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.

M. Messori – The economy in the time of the coronavirus: The different limits of the monetary and fiscal policies

The dramatic coronavirus pandemic will likely have heavy and prolonged recessive effects on the European and internation...

March, 15 2020

R. Perissich: A tale of four balls and one grenade

After the 2016 Brexit referendum, the UK and the EU have gone through more than 3 years of negotiations that were someti...

February, 28 2020

R. Tamborini: Beware of pitfalls in the Review of Policy Strategy of the European Central Bank

After taking office on November 1, 2019, the most important announcement from the new President of the European Central ...

January, 24 2020

C. Bastasin: Italy and Germany in Trump’s cross hairs

While the US and China trade rift is settling down, President Trump is setting his sights on Europe and, surprisingly, I...

January, 17 2020

L. Codogno, M. Monti: Taking stock of Christine Lagarde’s challenges at the ECB

Christine Lagarde’s reign at the European Central Bank (ECB) has heralded a shift not in the monetary policy field, bu...

January, 14 2020

C. Bastasin: The Year of “Eufouria”

The resolve of a self-professed geopolitical European Commission will be severely tested in the coming months. President...

January, 14 2020

L. Bini Smaghi: Is the ECB at risk of becoming an underachiever?

Over the past eight years the European Central Bank has systematically failed to achieve its primary objective of price ...

January, 10 2020

C. Bastasin: German political earthquake may have consequences on the banking union and the ESM

A change of leadership in the Social Democratic Party (SPD), the junior partner in the German coalition government, may ...

November, 28 2019

L. Codogno – The fiscal stimulus that is not: why there is no fiscal expansion in sight for the eurozone

As in Peter Pan’s fictional island of Neverland, people in Euroland refuse to grow up and face reality. The “never-n...

November, 13 2019

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. Benigno, S. Nisticò: Non-Neutrality of Open-Market Operations

Unconventional open-market operations can have consequences for inflation and out- put because of income losses on centr...

June, 15 2015

S. Micossi: The Monetary policy of the European Central Bank (2002 t0 2015)

This paper examines the policies pursued by the European Central Bank (ECB) since the inception of the euro. The ECB was...

June, 10 2015

P. Esposito: Trade (dis)Integration and Imbalances in the EMU

The aim of this paper is to assess the role of competitiveness and financial integration on trade flows for countries be...

May, 30 2015

C. Gianetti: Debt Concentration of European Firms

This paper investigates the level of debt specialization across European firms relying on a cross-country comparable sam...

March, 31 2015

C. Fassio: Export-Led Innovation Among European Firms

This paper investigates the effect of exporting activities on the innovation strategies of European firms in France, Ger...

March, 14 2015

A. Boitani, R. Tamborini – Fiscal Policy Coordination: A Necessary Step for the Eurozone Recovery

The prolonged recession in the Eurozone is mainly due to austerity policies, which are based on faulty theoretical found...

February, 21 2015

C. Brescia Morra: From the Single Supervisory Mechanism to the Banking Union

The agreement on the Single Supervisory Mechanism (SSM) is an important step to create an integrated banking system in E...

June, 25 2014

P. Canofari, G. Marini, G. Piersanti: Expectations and Systemic Risk in EMU Government Bond Spreads

This paper explores the determinants of 10-years sovereign bond spreads over the German Bund benchmark in the Euro Zone ...

June, 18 2014

C. Fassio: Sectoral Systems or Distance-to-the-Frontier Effects on Innovation?

This study analyzes empirically whether the Sectoral Systems of Innovation or the Distance- to-the-Frontier perspective ...

June, 10 2014

Five Bullets

Europe: Facts & Docs

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


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













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