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
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
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
Working Papers
P. Benigno: Monetary Policy in a World of Cryptocurrencies
Can currency competition destabilize central banks’ control of interest rates and prices? Yes, it can. In a two-cu...
February 8, 2019
P. Esposito, S. Collignon, S. Scicchitano: Immigration and Unemployment in Europe: Does the core-periphery dualism matter?
In this paper, we assess the relation between immigration and unemployment for a sample of 15 EU countries between 1997 ...
February 1, 2019
F. Felici, E. Nicosia: The Credibility Legacy
In the last decade, citizens’ trust of economic experts has considerably declined. Even though the cause of this situa...
January 21, 2019
R. Mazzocchi, R. Tamborini: Current Account Imbalances and the Euro Area
The critical role of current account imbalances (CAI) is widely shared in the consensus narratives of the European crisi...
January 15, 2019
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
Monthly Briefs
Five Bullets
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Commission supports 151 reform projects in Member States to strengthen resilience and competitiveness – March 21, 2023
Read the press release...
March 21, 2023
Statement by Christine Lagarde, President of the European Central Bank, on the announcement on 19 March 2023 by the Swiss authorities
Read the statement...
March 19, 2023
ECB press conference – March 16, 2023
Get all the info...
March 17, 2023
Statement by President von der Leyen following her meeting with US President Biden – March 10, 2023
Read the statement...
March 10, 2023
Capital markets union: Council adopts revised framework for European long-term investment funds – March 7, 2023
Read the press release...
March 8, 2023
Too early to declare victory against inflation – Interview with Christine Lagarde, President of the ECB, March 5, 2023
Read the interview...
March 6, 2023
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 1-2 February 2023 (March 2, 2023)
Get all the info...
March 2, 2023
Bringing inflation back to target – Interview with Christine Lagarde, President of the ECB – February 27, 2023
Read the transcript...
February 27, 2023
NextGenerationEU: Two years on since its adoption, the Recovery and Resilience Facility continues to be a central driver of the EU’s green and digital transformation – February 22, 2023
Read the press release...
February 22, 2023
Newsletter
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