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

S. Micossi: An international role for the euro?

One proposition that commands universal agreement is that the euro deserves a greater international role, justified by t...

October 2, 2020

C. De Vincenti: The Impact of Next Generation EU on the 2021-27 Multiannual Financial Framework

The adoption of the Next Generation EU (NG-EU) strategy is a significant breakthrough with respect to the confrontation ...

September 29, 2020

C. Bastasin: A permanent Recovery Fund requires a European Government

On July 21, 2020, the European Council agreed on the Next Generation – EU (NG-EU). The new exceptional temporary r...

September 25, 2020

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

Working Papers

P. Reichlin – the GIIPS Countries in the Great Recession: Was it a Failure of the Monetary Union

Drawing from the debate between the “German” and the “Keynesian” views about the reason for the Euro Area slow r...

February 28, 2020

P. C. Padoan – Growth in Europe: Notes for a policy agenda

This paper discusses topics related to the growth mechanism in Europe, and specifically in the eurozone. It looks at the...

December 1, 2019

M. Messori: The flexibility game is not worth the new ESM

The reform of the Treaty Establishing the European Stability Mechanism (ESM) broadens the functions of this mechanism so...

October 25, 2019

P. Canofari, G. Di Bartolomeo, M. Messori: Sovereign debt crisis, fiscal consolidation, and active central bankers in a monetary union

In this paper we examine global financial instability and its impact on the sovereign debts of peripheral countries in a...

October 2, 2019

M. Messori: The inevitable evolution of European financial markets

In the decades preceding the 2007-2009 international financial crisis and the related ‘doom loop’ between the Europe...

September 20, 2019

C. Battiati, C. Jona-Lasinio, S. Sopranzetti: Productivity growth and global value chain participation in the digital age

This paper provides a comprehensive overview of the current productivity trends and their potential drivers in the Euro ...

September 2, 2019

C. Bastasin, M. Mischitelli, G. Toniolo: Living with high public debt, Italy 1861-2018

Since 1861, Italy’s public debt has been both high and sustainable. The paper reviews the history of the Italian debt,...

June 17, 2019

P. Canofari, A. Marcelletti, M. Messori: REDENOMINATION RISK AND BANK RUNS IN A MONETARY UNION WITH AND WITHOUT DEPOSIT INSURANCE SCHEMES

This paper develops a basic framework characterized by a monetary union in which a shock to the policy interest rate, to...

June 1, 2019

R. Rinaldi: Cash

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

May 24, 2019

Monthly Briefs

Five Bullets

Europe: Facts & Docs

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