F. Bontadini, V. Meliciani, M. Savona, A. Wirkierman – Nearshoring and Farsharing in Europe: implications for employment

This paper documents recent trends in the geographical distribution of value added across Global Value Chains (GVCs) and...

September, 27 2022

P. Canofari, G. Di Bartolomeo, M. Messori: Dancing on the edge of stagflation

The European Central Bank (ECB) is facing a dangerous trade-off between the control of supply-led inflation and the need...

September, 20 2022

L. Ferrari, V. Meliciani – Public Spending for Future Generations: Recent Trends in EU Countries

Public investment, traditionally measured using the so-called gross fixed capital formation (hereinafter, GFCF) of the p...

June, 28 2022

P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: Stagflation and fragmentation – the euro area at the crossroads

The euro area may be about to experience something new: fragmentations in its financial markets in a situation character...

June, 8 2022

A. Macchiati, R. Vitelli: Mercati del gas e transizione energetica

L’aumento dei prezzi del gas e, conseguentemente dell’energia elettrica, registrato inizialmente nell’ultimo trime...

April, 4 2022

J. Bonchi, S. Nisticò: Heterogeneity, Bubbles and Monetary Policy

Using a tractable New Keynesian model with heterogeneous agents, we analyze the interplay between heterogeneity and rati...

February, 8 2022

M. Amato, F. Saraceno: Squaring the circle – How to guarantee fiscal space and debt sustainability with a European Debt Agency

This paper contributes to the debate on European macroeconomic governance. What is at stake is creating fiscal space for...

January, 19 2022

P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: The Implementation and Rationale of the ECB’s New Inflation Target

In July 2021, the ECB’s target was revised, specifying that the 2% inflation rate threshold should be applied symm...

November, 8 2021

F. Bontadini, R. Evangelista, V. Meliciani, M. Savona – Asymmetries in global value chain integration, technology and employment structures in Europe: Country and sectoral evidence

This paper provides empirical evidence on the complex role played by technology in affecting the relationship between th...

November, 8 2021

C. Bastasin: The EU budget’s bad start concerns the euro area as well

• February’s special Council meeting on the 2021-2027 EU budget ended without an agreement. When EU leaders left...

February, 28 2020

C. Bastasin: A Unique Opportunity for New Ideas on EU Fiscal Rules

• On February 5, the European Commission presented the outlines of its review of the euro-area’s fiscal rules. A sim...

February, 7 2020

C. Bastasin: Italy’s debt causes resistance to new “green” fiscal flexibility

• Brussels is about to start a debate on waivers for green investments from the EU’s budget-deficit rules. However, ...

February, 5 2020

C. Bastasin: ON THE EU COMMISSION’S HARD-NOSED LETTER TO ITALY

• In a strongly worded letter, EU Commissioners Valdis Dombrovskis and Pierre Moscovici have accused Italy of planning...

October, 22 2018

C. Bastasin: ITALY’S IS NOT A POPULIST GOVERNMENT

● Italy’s government is not just another populist government, more or less similar to the Greek, the British or even...

October, 1 2018

C. Bastasin: Regarding the Letter of the Eight Finance Ministers

● European ministers of finance discussed the future of the EMU on several occasions over the last couple of months. U...

March, 13 2018

M. Messori: ON THE LESSONS LEARNED FROM DEUTSCHE BANK

DEUTSCHE BANK’S DIFFICULTIES, which exploded due to a multi-billion dollar fine required by the U.S. Department of Jus...

October, 4 2016

C. Bastasin: ON ITALY’S ISOLATION IN EUROPE

Italy is suffering from isolation in the European Union and the euro area. This goes far beyond anecdotal evidence of Pr...

September, 29 2016

M. Messori: On Europe, Post-Bratislava

It would be useful to expand and modify Chancellor Merkel’s European agenda in order to reduce the possibility of unde...

September, 21 2016

Strengthening resilience in a changing geopolitical landscape – Welcome address by Christine Lagarde, President of the ECB, at the 9th ECB conference on central, eastern and south-eastern European countries – July 17, 2023

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July, 17 2023

Interview with Christine Lagarde, President of the ECB – July 7, 2023

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July, 10 2023

2023 Strategic Foresight Report: sustainability and wellbeing at the heart of Europe’s Open Strategic Autonomy – July 6, 2023

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July, 10 2023

Single Currency Package: new proposals to support the use of cash and to propose a framework for a digital euro – June 28, 2023

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July, 5 2023

Breaking the persistence of inflation – Speech by Christine Lagarde, President of the ECB, at the ECB Forum on Central Banking 2023 on “Macroeconomic stabilisation in a volatile inflation environment” in Sintra, Portugal – June 27, 2023

Read the transcript ECB Forum on Central Banking 2023...

June, 28 2023

EU budget: Commission proposes to reinforce long-term EU budget to face most urgent challenges – June 20, 2023

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June, 26 2023

European Semester 2023: country-specific recommendations agreed – June 16, 2023

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June, 19 2023

ECB Press Conference – June 15, 2023

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June, 19 2023

Sustainable Finance: Commission takes further steps to boost investment for a sustainable future – June 13, 2023

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June, 13 2023