROPEAN MONETARY UNION

From mid-2007 to mid-2013 the European Economic and Monetary Union (EMU) was characterized by financial and ‘real’ c...

December 1, 2018

P. Canofari, G. Di Bartolomeo, M. Messori: Sovereign Debt Crisis, Fiscal Consolidation and Quantitative Easing in a Monetary Union

In a stylized model of the EMU, where centralized and national policy authorities strategically interact, we show that q...

November 10, 2018

M. Committeri, P. Tommasino: Managing sovereign debt restructurings in the euro zone

European economic governance is again under the spotlight. Several reform proposals have been put forward in recent year...

June 20, 2018

L.Bini Smaghi, M. Marcussen – Strengthening the euro area ArchitectureL: A proposal for Purple bonds

The euro area is currently facing a dilemma. While it is widely recognized that its architecture needs to be strengthene...

May 20, 2018

P. Canofari, A. Piergallini, G.Piersanti: The Fallacy of Fiscal Discipline

Fiscal discipline is commonly evaluated on the basis of the debt-GDP ratio, which exhibits a stock variable measured rel...

March 20, 2018

M. Buti – THE NEW GLOBAL ECONOMIC GOVERNANCE: CAN EUROPE HELP WIN THE PEACE?

Global economic governance has evolved dramatically in recent years. Emerging and developing countries have risen in imp...

January 21, 2018

S. Berardia, A. Marcelletti – Family Business: Control and concentration in euro-area companies

Corporate governance architecture is central to the dynamics by which successful firms and economies improve their perfo...

December 15, 2017

M. Fragetta, M. Tamoborini: It’s not austerity. Or is it?

While the debate over the relationship between austerity and growth in Europe has been lively and intense, systematic an...

October 21, 2017

G. Brunello, E. Lodigiani, L. Rocco: Does Low Skilled Immigration Cause Human Capital Polarization?

While there is a vast literature considering the labor market effects of immigration, less has been done to investigate ...

September 21, 2017