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.

LEAP produces policy briefs, working papers, five bullets and a monthly newsletter. All publications are available online.

Policy Briefs

C. Bastasin: Dalla pace perpetua alla guerra infinita – Lo spostamento a Est dell’Europa, i rischi per l’Italia e la necessità di una “Nuova Maastricht”

L’emergenza strategica ai confini orientali dell’Unione europea, provocata dall’aggressione russa in Ucraina, avr...

March, 24 2023

C. Bastasin: Italy should not underestimate the risk of isolation in Europe

Giorgia Meloni’s electoral victory in September 2022 was largely interpreted as a new expression of the deep-seated an...

February, 28 2023

C. Bastasin: A catch-22 for Eurobonds

The affirmation of a market for Eurobonds, i.e. common debt securities issued by the European Union, has significantly s...

January, 30 2023

C. Bastasin – European fiscal capacity: the example of the German special funds

The debate on the reform of European rules risks neglecting the importance of integrating the rules governing national f...

January, 12 2023

C. Bastasin: I motivi per approvare la modifica del MES, dopo la sentenza di Karlsruhe

L’approvazione delle modifiche al Trattato del Meccanismo europeo di Stabilità (MES) da parte del Parlamento italiano...

December, 14 2022

C. Bastasin: The German lessons about the “reddito di cittadinanzà”

The German government has put forward a proposal to introduce Bürgergeld, or basic income, in the country, a proposal t...

November, 18 2022

C. Bastasin: Il rapporto UE-Cina e le conseguenze sulla governance europea

Il tema dei rapporti occidentali con la Cina è diventato centrale nel corso del mese di ottobre, quando Stati Uniti e C...

October, 31 2022

M. Messori: Monetary policy and central fiscal capacity in the euro area

The new inflationary peaks reached in the Euro Area (EA) last summer have led the European Central Bank (ECB) to strengt...

October, 21 2022

C. Bastasin: What the European Commission says to Budapest should be heard in Rome too

Under the pressure of the European Parliament, on September 18 the European Commission finally proposed the application ...

September, 28 2022

Working Papers

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

Five Bullets

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


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

October, 22 2018


● 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


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

October, 4 2016


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

Europe: Facts & Docs

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

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

Read the transcript...

July, 17 2023

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

Read the transcript...

July, 10 2023

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

Read the press release...

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

Read the press release...

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

Read the press release...

June, 26 2023

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

Read the press release...

June, 19 2023

ECB Press Conference – June 15, 2023

Get all the info...

June, 19 2023

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

Read the press release...

June, 13 2023


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