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.
LEAP produces policy briefs, working papers, five bullets and a monthly newsletter. All publications are available online.
Policy Briefs
C. Bastasin: Draghi’s resignation and a new – more clever – Fiscal Compact
Italy’s political instability resurfaced on July 14 when Prime Minister Mario Draghi presented his resignation to the ...
July, 18 2022
C. De Vincenti – Green Investments: Two Possible Interpretations of the “Do No Significant Harm” Principle
The concrete implementation of the Next Generation EU strategy and the recent emergence of energy security problem have ...
July, 11 2022
C. Bastasin: Europe cannot be strong if fragmentation risks linger in the euro area
Officially, the fragmentation risks of the euro area – or the extreme divergence of financial conditions in member sta...
June, 15 2022
F. Bontadini, V. Meliciani, M. Savona, A. Wirkierman: Nearshoring and Farsharing in Europe within the Global Economy
Has the world economy really entered a phase of de-globalisation or deceleration in globalisation after the great recess...
June, 10 2022
C. Bastasin: Europe should not encourage the “China vs the US” bipolarity
Deglobalization does not forcedly mean less multilateralism. This is how Europe should think about the likely coming bip...
May, 10 2022
C. Bastasin: Post-war global supply chains – Europe must defend economic cooperation
The European Union is the most open trading area in the world. Changes in the flows of imports and exports have a more p...
April, 10 2022
C. Bastasin: How Italy was about to be excluded from the euro – A behind-the-scenes reconstruction of a historical event
Helmut Kohl’s request, even before saying goodbye, took me completely by surprise: “Tell me about your famil...
March, 29 2022
C. Bastasin: A critical assessment of German Rearmament
If it was not for the events in Ukraine, at any other time Germany’s rearmament, announced by surprise on February 27 ...
March, 14 2022
L. Bini Smaghi – La Riforma del Patto di Stabilità e Crescita: Ce n’è veramente bisogno?
Con la graduale uscita dall’emergenza pandemica e il consolidamento della ripresa economica si avvicina la fine del pe...
February, 24 2022
Working Papers
P. Esposito, V. Larocca, M. Messori, M. Mischitelli – Bank-based or Market-based financial sources: Which is better for the EU?
This paper examines the relationships between the financial structure and the economicperformance of non-financial corpo...
November, 8 2021
P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: Financial Dominance in the Pandemic and Post-Pandemic European Economy
Differently from past episodes, the European institutions responded to the pandemic shock with an appropriate policy mix...
October, 4 2021
P. Nicolaides – The Dispute-Settlement Provisions of the EU-UK Trade and Cooperation Agreement: Are they Adequate for the Task?
The Trade and Cooperation Agreement between the European Union and the United Kingdom has established new institutions a...
September, 23 2021
A. Erce, E. Mallucci, M. Picarelli: A Journey in the History of Sovereign Defaults on Domestic Law Public Debt
We introduce a novel database on sovereign defaults that involve public debt in- struments governed by domestic law. By ...
September, 22 2021
P. Della Posta, R. Tamborini: The existential trilemma of the EMU in a fiscal target-zone model
The lesson we draw from the EMU crisis of the 2010s, and from the outbreak of the COVID-19 pandemic, is that the EMU, wh...
September, 8 2021
F. Bontadini, R. Evangelista, V. Meliciani, M. Savona: Patterns of integration in global value chains and the changing structure of employment in Europe
This paper aims at revisiting the empirical evidence on the recent trends of countries’ integration in global value ch...
September, 1 2021
J. Bonchi – Asset Price Bubbles and Monetary Policy: Revisiting the Nexus at the Zero Lower Bound
Asset price bubbles are a major source of macroeconomic instability, but can they play a different role in a low interes...
June, 18 2021
T. Asonuma, M. Chamon, A. Erce, A. Sasahara – Costs of Sovereign Defaults: Restructuring Strategies and Financial Intermediation
Sovereign debt restructurings are associated with declines in the growth of GDP, invest- ment, bank credit to the privat...
May, 31 2021
A. Wirkierman, T. Ciarli, M. Savona: A Taxonomy of European Innovation Clubs
The paper provides a novel, empirically grounded map of innovation ‘clubs’ in the EU, based on a unique analysis of ...
May, 18 2021
Five Bullets
S. Micossi: On the Italian Criticism of the Bratislava Summit
On migration, while the concerns of Eastern European states were addressed, resulting in explicit promises to aid Bulgar...
September, 19 2016
C. Bastasin: ON MERKEL’S ROLE IN THE REFUGEE CRISIS
Merkel’s management of the Euro crisis actually hinged on the architecture of non- political institutions, with fi...
March, 9 2016
C. Bastasin: ON THE BAIL-IN AND ITALY’S PUBLIC DEBT
The conflict between Rome and Brussels over the regulation of banks’ bail-in and public budget flexibility is a conseq...
February, 18 2016
C. Bastasin: ON MARINE LE PEN AND BANCA D’ETRURIA
The euro-crisis’ mismanagement has discredited the euro-area’s model of centralized economic governance, forcing the...
December, 9 2015
L. Codogno: ON THE ECB’S EXTENSION OF THE ASSET PURCHASE PROGRAMME (APP)
The European Central Bank’s press conference on 3 December 2015 included an announced extension of the asset purchase ...
December, 4 2015
S. Micossi: ON THE EUROPEAN COUNCIL MEETING WITH THE TURKISH DELEGATION
On Sunday, 29 November 2015, the European Council will meet a Turkish delegation led by prime minister Recep Tayyip Erdo...
November, 27 2015
S. Micossi: ON EUROPEAN COUNCIL CONCLUSIONS
The European Council conclusions yesterday include five points worth mentioning: 1. The Council has endorsed the main li...
October, 16 2015
C. Bastasin: ON THE GREEK VOTE
• Tsipras obtained a convincing margin of victory over New Democracy, just shy of an absolute majority. • The electi...
September, 21 2015
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Keynote speech by Commission President von der Leyen at the GLOBSEC 2023 Bratislava Forum – May 31, 2023
Read the transcript...
June, 7 2023
Press statement by President von der Leyen with Italian Prime Minister Meloni – May 25, 2023
Read the statement...
May, 29 2023
Capital Markets Union: Commission proposes new rules to protect and empower retail investors in the EU – May 24, 2023
Read the press release...
May, 24 2023
Policy guidance under the European Semester: Sustaining reforms and investments to secure the EU’s long-term prosperity, competitiveness, fairness and resilience – May 24, 2023
Read the press release...
May, 24 2023
EU Customs Reform: A data-driven vision for a simpler, smarter and safer Customs Union – May 17, 2023
Read the press release...
May, 18 2023
Spring 2023 Economic Forecast: An improved outlook amid persistent challenges – May 15, 2023
Read the press release...
May, 17 2023
Interview with Luis de Guindos, Vice-President of the ECB – May 14, 2023
Read the interview...
May, 17 2023
Interview with Christine Lagarde, President of the ECB – May 10, 2023
Read the interview...
May, 10 2023
ECB: Monetary policy decisions – May 4, 2023
Read the press release...
May, 8 2023
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