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: Why a pro-European President of the Italian Republic is vital for the country’s economy
The role of Italy’s President, differently from the premiership, does not wield executive powers. Nevertheless, its fu...
January, 25 2022
C. Bastasin, L. Bini Smaghi, V. Meliciani, M. Messori, S. Micossi, P. C. Padoan, G. Toniolo – Legge di Bilancio: troppa spesa corrente se l’inflazione spinge i tassi d’interesse
Questo policy brief analizza criticamente lo stato attuale della politica di bilancio italiana e le prospettive di infla...
December, 29 2021
C. Bastasin – The lack of political integration in European governance: The case in the conflict between security in Europe and democracy in Poland
Strengthening political integration is tacitly coming of age in Europe after the pandemic crisis led the European Union ...
November, 30 2021
S. Micossi – On the selling of sovereigns held by the ESCB to the ESM: A revised proposal
This paper presents an in-depth review of the proposal by Micossi (2020) and Avgouleas and Micossi (2021) to transfer a ...
November, 15 2021
G. L. Tosato: Legal considerations on the Avgouleas-Micossi proposal
Recently, Micossi (2020) and Avgouleas and Micossi (2021) proposed to transfer the sovereign bonds purchased by the ESCB...
September, 8 2021
G. Colazzo: The debate on how to the EMU’s economic governance framework
On 5 February 2020, the European Commission published a “Communication”1 on Economic Governance Review, opening a pu...
September, 1 2021
V. Meliciani, M. Pini – Digitalization and productivity in Italy: Opportunities and risks of the NRRP
Next Generation EU is an important opportunity for Italy to relaunch its growth and productivity in discontinuity with t...
July, 28 2021
L. Bini Smaghi – The new ECB Strategy: What will change?
On 8 July 2021 the ECB published its new Monetary Policy Strategy. Following the announcement, it is legitimate to ask w...
July, 26 2021
S. Micossi: La riforma del Patto di stabilità e crescita
Queste brevi note offrono qualche spunto che spero utile sulla discussione in corso sulla revisione del Patto di stabili...
June, 16 2021
Working Papers
L. Codogno, P. van den Noord: Assessing Next Generation EU
The unprecedented fiscal package adopted by the European Council in the summer of 2020 ―dubbed Next Generation EU―is...
November, 30 2020
P. Benigno, P. Canofari, G. Di Bartolomeo, M.Messori: Uncertainty and the Pandemic Shocks
The COVID-19 pandemic shocks are a significant source of uncertainty in several aspects. In particular, these shocks inf...
November, 11 2020
G. Ascari, J. Bonchi: (Dis)Solving the Zero Lower Bound Equilibrium through Income Policy
We investigate the possibility to reflate an economy experiencing a long-lasting zero lower bound episode with subdued o...
October, 23 2020
C. De Vincenti, S. Facciolini: Mercati postali, servizio universale, regolazione
Quali sono le caratteristiche strutturali del mercato dei servizi postali rilevanti per la definizione del quadro normat...
October, 12 2020
P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: Theory, Evidence, and Risks of the ECB’s Asset Purchase Programme
In response to the COVID-19 crisis, the ECB has relaunched a massive asset purchase programme within its combined-arms m...
October, 2 2020
L. Codogno, P. van den Noord: Going fiscal? A stylised model with fiscal capacity and a Eurobond in the Eurozone
The paper shows that the introduction a Eurobond together with fiscal capacity at the centre would produce macro-stabili...
April, 9 2020
G. Galli: The reform of the ESM and why it is so controversial in Italy
Key Points The draft reform of the European Stability Mechanism (henceforth ESM) was not approved as scheduled at the Eu...
April, 8 2020
G. Bonaccolto, N. Borri, A. Consiglio: Breakup and Default Risks in the Eurozone
Since the burst of the sovereign debt crisis, investors perceive the concrete possibility of a breakup of the Eurozone. ...
March, 11 2020
P. Reichlin – the GIIPS Countries in the Great Recession: Was it a Failure of the Monetary Union
Drawing from the debate between the “German” and the “Keynesian” views about the reason for the Euro Area slow r...
February, 28 2020
Five Bullets
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Statement by Christine Lagarde, President of the European Central Bank, on the announcement on 19 March 2023 by the Swiss authorities
Read the statement...
March, 19 2023
ECB press conference – March 16, 2023
Get all the info...
March, 17 2023
Statement by President von der Leyen following her meeting with US President Biden – March 10, 2023
Read the statement...
March, 10 2023
Capital markets union: Council adopts revised framework for European long-term investment funds – March 7, 2023
Read the press release...
March, 8 2023
Too early to declare victory against inflation – Interview with Christine Lagarde, President of the ECB, March 5, 2023
Read the interview...
March, 6 2023
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 1-2 February 2023 (March 2, 2023)
Get all the info...
March, 2 2023
Bringing inflation back to target – Interview with Christine Lagarde, President of the ECB – February 27, 2023
Read the transcript...
February, 27 2023
NextGenerationEU: Two years on since its adoption, the Recovery and Resilience Facility continues to be a central driver of the EU’s green and digital transformation – February 22, 2023
Read the press release...
February, 22 2023
Interview with Christine Lagarde, President of the ECB – February 20, 2023
Watch the interview...
February, 20 2023
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