Publications
Policy Briefs
Working Papers
Monthly Briefs
Five Bullets
Europe: Facts & Docs
Newsletter

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

M. Buti, G. Papaconstantinou – European Public Goods: How can we supply more?

The discussion on the supply and finance of public goods at European level is part and parcel of the broader discussion ...

January 26, 2022

D. Gros: A (E)U-turn from Nord Stream 2 towards a European Strategic Gas Reserve

The EU does not have an army. It thus cannot defend Ukraine from a Russian invasion, but it can at least put itself in a...

January 26, 2022

A. Boitani, R. Tamborini: Reforming the European fiscal governance. Beyond new rules

As of March 2020, at the outbreak of the Covid-19 pandemic, the fiscal rules of the European Economic and Monetary Union...

January 25, 2022

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

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Working Papers

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

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Monthly Briefs

Five Bullets

Europe: Facts & Docs

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

Towards an orderly transition – Opening remarks by Christine Lagarde, President of the ECB, at the joint IEA-ECB-EIB High-Level International Conference on “Ensuring an orderly energy transition: Europe’s competitiveness and financial stability in a period of global energy transformation” – September 29, 2023

Read the transcript...

September 29, 2023

A Mediterranean Odyssey: from ancient origins to future strength – Speech by Christine Lagarde, President of the ECB, September 21, 2023

Read the transcript...

September 25, 2023

NextGenerationEU: Implementation of the Recovery and Resilience Facility firmly underway – September 19, 2023

Read the press release...

September 20, 2023

2023 State of the Union Address by President von der Leyen – September 13, 2023

Read the transcript...

September 14, 2023

ECB Press Conference – September 14, 2023