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

P. Reichlin: The ECB should have a much larger role in the coronavirus crisis

The COVID-19 lockdown is a major aggregate shock on the world economy. Because it is aggregate, it will not be easily mi...

April 14, 2020

C. Bastasin, L. Bini Smaghi, M. Messori, S. Micossi, P. C. Padoan, F. Passacantando, G. Toniolo – ITALY HAS ENOUGH RESOURCES TO RELAUNCH ITS ECONOMY: THE COUNTRY URGENTLY NEEDS PROJECTS, NOT IDEOLOGICAL WRANGLING

National governments and European institutions have mobilized and will continue to mobilize huge financial resources to ...

April 14, 2020

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

Working Papers

L.Bini Smaghi, M. Marcussen – Strengthening the euro area ArchitectureL: A proposal for Purple bonds

The euro area is currently facing a dilemma. While it is widely recognized that its architecture needs to be strengthene...

May 20, 2018

P. Canofari, A. Piergallini, G.Piersanti: The Fallacy of Fiscal Discipline

Fiscal discipline is commonly evaluated on the basis of the debt-GDP ratio, which exhibits a stock variable measured rel...

March 20, 2018

M. Buti – THE NEW GLOBAL ECONOMIC GOVERNANCE: CAN EUROPE HELP WIN THE PEACE?

Global economic governance has evolved dramatically in recent years. Emerging and developing countries have risen in imp...

January 21, 2018

S. Berardia, A. Marcelletti – Family Business: Control and concentration in euro-area companies

Corporate governance architecture is central to the dynamics by which successful firms and economies improve their perfo...

December 15, 2017

M. Fragetta, M. Tamoborini: It’s not austerity. Or is it?

While the debate over the relationship between austerity and growth in Europe has been lively and intense, systematic an...

October 21, 2017

G. Brunello, E. Lodigiani, L. Rocco: Does Low Skilled Immigration Cause Human Capital Polarization?

While there is a vast literature considering the labor market effects of immigration, less has been done to investigate ...

September 21, 2017

P. Canofari, G. Di Bartolomeo, M. Messori – EMU Stability: Direct and Indirect Risk Sharing

Our paper aims to analyze the effectiveness of different risk-sharing mechanisms in providing stability to a monetary un...

August 21, 2017

F. Passacantando – Italexit, Debt Cancellation and ParallelMoneys: The fatal attraction for the Argentine solution

This paper aims to show the extraordinary complexity of an exit of Italy from the eurothrough a comparison with Argentin...

July 15, 2017

L. Andreozzi, R. Tamborini: Why Is Europe Engaged in an Interdependence War, and How Can It Be Stopped?

There is large evidence that European countries, the EMU in particular, are engaged in an interdependence war, i.e. non-...

April 24, 2017

Monthly Briefs

Five Bullets

Europe: Facts & Docs

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

Capital markets union: Council adopts revised framework for European long-term investment funds – March 7, 2023

Read the press release...

March 8, 2023

Too early to declare victory against inflation – Interview with Christine Lagarde, President of the ECB, March 5, 2023

Read the interview...

March 6, 2023

Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 1-2 February 2023 (March 2, 2023)

Get all the info...

March 2, 2023

Bringing inflation back to target – Interview with Christine Lagarde, President of the ECB – February 27, 2023

Read the transcript...

February 27, 2023

NextGenerationEU: Two years on since its adoption, the Recovery and Resilience Facility continues to be a central driver of the EU’s green and digital transformation – February 22, 2023

Read the press release...

February 22, 2023

Interview with Christine Lagarde, President of the ECB – February 20, 2023

Watch the interview...

February 20, 2023

Winter 2023 Economic Forecast: EU economy set to avoid recession, but headwinds persist – February 13, 2023

Read the press release...

February 13, 2023

Opening remarks by President von der Leyen at the joint press conference with President Michel following the special meeting of the European Council of 9 February 2023

Read the statement...

February 10, 2023

The battle against inflation is not over yet – Interview with Luis de Guindos, Vice-President of the ECB – February 8, 2023

Read the interview...

February 9, 2023

Newsletter

The center sends out monthly newsletters containing fellowship opportunities, application calls, updates, and news.

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