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.
C. Bastasin: Europe should not encourage the “China vs the US” bipolarity
Deglobalization does not forcedly mean less multilateralism. This is how Europe should think about the likely coming bip...
May, 10 2022
C. Bastasin: Post-war global supply chains – Europe must defend economic cooperation
The European Union is the most open trading area in the world. Changes in the flows of imports and exports have a more p...
April, 10 2022
C. Bastasin: How Italy was about to be excluded from the euro – A behind-the-scenes reconstruction of a historical event
Helmut Kohl’s request, even before saying goodbye, took me completely by surprise: “Tell me about your famil...
March, 29 2022
C. Bastasin: A critical assessment of German Rearmament
If it was not for the events in Ukraine, at any other time Germany’s rearmament, announced by surprise on February 27 ...
March, 14 2022
L. Bini Smaghi – La Riforma del Patto di Stabilità e Crescita: Ce n’è veramente bisogno?
Con la graduale uscita dall’emergenza pandemica e il consolidamento della ripresa economica si avvicina la fine del pe...
February, 24 2022
S. Micossi – Managing sovereign debts held by the ESCB: operational and legal constraints
Following the proposal by Avgouleas and Micossi (2021) and Micossi (2021), several authors (Amato and Saraceno 2022, Bag...
February, 23 2022
M. Messori – Italy’s national Recovery and Resilience Plan: Efficient use of resources and social well-being
The extraordinary funds made available by Next Generation-EU (NGEU), and – in particular – by its most impor...
February, 14 2022
C. De Vincenti – The “do no significant harm” principle: Two possible interpretations
With the European Commission’s recent draft document that includes, albeit under restrictive conditions, gas and ...
February, 2 2022
S. Micossi – Reform of the Stability Pact: First principles
A crowded seminar held by the Astrid Foundation has launched in Italy the discussion on the future of the European...
January, 27 2022
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. 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
Five Bullets
C. Bastasin: ON MERKEL’S ROLE IN THE REFUGEE CRISIS
Merkel’s management of the Euro crisis actually hinged on the architecture of non- political institutions, with fi...
March, 9 2016
C. Bastasin: ON THE BAIL-IN AND ITALY’S PUBLIC DEBT
The conflict between Rome and Brussels over the regulation of banks’ bail-in and public budget flexibility is a conseq...
February, 18 2016
C. Bastasin: ON MARINE LE PEN AND BANCA D’ETRURIA
The euro-crisis’ mismanagement has discredited the euro-area’s model of centralized economic governance, forcing the...
December, 9 2015
L. Codogno: ON THE ECB’S EXTENSION OF THE ASSET PURCHASE PROGRAMME (APP)
The European Central Bank’s press conference on 3 December 2015 included an announced extension of the asset purchase ...
December, 4 2015
S. Micossi: ON THE EUROPEAN COUNCIL MEETING WITH THE TURKISH DELEGATION
On Sunday, 29 November 2015, the European Council will meet a Turkish delegation led by prime minister Recep Tayyip Erdo...
November, 27 2015
S. Micossi: ON EUROPEAN COUNCIL CONCLUSIONS
The European Council conclusions yesterday include five points worth mentioning: 1. The Council has endorsed the main li...
October, 16 2015
C. Bastasin: ON THE GREEK VOTE
• Tsipras obtained a convincing margin of victory over New Democracy, just shy of an absolute majority. • The electi...
September, 21 2015
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Too early to declare victory against inflation – Interview with Christine Lagarde, President of the ECB, March 5, 2023
Read the interview...
March, 6 2023
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 1-2 February 2023 (March 2, 2023)
Get all the info...
March, 2 2023
Bringing inflation back to target – Interview with Christine Lagarde, President of the ECB – February 27, 2023
Read the transcript...
February, 27 2023
NextGenerationEU: Two years on since its adoption, the Recovery and Resilience Facility continues to be a central driver of the EU’s green and digital transformation – February 22, 2023
Read the press release...
February, 22 2023
Interview with Christine Lagarde, President of the ECB – February 20, 2023
Watch the interview...
February, 20 2023
Winter 2023 Economic Forecast: EU economy set to avoid recession, but headwinds persist – February 13, 2023
Read the press release...
February, 13 2023
Opening remarks by President von der Leyen at the joint press conference with President Michel following the special meeting of the European Council of 9 February 2023
Read the statement...
February, 10 2023
The battle against inflation is not over yet – Interview with Luis de Guindos, Vice-President of the ECB – February 8, 2023
Read the interview...
February, 9 2023
ECB Press Conference – February 2, 2023
Get all the info...
February, 6 2023