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.

V. Meliciani, M. Pini – Digitalization and productivity in Italy: Opportunities and risks of the NRRP

Next Generation EU is an important opportunity for Italy to relaunch its growth and productivity in discontinuity with t...

July, 28 2021

L. Bini Smaghi – The new ECB Strategy: What will change?

On 8 July 2021 the ECB published its new Monetary Policy Strategy. Following the announcement, it is legitimate to ask w...

July, 26 2021

S. Micossi: La riforma del Patto di stabilità e crescita

Queste brevi note offrono qualche spunto che spero utile sulla discussione in corso sulla revisione del Patto di stabili...

June, 16 2021

C. Bastasin, L. Bini Smaghi, S. De Nardis, C. De Vincenti, V. Meliciani, M. Messori, S. Micossi, P. C. Padoan, G. Toniolo: Three conditions for the Italian reforms’ success

The Italian government’s programs for changing the inertia of the country’s economy are well founded. After thir...

June, 14 2021

C. Bastasin: A rearview mirror mentality wrapped in a small-country syndrome

A year ago, the European Union reached its Hamiltonian moment. The sense of human solidarity in the face of death and th...

May, 31 2021

F. Passacantando: Could a digital currency strengthen the euro?

The introduction of a digital euro could transform not only the way European citizens will make pay- ments in the future...

May, 5 2021

V. Termini – The risk of inflation cannot be our priority: The effect’s of Biden’s economic policy

Today we are going through a deep economic crisis, different from the ones that we were accustomed to. It was brought on...

April, 22 2021

G. L. Tosato – Common debt: NextGeneration is not the first case

The feared judges in Karlsruhe will soon have to rule on the constitutionality in Germany of the planned issue of Eurobo...

April, 11 2021

C. Bastasin – The Draghi Government: The Europe factor in investor choices

The start of the Draghi government is surrounded by a high level of uncertainty. The climate in which the economic polic...

March, 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.

P. Benigno, P. Canofari, G. Di Bartolomeo, M. Messori: Theory, Evidence, and Risks of the ECB’s Asset Purchase Programme

In response to the COVID-19 crisis, the ECB has relaunched a massive asset purchase programme within its combined-arms m...

October, 2 2020

L. Codogno, P. van den Noord: Going fiscal? A stylised model with fiscal capacity and a Eurobond in the Eurozone

The paper shows that the introduction a Eurobond together with fiscal capacity at the centre would produce macro-stabili...

April, 9 2020

G. Galli: The reform of the ESM and why it is so controversial in Italy

Key Points The draft reform of the European Stability Mechanism (henceforth ESM) was not approved as scheduled at the Eu...

April, 8 2020

G. Bonaccolto, N. Borri, A. Consiglio: Breakup and Default Risks in the Eurozone

Since the burst of the sovereign debt crisis, investors perceive the concrete possibility of a breakup of the Eurozone. ...

March, 11 2020

P. Reichlin – the GIIPS Countries in the Great Recession: Was it a Failure of the Monetary Union

Drawing from the debate between the “German” and the “Keynesian” views about the reason for the Euro Area slow r...

February, 28 2020

P. C. Padoan – Growth in Europe: Notes for a policy agenda

This paper discusses topics related to the growth mechanism in Europe, and specifically in the eurozone. It looks at the...

December, 1 2019

M. Messori: The flexibility game is not worth the new ESM

The reform of the Treaty Establishing the European Stability Mechanism (ESM) broadens the functions of this mechanism so...

October, 25 2019

P. Canofari, G. Di Bartolomeo, M. Messori: Sovereign debt crisis, fiscal consolidation, and active central bankers in a monetary union

In this paper we examine global financial instability and its impact on the sovereign debts of peripheral countries in a...

October, 2 2019

M. Messori: The inevitable evolution of European financial markets

In the decades preceding the 2007-2009 international financial crisis and the related ‘doom loop’ between the Europe...

September, 20 2019

Five Bullets

Europe: Facts & Docs

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

Decisions taken by the Governing Council of the ECB (in addition to decisions setting interest rates) – December 2, 2022

Read the press release...

December, 6 2022

Conference on the Future of Europe: citizens demand more from the EU – December 2, 2022

Read the press release...

December, 5 2022

Speech by Christine Lagarde, President of the ECB, at the Hearing of the Committee on Economic and Monetary Affairs of the European Parliament – November 28

Read the transcript...

November, 29 2022

European Commission – Building an economic governance framework fit for the challenges ahead, November 9

Read the press release...

November, 21 2022

Monetary policy in a new environment – Speech by Christine Lagarde, President of the ECB, at the European Banking Congress, November 18

Read the transcript...

November, 21 2022

Statement by Commission President von der Leyen at the G20 Summit session on food and energy security, November 15

Read the transcript...

November, 16 2022

ECB Financial Stability Review, November 2022

The Financial Stability Review provides an overview of potential risks to financial stability in the euro area. It aims ...

November, 16 2022

COP27: EU calls on all Parties to take concrete steps to limit global warming to 1.5°C and respect the Paris Agreement – November 4

Read the press release...

November, 9 2022

Monetary policy in a high inflation environment: commitment and clarity – Lecture by Christine Lagarde, President of the ECB, organised by Eesti Pank and dedicated to Professor Ragnar Nurkse – November 4

Read the transcript...

November, 7 2022


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