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.
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.
M. Messori – The “Next Generation-EU” breakthrough: Opportunities and risks for Italy
A recently published Policy Brief (see Buti and Messori 2020) examines the quantitative and qualitative aspects that cha...
June, 15 2020
R. Perissich – The EU budget: a Hamilton moment?
On May 27, 2020, while outlining its new proposals for the next Multiannual Financial Framework (MFF) that will determin...
June, 1 2020
M. Messori: The groundbreaking novelties of the Franco-German proposal and the misuse of the abacus
The Franco-German initiative, agreed between French President Emmanuel Macron and German Chancellor Angela Merkel on May...
May, 22 2020
M. Messori: Are Italian banks part of the crisis or its solution this time?
The shock due to the coronavirus pandemic is likely to cause serious difficulties for the Italian banking sector, which ...
May, 18 2020
L. Bini Smaghi: The Judgment of the German Constitutional Court in incomprehensible
On 5 May 2020 the German Constitutional Court (GCC) ruled that the decision taken by the European Court of Justice (ECJ)...
May, 15 2020
G. L. Tosato: The Decision of the German Constitutional Court on the Public Sector Purchase Programme of the European Central Bank
On 5 May 2020, the German Constitutional Court (GCC) issued a long-awaited judgment in which it jointly addressed severa...
May, 6 2020
G. L. Tosato – The Recovery Fund: Legal Issues
In the video conference of April 23 the European Council (EC) agreed, with the consent of all Member States (MS), to est...
May, 1 2020
C. Bastasin, L. Bini Smaghi, M. Messori, S. Micossi, P. C. Padoan, F. Passacantando, G. Toniolo: Notes for the European Council Meeting
The reflections underlying the Italian position in the European negotiation seem to refer mainly to both financial and p...
April, 22 2020
G. L. Tosato – The Union’s budget balance pursuant to art. 310 TFEU: What is the impact on the European anti-coronavirus measures?
In a period in which European anti-coronavirus measures are being heatedly discussed, it is necessary to verify which co...
April, 17 2020
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.
S. Berardia, A. Marcelletti – Family Business: Control and concentration in euro-area companies
Corporate governance architecture is central to the dynamics by which successful firms and economies improve their perfo...
December, 15 2017
M. Fragetta, M. Tamoborini: It’s not austerity. Or is it?
While the debate over the relationship between austerity and growth in Europe has been lively and intense, systematic an...
October, 21 2017
G. Brunello, E. Lodigiani, L. Rocco: Does Low Skilled Immigration Cause Human Capital Polarization?
While there is a vast literature considering the labor market effects of immigration, less has been done to investigate ...
September, 21 2017
P. Canofari, G. Di Bartolomeo, M. Messori – EMU Stability: Direct and Indirect Risk Sharing
Our paper aims to analyze the effectiveness of different risk-sharing mechanisms in providing stability to a monetary un...
August, 21 2017
F. Passacantando – Italexit, Debt Cancellation and ParallelMoneys: The fatal attraction for the Argentine solution
This paper aims to show the extraordinary complexity of an exit of Italy from the eurothrough a comparison with Argentin...
July, 15 2017
L. Andreozzi, R. Tamborini: Why Is Europe Engaged in an Interdependence War, and How Can It Be Stopped?
There is large evidence that European countries, the EMU in particular, are engaged in an interdependence war, i.e. non-...
April, 24 2017
P. Benigno: A Central Bank Theory of Price Level Determination
A theory in which the central bank controls the price level is put forward as an alternative to the fiscal theory of the...
April, 19 2017
R. De Santis, P. Esposito, E. Masi: Are There Common Structural Determinants of Potential Output Growth in Europe?
GDP growth in the Eurozone during the last twenty years continuously decreased. In addition, the global financial crisis...
March, 25 2017
S. Berardi, A. Marcelletti: Optimal Bank Capital Requirements: An Asymmetric Information Perspective
The issue on the amount of capital banks should hold has pushed back the debate on top of policymakers’ agenda. Litera...
March, 1 2017
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Commission sets out first analysis of the proposals stemming from the Conference on the Future of Europe – June 17, 2022
The European Commission has adopted a Communication setting out how it can follow up on the outcome of the Conference on...
June, 20 2022
Statement of the ECB Governing Council – June 15, 2022
On 15 June the Governing Council met to exchange views on the current market situation. Since the gradual process of pol...
June, 17 2022
ECB Press conference – June 9, 2022
Click here to get all the info...
June, 14 2022
The Commission presents the Draft Budget 2023 and the Annual Management and Performance Report for the EU budget for the 2021 financial year
The Commission has proposed an annual EU budget of €185.6 billion for 2023, to be complemented by an estimated €113....
June, 9 2022
Convergence Report reviews Member States’ preparedness to join the euro area and paves the way for Croatia’s euro adoption on 1 January 2023
The European Commission has concluded that Croatia is ready to adopt the euro on 1 January 2023, bringing the number of ...
June, 6 2022
Special meeting of the European Council (30 and 31 May 2022) – Conclusions
Click here to read the document...
June, 1 2022