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
G. L. Tosato: The Decision of the German Constitutional Court on the Public Sector Purchase Programme of the European Central Bank
On 5 May 2020, the German Constitutional Court (GCC) issued a long-awaited judgment in which it jointly addressed severa...
May 6, 2020
G. L. Tosato – The Recovery Fund: Legal Issues
In the video conference of April 23 the European Council (EC) agreed, with the consent of all Member States (MS), to est...
May 1, 2020
C. Bastasin, L. Bini Smaghi, M. Messori, S. Micossi, P. C. Padoan, F. Passacantando, G. Toniolo: Notes for the European Council Meeting
The reflections underlying the Italian position in the European negotiation seem to refer mainly to both financial and p...
April 22, 2020
G. L. Tosato – The Union’s budget balance pursuant to art. 310 TFEU: What is the impact on the European anti-coronavirus measures?
In a period in which European anti-coronavirus measures are being heatedly discussed, it is necessary to verify which co...
April 17, 2020
P. C. Padoan: Response to Covid-19: Mechanisms against unemployment
At the Eurogroup meeting of April 9 it was decided to introduce new tools to support the economy and/or to strengthen th...
April 16, 2020
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
Working Papers
P. Canofari, G. Di Bartolomeo, M. Messori – EMU Stability: Direct and Indirect Risk Sharing
Our paper aims to analyze the effectiveness of different risk-sharing mechanisms in providing stability to a monetary un...
August 21, 2017
F. Passacantando – Italexit, Debt Cancellation and ParallelMoneys: The fatal attraction for the Argentine solution
This paper aims to show the extraordinary complexity of an exit of Italy from the eurothrough a comparison with Argentin...
July 15, 2017
L. Andreozzi, R. Tamborini: Why Is Europe Engaged in an Interdependence War, and How Can It Be Stopped?
There is large evidence that European countries, the EMU in particular, are engaged in an interdependence war, i.e. non-...
April 24, 2017
P. Benigno: A Central Bank Theory of Price Level Determination
A theory in which the central bank controls the price level is put forward as an alternative to the fiscal theory of the...
April 19, 2017
R. De Santis, P. Esposito, E. Masi: Are There Common Structural Determinants of Potential Output Growth in Europe?
GDP growth in the Eurozone during the last twenty years continuously decreased. In addition, the global financial crisis...
March 25, 2017
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
Monthly Briefs
Five Bullets
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Monetary policy tightening and the green transition – Speech by Isabel Schnabel, Member of the Executive Board of the ECB – January 10, 2023
Read the transcript...
January 11, 2023
Interview with Christine Lagarde, President of the European Central Bank – December 31, 2022
Read the transcript...
December 31, 2022
Conclusions from the European Council – December 16, 2022
On the first of two days of meetings, the European Council adopted conclusions on Ukraine/Russia, energy, economy, secur...
December 19, 2022
ECB Press Conference – December 15, 2022
Get all the info...
December 15, 2022
Taxation: Embracing the digital transition to help fight VAT fraud and support EU businesses – December 8, 2022
Read the European Commission press release...
December 13, 2022
Monetary policy and the economic outlook – Interview with Philip R. Lane, Member of the Executive Board of the ECB – December 6, 2022
Read the transcript...
December 13, 2022
Monetary policy and the economic outlook – Interview with ECB Chief Economist Philip R. Lane – December 6, 2022
Read the transcript...
December 6, 2022
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) – December 2, 2022
Read the press release...
December 6, 2022
Conference on the Future of Europe: citizens demand more from the EU – December 2, 2022
Read the press release...
December 5, 2022
Newsletter
LEAP sends out occasional newsletters containing fellowship opportunities, application calls, updates, and news.
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