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

S. Micossi – Managing sovereign debts held by the ESCB: operational and legal constraints

Following the proposal by Avgouleas and Micossi (2021) and Micossi (2021), several authors (Amato and Saraceno 2022, Bag...

February, 23 2022

M. Messori – Italy’s national Recovery and Resilience Plan: Efficient use of resources and social well-being

The extraordinary funds made available by Next Generation-EU (NGEU), and – in particular – by its most impor...

February, 14 2022

C. De Vincenti – The “do no significant harm” principle: Two possible interpretations

With the European Commission’s recent draft document that includes, albeit under restrictive conditions, gas and ...

February, 2 2022

S. Micossi – Reform of the Stability Pact: First principles

 A crowded seminar held by the Astrid Foundation has launched in Italy the discussion on the future of the European...

January, 27 2022

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

C.De Vincenti, P. Bonaretti: Mercato dei farmaci e governance regolatoria

L’attuale assetto di regolazione del mercato farmaceutico nel nostro Paese è segnato da due elementi costitutivi del...

May, 12 2021

C. Oldani, B. Giannini – Sustainability of public debt in Europe: the use of swaps

This study contributes to the literature on public debt sustainability and investigates whether European countries manag...

April, 28 2021

S. De Nardis, F. Parente: Technology, Task and wage-bill changes in the EU countries

Drawing on the methodological framework from Acemoglu and Restrepo (2019), this paper investigates the influence of tech...

March, 24 2021

R. Jakubeit: The Wirecard scandal and the role of BaFin

The objective of this paper is to derive policy lessons for capital markets supervision in the EU from the 2020 scandal ...

March, 22 2021

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