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
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
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.
Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) – December 2, 2022
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December 6, 2022
Conference on the Future of Europe: citizens demand more from the EU – December 2, 2022
Read the press release...
December 5, 2022
Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – November 28
Read the transcript...
November 29, 2022
European Commission – Building an economic governance framework fit for the challenges ahead, November 9
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November 21, 2022
Monetary policy in a new environment – Speech by Christine Lagarde, President of the ECB, at the European Banking Congress, November 18
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November 21, 2022
Statement by Commission President von der Leyen at the G20 Summit session on food and energy security, November 15
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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
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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
Newsletter
The center sends out monthly newsletters containing fellowship opportunities, application calls, updates, and news.