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

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. 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

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

Monthly Briefs

Five Bullets

Europe: Facts & Docs

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

Banking Union and Capital Markets Union – Keynote speech by Luis de Guindos, Vice-President of the ECB, at the Annual Joint Conference of the European Commission and the European Central Bank on European Financial Integration – June 7, 2023

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June 7, 2023

Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – June 5, 2023

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June 7, 2023

Keynote speech by Commission President von der Leyen at the GLOBSEC 2023 Bratislava Forum – May 31, 2023

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June 7, 2023

Press statement by President von der Leyen with Italian Prime Minister Meloni – May 25, 2023

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May 29, 2023

Capital Markets Union: Commission proposes new rules to protect and empower retail investors in the EU – May 24, 2023

Read the press release...

May 24, 2023

Policy guidance under the European Semester: Sustaining reforms and investments to secure the EU’s long-term prosperity, competitiveness, fairness and resilience – May 24, 2023

Read the press release...

May 24, 2023

EU Customs Reform: A data-driven vision for a simpler, smarter and safer Customs Union – May 17, 2023

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May 18, 2023

Spring 2023 Economic Forecast: An improved outlook amid persistent challenges – May 15, 2023

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May 17, 2023

Interview with Luis de Guindos, Vice-President of the ECB – May 14, 2023

Read the interview...

May 17, 2023