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 – 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

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

Working Papers

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

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

Monthly Briefs


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