L. Codogno, M. Monti: Taking stock of Christine Lagarde’s challenges at the ECB

Christine Lagarde’s reign at the European Central Bank (ECB) has heralded a shift not in the monetary policy field, bu...

January 14, 2020

C. Bastasin: The Year of “Eufouria”

The resolve of a self-professed geopolitical European Commission will be severely tested in the coming months. President...

January 14, 2020

L. Bini Smaghi: Is the ECB at risk of becoming an underachiever?

Over the past eight years the European Central Bank has systematically failed to achieve its primary objective of price ...

January 10, 2020

C. Bastasin: German political earthquake may have consequences on the banking union and the ESM

A change of leadership in the Social Democratic Party (SPD), the junior partner in the German coalition government, may ...

November 28, 2019

L. Codogno – The fiscal stimulus that is not: why there is no fiscal expansion in sight for the eurozone

As in Peter Pan’s fictional island of Neverland, people in Euroland refuse to grow up and face reality. The “never-n...

November 13, 2019

C. Bastasin: The strange reasons why Europe will have a “Golden Rule” in 2020

As recently as the beginning of 2018, the International Monetary Fund issued one of its most upbeat economic forecasts i...

October 23, 2019

L. Carpentieri, S. Micossi, P. Parascandolo: Overhauling corporate taxation in the digital economy

Is the corporate income tax (CIT) still an efficient system for taxing companies today? The CIT was introduced when econ...

October 22, 2019

P. C. Padoan: Public Debt Reduction in Uncertain Times – With a View to Europe

We live in uncertain times both economically – growth remains weak, especially in the fundamentals – and in ...

September 16, 2019

S. Micossi: A new drive for the Capital Markets Union

For two decades, the lack of private investment has been one of Europe’s biggest economic weaknesses, undermining prod...

September 13, 2019

C. Fassio: Export-Led Innovation Among European Firms

This paper investigates the effect of exporting activities on the innovation strategies of European firms in France, Ger...

March 14, 2015

A. Boitani, R. Tamborini – Fiscal Policy Coordination: A Necessary Step for the Eurozone Recovery

The prolonged recession in the Eurozone is mainly due to austerity policies, which are based on faulty theoretical found...

February 21, 2015

C. Brescia Morra: From the Single Supervisory Mechanism to the Banking Union

The agreement on the Single Supervisory Mechanism (SSM) is an important step to create an integrated banking system in E...

June 25, 2014

P. Canofari, G. Marini, G. Piersanti: Expectations and Systemic Risk in EMU Government Bond Spreads

This paper explores the determinants of 10-years sovereign bond spreads over the German Bund benchmark in the Euro Zone ...

June 18, 2014

C. Fassio: Sectoral Systems or Distance-to-the-Frontier Effects on Innovation?

This study analyzes empirically whether the Sectoral Systems of Innovation or the Distance- to-the-Frontier perspective ...

June 10, 2014