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

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

F. Balassone, M. Committeri – Europe and the IMF: nec sine te, nec tecum …

As the sovereign debt crisis burst in 2010, the European Union lacked both the instruments and the expertise to manage t...

June 21, 2015

Monthly Briefs

Five Bullets

Europe: Facts & Docs

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

European Commission – Building an economic governance framework fit for the challenges ahead, November 9

Read the press release...

November 21, 2022

Monetary policy in a new environment – Speech by Christine Lagarde, President of the ECB, at the European Banking Congress, November 18

Read the transcript...

November 21, 2022

Statement by Commission President von der Leyen at the G20 Summit session on food and energy security, November 15

Read the transcript...

November 16, 2022

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

Newsletter

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