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

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

M. Messori – The economy in the time of the coronavirus: The different limits of the monetary and fiscal policies

The dramatic coronavirus pandemic will likely have heavy and prolonged recessive effects on the European and internation...

March 15, 2020

R. Perissich: A tale of four balls and one grenade

After the 2016 Brexit referendum, the UK and the EU have gone through more than 3 years of negotiations that were someti...

February 28, 2020

R. Tamborini: Beware of pitfalls in the Review of Policy Strategy of the European Central Bank

After taking office on November 1, 2019, the most important announcement from the new President of the European Central ...

January 24, 2020

C. Bastasin: Italy and Germany in Trump’s cross hairs

While the US and China trade rift is settling down, President Trump is setting his sights on Europe and, surprisingly, I...

January 17, 2020

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

Working Papers

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

P. Benigno, S. Nisticò: Non-Neutrality of Open-Market Operations

Unconventional open-market operations can have consequences for inflation and out- put because of income losses on centr...

June 15, 2015

S. Micossi: The Monetary policy of the European Central Bank (2002 t0 2015)

This paper examines the policies pursued by the European Central Bank (ECB) since the inception of the euro. The ECB was...

June 10, 2015

P. Esposito: Trade (dis)Integration and Imbalances in the EMU

The aim of this paper is to assess the role of competitiveness and financial integration on trade flows for countries be...

May 30, 2015

C. Gianetti: Debt Concentration of European Firms

This paper investigates the level of debt specialization across European firms relying on a cross-country comparable sam...

March 31, 2015

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

Monthly Briefs

Five Bullets

Europe: Facts & Docs

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

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

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – September 26, 2022

Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of t...

September 28, 2022

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