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

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

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