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

G. L. Tosato – Common debt: NextGeneration is not the first case

The feared judges in Karlsruhe will soon have to rule on the constitutionality in Germany of the planned issue of Eurobo...

April 11, 2021

C. Bastasin – The Draghi Government: The Europe factor in investor choices

The start of the Draghi government is surrounded by a high level of uncertainty. The climate in which the economic polic...

March 29, 2021

E. Avgouleas, S. Micossi – On selling sovereigns held by the ECB to the ESM: Institutional and economic policy implications

This paper follows up on a CEPS Policy Insight of October 2020, in which Stefano Micossi argued that the increase in sov...

March 22, 2021

P. Nicolaides: Unprecedented State Intervention

EU Member States have granted very large amounts of state aid to counteract the impact of the covid- 19 pandemic and the...

March 3, 2021

R. Perissich: Why the EU needs a common foreign policy (and what it would take to have one)

As a result of an ill-advised military intervention by some European countries, Libya has been in a state of bloody civi...

February 28, 2021

V. Termini – Europe on the move: First steps towards a multilateral global scenario

Europe is on the move on three fronts which, in combination, are leading towards a truly extraordinary scenario. At the ...

February 24, 2021

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

Working Papers

R. Jakubeit: The Wirecard scandal and the role of BaFin

The objective of this paper is to derive policy lessons for capital markets supervision in the EU from the 2020 scandal ...

March 22, 2021

P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: The ECB’s Measures in Support of the COVID-19 Crisis

This paper illustrates and discusses the monetary policies activated in response to the COVID-19 crisis. We argue that t...

March 4, 2021

D. Di Cagno, A. Fabrizi, M. Marini, V. Meliciani: Knowledge networks in joint research projects, innovation and economic growth across European regions

This paper investigates the role played by the position of European regions in research networks on their rate of innova...

January 31, 2021

A. Franconi – Opening the Black Box of Austerity: Evidence from Fiscal Consolidation Plans

This paper explores the effects of austerity measures on labour markets and on income inequality and finds evidence of a...

January 20, 2021

C. Battiati, C. Jona-Lasinio, E. Marvasi, S. Sopranzetti – Market power and productivity trends in the European economies: A macroeconomic perspective

Recent empirical investigations have documented an upward trend in profit rates, markups, and concentration over the las...

January 18, 2021

J. Bonchi, F. S. Lucidi – Asset Price Bubbles with Low Interest Rates: Not All Bubbles are Likely to Emerge

Leveraged asset price bubbles, i.e., boom-bust phases in asset prices accompanied by credit overhangs, are more harmful ...

December 5, 2020

L. Codogno, P. van den Noord: Assessing Next Generation EU

The unprecedented fiscal package adopted by the European Council in the summer of 2020 ―dubbed Next Generation EU―is...

November 30, 2020

P. Benigno, P. Canofari, G. Di Bartolomeo, M.Messori: Uncertainty and the Pandemic Shocks

The COVID-19 pandemic shocks are a significant source of uncertainty in several aspects. In particular, these shocks inf...

November 11, 2020

G. Ascari, J. Bonchi: (Dis)Solving the Zero Lower Bound Equilibrium through Income Policy

We investigate the possibility to reflate an economy experiencing a long-lasting zero lower bound episode with subdued o...

October 23, 2020

Monthly Briefs

Five Bullets

Europe: Facts & Docs

This section contains policy documents, meeting summaries and news that come directly from the EU institutions.