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.
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.
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
E. Avgouleas, S. Micossi – On selling sovereigns held by the ECB to the ESM: Institutional and economic policy implications
This paper follows up on a CEPS Policy Insight of October 2020, in which Stefano Micossi argued that the increase in sov...
March, 22 2021
P. Nicolaides: Unprecedented State Intervention
EU Member States have granted very large amounts of state aid to counteract the impact of the covid- 19 pandemic and the...
March, 3 2021
R. Perissich: Why the EU needs a common foreign policy (and what it would take to have one)
As a result of an ill-advised military intervention by some European countries, Libya has been in a state of bloody civi...
February, 28 2021
V. Termini – Europe on the move: First steps towards a multilateral global scenario
Europe is on the move on three fronts which, in combination, are leading towards a truly extraordinary scenario. At the ...
February, 24 2021
M. Messori – The Italian recovery and resilience plan: How to take advantage of an extraordinary opportunity
In the post-pandemic period, the success of “Next generation – EU” (NG-EU) is crucial for initiating a...
January, 4 2021
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.
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
C. Battiati, C. Jona-Lasinio, S. Sopranzetti: Productivity growth and global value chain participation in the digital age
This paper provides a comprehensive overview of the current productivity trends and their potential drivers in the Euro ...
September, 2 2019
C. Bastasin, M. Mischitelli, G. Toniolo: Living with high public debt, Italy 1861-2018
Since 1861, Italy’s public debt has been both high and sustainable. The paper reviews the history of the Italian debt,...
June, 17 2019
P. Canofari, A. Marcelletti, M. Messori: REDENOMINATION RISK AND BANK RUNS IN A MONETARY UNION WITH AND WITHOUT DEPOSIT INSURANCE SCHEMES
This paper develops a basic framework characterized by a monetary union in which a shock to the policy interest rate, to...
June, 1 2019
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.
Statement of the ECB Governing Council – June 15, 2022
On 15 June the Governing Council met to exchange views on the current market situation. Since the gradual process of pol...
June, 17 2022
ECB Press conference – June 9, 2022
Click here to get all the info...
June, 14 2022
The Commission presents the Draft Budget 2023 and the Annual Management and Performance Report for the EU budget for the 2021 financial year
The Commission has proposed an annual EU budget of €185.6 billion for 2023, to be complemented by an estimated €113....
June, 9 2022
Convergence Report reviews Member States’ preparedness to join the euro area and paves the way for Croatia’s euro adoption on 1 January 2023
The European Commission has concluded that Croatia is ready to adopt the euro on 1 January 2023, bringing the number of ...
June, 6 2022
Special meeting of the European Council (30 and 31 May 2022) – Conclusions
Click here to read the document...
June, 1 2022