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.
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
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
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.
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
P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: The ECB’s Measures in Support of the COVID-19 Crisis
This paper illustrates and discusses the monetary policies activated in response to the COVID-19 crisis. We argue that t...
March, 4 2021
D. Di Cagno, A. Fabrizi, M. Marini, V. Meliciani: Knowledge networks in joint research projects, innovation and economic growth across European regions
This paper investigates the role played by the position of European regions in research networks on their rate of innova...
January, 31 2021
A. Franconi – Opening the Black Box of Austerity: Evidence from Fiscal Consolidation Plans
This paper explores the effects of austerity measures on labour markets and on income inequality and finds evidence of a...
January, 20 2021
Five Bullets
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.
Opening remarks by European Commission Executive Vice-President Dombrovskis at the press conference of the informal Foreign Affairs Council on Trade – October 31
Read the transcript...
October, 31 2022
ECB Press Conference – October 27
President Christine Lagarde and Vice-President Luis de Guindos explained the Governing Council’s latest monetary polic...
October, 31 2022
European Council, 20-21 October 2022 – Main Results
Get all the info...
October, 25 2022
Speech by President von der Leyen at the European Parliament Plenary on the preparation of the European Council meeting of 20-21 October 2022
Read the transcript...
October, 19 2022
Statement by Christine Lagarde, President of the ECB, at the forty-sixth meeting of the International Monetary and Financial Committee – October 14, 2022
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October, 19 2022
Speech by European Commission President Ursula von der Leyen at the EU Ambassadors Conference 2022 – October 12
Click here to read the transcript...
October, 14 2022
Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – September 26, 2022
Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of t...
September, 28 2022
Monetary policy in the euro area – Lecture by Christine Lagarde, President of the ECB, organised by Frankfurter Gesellschaft für Handel, Industrie und Wissenschaft – September 20, 2022
Read the transcript...
September, 21 2022
Energy prices: Commission proposes emergency market intervention to reduce bills for Europeans – September 14, 2022
Read the press release...
September, 14 2022
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