M. Buti, M. Messori – Next Generation-EU: Italy must not miss this opportunity

As is widely recognized, the agreement reached at the 17-21 July 2020 European Council meeting can represent a milestone...

August 21, 2020

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

R. Rinaldi: Cash

The world of retail payments is changing rapidly. We observe app-based mobile payments, contactless and proximity transa...

May 24, 2019

L. Codogno, P. van den Noord: The rationale for a safe asset and fiscal capacity for the Eurozone

The only way to share common liabilities in the Eurozone is to achieve full fiscal and political union, i.e. unity of li...

May 10, 2019

E. Avgouleas, C. Goodhart: BANK RESOLUTION 10 YEARS FROM THE GLOBAL FINANCIAL CRISIS: A SYSTEMATIC REAPPRAISAL

Since 2010 most Group of Twenty (G20) jurisdictions have introduced new recovery and resolution regimes to deal with ban...

May 1, 2019

S. De Nardis: Dissecting Italian manufacturing: sector, dimension and resource allocation in the last ten years

After a prolonged and disappointing period, manufacturing productivity has relatively improved in Italy. It is a decade ...

April 20, 2019

V. Ceriani, G. Ricotti: The international coordination of corporate taxation: old solutions for new challenges?

The ways in which multinational companies operate in the current economic context questions the adequacy of internationa...

March 15, 2019

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