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
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
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
Working Papers
P. Benigno: Monetary Policy in a World of Cryptocurrencies
Can currency competition destabilize central banks’ control of interest rates and prices? Yes, it can. In a two-cu...
February 8, 2019
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
M. Messori: FINANCIAL INSTABILITY AND EVOLUTION IN THE EUROPEAN MONETARY UNION
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
Monthly Briefs
Five Bullets
Newsletter
LEAP sends out occasional newsletters containing fellowship opportunities, application calls, updates, and news.
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