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

S. Bernardini, C. Cottarelli, G. Galli, C. Valdes – REDUCING PUBLIC DEBT: THE EXPERIENCE OF ADVANCED ECONOMIES OVER THE LAST 70 YEARS

This paper investigates the episodes of public debt reduction in advanced economies since the Second World War. We find ...

July 31, 2019

C. Bastasin: Will the European deficit procedure determine the future of Italy’s political equilibrium?

On June 5, 2019, the EU Commission assessed, in its Report from the Commission – COM(2019) 532 final “Italy, Rep...

July 24, 2019

C. Bastasin: Secular Divergence – Explaining Nationalism in Europe

The doctrine of nationalism, hinging on a primacy of the cultural, civic or ethnic unit of one nation vis-à-vis other ...

April 24, 2019

C. Bastasin: The economic consequences of Italian political isolation

In about two months’ time, European citizens will be voting on their representatives in the European Parliament. T...

March 27, 2019

L. Bini Smaghi: What Future for the European Banking System?

The European banking sector is going through complicated times. Its performance over the last decade diverged widely fro...

March 13, 2019

S. Micossi – Testing the EU Framework for the Recovery and Resolution of Banks: the Italian Experience

The financial crisis of 2008-09 and the ensuing sovereign debt and banking crises within the Eurozone exposed the presen...

February 15, 2019

A. Leipold – Not Seeing the 50% for the 2.04%. A Missing Piece of EU Economic Governance: The Quality of Public Finance

The public finance situation in Italy and to a lesser extent France has brought the long- simmering issue of the Europea...

February 13, 2019

C. Bastasin: The German-French Treaty: Sign of Strength or of Weakness?

On January 22, 2019, French President Emmanuel Macron and German Chancellor Angela Merkel signed a bilateral document ca...

January 29, 2019

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