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
R. Perissich: Logic, facts and common sense in the time of Covid-19
European countries have faced the Covid-19 pandemic unprepared and on the basis of scant scientific knowledge about the ...
April 15, 2020
S. Micossi: Raising growth in the euro area
The economic policy debate in Europe – or rather in the euro area – seems deadlocked. We would like higher growth of...
April 15, 2020
P. Reichlin: The ECB should have a much larger role in the coronavirus crisis
The COVID-19 lockdown is a major aggregate shock on the world economy. Because it is aggregate, it will not be easily mi...
April 14, 2020
C. Bastasin, L. Bini Smaghi, M. Messori, S. Micossi, P. C. Padoan, F. Passacantando, G. Toniolo – ITALY HAS ENOUGH RESOURCES TO RELAUNCH ITS ECONOMY: THE COUNTRY URGENTLY NEEDS PROJECTS, NOT IDEOLOGICAL WRANGLING
National governments and European institutions have mobilized and will continue to mobilize huge financial resources to ...
April 14, 2020
G. L. Tosato: Notes on the genesis of the European Stability Mechanism
A factual account of the genesis of the ESM would appear pertinent, considering the recent discussions on this subject i...
April 14, 2020
C. Bastasin – Covid-19: The ideas behind the German government’s agenda
A document reveals the analysis behind Berlin’s reaction to the Covid19 crisis and shows that the German government wa...
April 9, 2020
G. De Michele, M. Messori – Towards a sustainable European ‘Marshall Plan’: How to turn the crisis into an opportunity
In the last weeks a growing debate among European economists has focused on how to fund the national expansionary fiscal...
April 9, 2020
P. Nicolaides: State Aid to Combat Covid-19
This paper examines the state aid measures that Member States have implemented to combat the economic effects of covid-1...
April 4, 2020
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
Working Papers
S. Berardi, A. Marcelletti: Optimal Bank Capital Requirements: An Asymmetric Information Perspective
The issue on the amount of capital banks should hold has pushed back the debate on top of policymakers’ agenda. Litera...
March 1, 2017
F. Schivardi, E. Sette, G. Tabellini: Credit Misallocation During the European Financial Crisis
Do banks with low capital extend excessive credit to weak firms, and does this matter for aggregate efficiency? Using a ...
March 1, 2017
D. Focarelli: Why Insurance Regulation is Crucial for Long-term Investment and Economic Growth
This paper focuses on the role of insurers as providers of funds for long-term investment in the real economy, with an e...
January 15, 2017
A. Bassanetti, C. Cottarelli, A. Presbitero – Lost and Found: Market Access and Public Debt Dynamics
The empirical literature on sovereign debt crises identifies the level of public debt (measured as a share of GDP) as a ...
December 11, 2016
F. Landini: Distortions in Firm Selection During Recessions
Recent evidence documents the weakness of market selection based on productivity differentials and the absence of cleans...
October 15, 2016
P. Esposito, M. Messori: IMPROVED STRUCTURAL COMPETITIVENESS OR DEEP RECESSION?
One of the main problems facing the European Monetary Union is the macroeconomic imbalances between ‘core’ and ‘pe...
March 21, 2016
A. Cardaci, F. Saraceno: Inequality, Financialisation and Credit Booms: a Model of Two Crises
We develop a macroeconomic model with an agent-based household sector and a stock-flow consistent structure, in order to...
February 11, 2016
F. Saraceno, R. Tamborini: How can it work? On the impact of Quantitative Easing in the Eurozone
How can the quantitative easing (QE) programme launched in March 2015 by the ECB be successful in the Eurozone (EZ)? Wha...
February 1, 2016
P. Schlosser – ‘Tightening the knot’: strengthening fiscal surveillance in EMU during the euro crisis
One of the key regularities which appeared to hold so far in European integration is that the closer a policy issue lies...
November 30, 2015
Monthly Briefs
Five Bullets
Newsletter
LEAP sends out occasional newsletters containing fellowship opportunities, application calls, updates, and news.
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