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, L. Bini Smaghi, S. De Nardis, C. De Vincenti, V. Meliciani, M. Messori, S. Micossi, P. C. Padoan, G. Toniolo: Three conditions for the Italian reforms’ success
The Italian government’s programs for changing the inertia of the country’s economy are well founded. After thir...
June, 14 2021
C. Bastasin: A rearview mirror mentality wrapped in a small-country syndrome
A year ago, the European Union reached its Hamiltonian moment. The sense of human solidarity in the face of death and th...
May, 31 2021
F. Passacantando: Could a digital currency strengthen the euro?
The introduction of a digital euro could transform not only the way European citizens will make pay- ments in the future...
May, 5 2021
V. Termini – The risk of inflation cannot be our priority: The effect’s of Biden’s economic policy
Today we are going through a deep economic crisis, different from the ones that we were accustomed to. It was brought on...
April, 22 2021
G. L. Tosato – Common debt: NextGeneration is not the first case
The feared judges in Karlsruhe will soon have to rule on the constitutionality in Germany of the planned issue of Eurobo...
April, 11 2021
C. Bastasin – The Draghi Government: The Europe factor in investor choices
The start of the Draghi government is surrounded by a high level of uncertainty. The climate in which the economic polic...
March, 29 2021
E. Avgouleas, S. Micossi – On selling sovereigns held by the ECB to the ESM: Institutional and economic policy implications
This paper follows up on a CEPS Policy Insight of October 2020, in which Stefano Micossi argued that the increase in sov...
March, 22 2021
P. Nicolaides: Unprecedented State Intervention
EU Member States have granted very large amounts of state aid to counteract the impact of the covid- 19 pandemic and the...
March, 3 2021
R. Perissich: Why the EU needs a common foreign policy (and what it would take to have one)
As a result of an ill-advised military intervention by some European countries, Libya has been in a state of bloody civi...
February, 28 2021
Working Papers
P. C. Padoan – Growth in Europe: Notes for a policy agenda
This paper discusses topics related to the growth mechanism in Europe, and specifically in the eurozone. It looks at the...
December, 1 2019
M. Messori: The flexibility game is not worth the new ESM
The reform of the Treaty Establishing the European Stability Mechanism (ESM) broadens the functions of this mechanism so...
October, 25 2019
P. Canofari, G. Di Bartolomeo, M. Messori: Sovereign debt crisis, fiscal consolidation, and active central bankers in a monetary union
In this paper we examine global financial instability and its impact on the sovereign debts of peripheral countries in a...
October, 2 2019
M. Messori: The inevitable evolution of European financial markets
In the decades preceding the 2007-2009 international financial crisis and the related ‘doom loop’ between the Europe...
September, 20 2019
C. Battiati, C. Jona-Lasinio, S. Sopranzetti: Productivity growth and global value chain participation in the digital age
This paper provides a comprehensive overview of the current productivity trends and their potential drivers in the Euro ...
September, 2 2019
C. Bastasin, M. Mischitelli, G. Toniolo: Living with high public debt, Italy 1861-2018
Since 1861, Italy’s public debt has been both high and sustainable. The paper reviews the history of the Italian debt,...
June, 17 2019
P. Canofari, A. Marcelletti, M. Messori: REDENOMINATION RISK AND BANK RUNS IN A MONETARY UNION WITH AND WITHOUT DEPOSIT INSURANCE SCHEMES
This paper develops a basic framework characterized by a monetary union in which a shock to the policy interest rate, to...
June, 1 2019
R. Rinaldi: Cash
The world of retail payments is changing rapidly. We observe app-based mobile payments, contactless and proximity transa...
May, 24 2019
L. Codogno, P. van den Noord: The rationale for a safe asset and fiscal capacity for the Eurozone
The only way to share common liabilities in the Eurozone is to achieve full fiscal and political union, i.e. unity of li...
May, 10 2019
Five Bullets
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Winter 2023 Economic Forecast: EU economy set to avoid recession, but headwinds persist – February 13, 2023
Read the press release...
February, 13 2023
Opening remarks by President von der Leyen at the joint press conference with President Michel following the special meeting of the European Council of 9 February 2023
Read the statement...
February, 10 2023
The battle against inflation is not over yet – Interview with Luis de Guindos, Vice-President of the ECB – February 8, 2023
Read the interview...
February, 9 2023
ECB Press Conference – February 2, 2023
Get all the info...
February, 6 2023
New challenges in a changing world – Speech by Christine Lagarde, President of the ECB – January 23, 2023
Read the transcript...
January, 25 2023
European Commission – Special Address by President von der Leyen at the World Economic Forum, January 17, 2023
Read the transcript...
January, 18 2023
Monetary policy tightening and the green transition – Speech by Isabel Schnabel, Member of the Executive Board of the ECB – January 10, 2023
Read the transcript...
January, 11 2023
Interview with Christine Lagarde, President of the European Central Bank – December 31, 2022
Read the transcript...
December, 31 2022
Conclusions from the European Council – December 16, 2022
On the first of two days of meetings, the European Council adopted conclusions on Ukraine/Russia, energy, economy, secur...
December, 19 2022