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: 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
I. Angeloni, C. Bastasin, L. Bini Smaghi, V. Meliciani, S. Micossi, P. C. Padoan, P. Parascandolo: La crisi del gas rafforza l’esigenza di politiche economiche in linea con le raccomandazioni europee
Dopo la ragguardevole crescita del Prodotto interno lordo ottenuta grazie anche all’azione di politica economica del g...
August 29, 2022
L. Bini Smaghi: Scudo anti-spread e politica monetaria
Che differenza c’è tra lo scudo anti-spread varato dieci anni fa, dopo il famoso “Whatever it takes” pronunciato ...
August 2, 2022
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
Working Papers
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
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
Five Bullets
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
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