Publications & Research

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. Analysis is provided by in-house researchers, members of the Scientific Council, and the Policy Group, with additional contributions from the rest of our Senior Fellows. Supplementing these scholars is a Strategic Policy Group, which includes business leaders and high-level officials in EU institutions. They work alongside members of the Policy Group to provide a better understanding of the direction of current Italian strategies in the context of European negotiations. The Strategic Policy Group convenes at least twice a year (two regular meetings and additional ones as requested by our director).

SEP produces policy briefs, working papers, five bullets and a monthly newsletter. All publications are available online.

Policy Briefs

The School of European Political Economy’s research efforts form a cornerstone in our mission to discuss, analyze, and shape core issues in European economic policy. Prepared by scholars, faculty, and other academics in our network, these policy briefs and commentaries cover a wide range of topics pertaining to Europe. Completed papers are published on our website and disseminated to our contacts.

The global financial crisis in 2007 and 2009, and the ensuing sovereign debt and banking crises in the eurozone, have profoundly changed the governance and institutions of the EU and EMU. SEP’s think tank was created with the intention of gathering a unique group of researchers who are devoted to understanding the policy issues that have emerged in the new European political economy. Monetary policy, governance, and institutions represent the core interests of our research.

S. Micossi: Sovereign debt management in the euro area as a common action problem

This Policy Brief discusses the question of sovereign debt management in the euro area following the large increase in t...

October, 14 2020

S. Micossi: An international role for the euro?

One proposition that commands universal agreement is that the euro deserves a greater international role, justified by t...

October, 2 2020

C. De Vincenti: The Impact of Next Generation EU on the 2021-27 Multiannual Financial Framework

The adoption of the Next Generation EU (NG-EU) strategy is a significant breakthrough with respect to the confrontation ...

September, 29 2020

C. Bastasin: A permanent Recovery Fund requires a European Government

On July 21, 2020, the European Council agreed on the Next Generation – EU (NG-EU). The new exceptional temporary r...

September, 25 2020

M. Buti, M. Messori – Next Generation-EU: Italy must not miss this opportunity

As is widely recognized, the agreement reached at the 17-21 July 2020 European Council meeting can represent a milestone...

August, 21 2020

G. Toniolo – Next Generation EU: Una condizionalità virtuosa

Trovato, piuttosto rapidamente, l’accordo sulla Dimensione complessiva del fondo Next Generation EU (NGEU), confermand...

July, 28 2020

C. Bastasin, L. Bini Smaghi, C. De Vincenti, M. Messori, S. Micossi, P. C. Padoan, G. Toniolo: The main hurdles to overcome in order to save Italy

The pandemic struck an Italy weakened by a quarter of a century of economic and social decline and trapped in a vicious ...

July, 23 2020

M. Buti, M. Messori: Next Generation EU: An interpretative guide

The proposal, which the European Commission made public on May 27, 2020, strengthens and articulates the framework launc...

June, 15 2020

C. Bastasin – Recovery Instrument: An epochal change in political economy

The Recovery Instrument (RI) represents a change in the philosophy of political economy because it breaks the link betwe...

June, 15 2020

Working Papers

Working papers are the culmination of research carried out by the internal group at SEP (members of the Scientific Council and our in-house researchers) and by fellows involved in our activities. They represent an important contribution to the international debate on major theoretical and practical economic policy issues facing the EU and EMU.

P. Esposito, S. Collignon, S. Scicchitano: Immigration and Unemployment in Europe: Does the core-periphery dualism matter?

In this paper, we assess the relation between immigration and unemployment for a sample of 15 EU countries between 1997 ...

February, 1 2019

F. Felici, E. Nicosia: The Credibility Legacy

In the last decade, citizens’ trust of economic experts has considerably declined. Even though the cause of this situa...

January, 21 2019

R. Mazzocchi, R. Tamborini: Current Account Imbalances and the Euro Area

The critical role of current account imbalances (CAI) is widely shared in the consensus narratives of the European crisi...

January, 15 2019


From mid-2007 to mid-2013 the European Economic and Monetary Union (EMU) was characterized by financial and ‘real’ c...

December, 1 2018

P. Canofari, G. Di Bartolomeo, M. Messori: Sovereign Debt Crisis, Fiscal Consolidation and Quantitative Easing in a Monetary Union

In a stylized model of the EMU, where centralized and national policy authorities strategically interact, we show that q...

November, 10 2018

M. Committeri, P. Tommasino: Managing sovereign debt restructurings in the euro zone

European economic governance is again under the spotlight. Several reform proposals have been put forward in recent year...

June, 20 2018

L.Bini Smaghi, M. Marcussen – Strengthening the euro area ArchitectureL: A proposal for Purple bonds

The euro area is currently facing a dilemma. While it is widely recognized that its architecture needs to be strengthene...

May, 20 2018

P. Canofari, A. Piergallini, G.Piersanti: The Fallacy of Fiscal Discipline

Fiscal discipline is commonly evaluated on the basis of the debt-GDP ratio, which exhibits a stock variable measured rel...

March, 20 2018


Global economic governance has evolved dramatically in recent years. Emerging and developing countries have risen in imp...

January, 21 2018

Five Bullets

Europe: Facts & Docs

This section contains policy documents, meeting summaries and news that come directly from the EU institutions.

Energy prices: Commission proposes emergency market intervention to reduce bills for Europeans – September 14, 2022

Read the press release...

September, 14 2022

2022 State of the Union Address by President von der Leyen – September 14, 2022

Click here to read the transcript...

September, 14 2022

The ECB monetary policy statement – September 8, 2022

Click here to get all the information...

September, 8 2022

EUROPEAN COMMISSION: Statement by President von der Leyen on energy – September 7, 2022

Click here to read the statement...

September, 8 2022

EUROPEAN CENTRAL BANK – Press Conference July 21, 2022 (14:45)

Click here for more information...

July, 21 2022

EUROPEAN COMMISSION – Summer 2022 Economic Forecast: Russia’s war worsens the outlook – July 14, 2022

Russia’s war of aggression against Ukraine continues to negatively affect the EU economy, setting it on a path of ...

July, 18 2022

EUROPEAN CENTRAL BANK – Account of the June monetary policy meeting – July 7, 2022

The Governing Council agreed that the revised medium-term inflation outlook called for further, decisive steps in the no...

July, 8 2022

European Council conclusions on Ukraine, the membership applications of Ukraine, the Republic of Moldova and Georgia, Western Balkans and external relations – June 23, 2022

Click here to read the press release...

June, 24 2022

Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – June 20, 2022

Click here to read President Lagarde’s speech...

June, 20 2022


The School of European Economic Policy sends out occasional newsletters containing fellowship opportunities, application calls, updates, and news.

















2021 - 2022