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: 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
C. Bastasin, L. Bini Smaghi, M. Messori, S. Micossi, P. C. Padoan, F. Passacantando, G. Toniolo – ITALY’S RESPONSE TO THE HEALTH CRISIS: THINKING TODAY ABOUT THE COUNTRY’S FUTURE
An unprecedented crisis is unraveling before our eyes. The damage caused to people’s and business’ economic viabilit...
March 27, 2020
M. Messori – The current European debate on fiscal policy: Too much and too little
In the last two weeks the European Central Bank (ECB) decided to launch new LTRO and T-LTRO programs to ensure liquidity...
March 23, 2020
S. Micossi, F. Peirce: Overcoming the gridlock in EMU decision-making
The completion of EMU, and banking union as its critical component, requires that certain taboos in the policy debate ar...
March 17, 2020
I. Angeloni: ECB should turn to supervisory forbearance
The European Central Bank under Christine Lagarde, its new president, must decide at its governing council meeting on 12...
March 15, 2020
Working Papers
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
P. Canofari, M. Messori: Exit Risks and Contagion in the Euro Area
This paper aims to assess the possible impact that the depreciation of a common currency can have on the stability of th...
November 20, 2015
F. Landini, A. Arrighetti, A. Lasagni – Economic Crisis and Firm Exit: Do Intangibles Matter?
The crisis in the Euro area has caused several business closures, especially in the EMU periphery. In this paper we use ...
November 15, 2015
G. Bruzzone, M. Cassella, S. Micossi: The EU Regulatory Framework for Bank Resolution
The financial crisis of 2008-09 and the ensuing sovereign debt and banking crises within the eurozone exposed the presen...
October 31, 2015
Monthly Briefs
Five Bullets
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
ECB Financial Stability Review, November 2022
The Financial Stability Review provides an overview of potential risks to financial stability in the euro area. It aims ...
November 16, 2022
COP27: EU calls on all Parties to take concrete steps to limit global warming to 1.5°C and respect the Paris Agreement – November 4
Read the press release...
November 9, 2022
Monetary policy in a high inflation environment: commitment and clarity – Lecture by Christine Lagarde, President of the ECB, organised by Eesti Pank and dedicated to Professor Ragnar Nurkse – November 4
Read the transcript...
November 7, 2022
Opening remarks by European Commission Executive Vice-President Dombrovskis at the press conference of the informal Foreign Affairs Council on Trade – October 31
Read the transcript...
October 31, 2022
ECB Press Conference – October 27
President Christine Lagarde and Vice-President Luis de Guindos explained the Governing Council’s latest monetary polic...
October 31, 2022
European Council, 20-21 October 2022 – Main Results
Get all the info...
October 25, 2022
Speech by President von der Leyen at the European Parliament Plenary on the preparation of the European Council meeting of 20-21 October 2022
Read the transcript...
October 19, 2022
Statement by Christine Lagarde, President of the ECB, at the forty-sixth meeting of the International Monetary and Financial Committee – October 14, 2022
Read the transcript...
October 19, 2022
Speech by European Commission President Ursula von der Leyen at the EU Ambassadors Conference 2022 – October 12
Click here to read the transcript...
October 14, 2022
Newsletter
LEAP sends out occasional newsletters containing fellowship opportunities, application calls, updates, and news.
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