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: 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
M. Messori: The potentials and the dangers of the Italian economy in a renewed euro area
Overcoming the political and institutional tensions that have characterized Italy in the last fourteen months opens up n...
September 12, 2019
A. Franconi: Mini-Bot: Ingenuity or Ignorance
With the infringement procedure launched by the European Union against Italy in December 2017 (not to be confused with t...
September 6, 2019
M. Buti, M. Krobath: Should the eurozone be less intergovernmental?
Since the economic and financial crisis, the institutional landscape in the EU has changed. While no structure in the EU...
August 30, 2019
Working Papers
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
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
Monthly Briefs
Five Bullets
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Monetary policy in a new environment – Speech by Christine Lagarde, President of the ECB, at the European Banking Congress, November 18
Read the transcript...
November 21, 2022
Statement by Commission President von der Leyen at the G20 Summit session on food and energy security, November 15
Read the transcript...
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
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
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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
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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
Newsletter
The center sends out monthly newsletters containing fellowship opportunities, application calls, updates, and news.