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.
P. Nicolaides: State Aid to Combat Covid-19
This paper examines the state aid measures that Member States have implemented to combat the economic effects of covid-1...
April, 4 2020
C. Bastasin: The rationale behind the Italian-German rift
Acrimony among European states is getting harsher today than during the euro crisis a decade ago, jeopardizing the integ...
March, 31 2020
C. Bastasin, L. Bini Smaghi, M. Messori, S. Micossi, P. C. Padoan, F. Passacantando, G. Toniolo – ITALY’S RESPONSE TO THE HEALTH CRISIS: THINKING TODAY ABOUT THE COUNTRY’S FUTURE
An unprecedented crisis is unraveling before our eyes. The damage caused to people’s and business’ economic viabilit...
March, 27 2020
M. Messori – The current European debate on fiscal policy: Too much and too little
In the last two weeks the European Central Bank (ECB) decided to launch new LTRO and T-LTRO programs to ensure liquidity...
March, 23 2020
S. Micossi, F. Peirce: Overcoming the gridlock in EMU decision-making
The completion of EMU, and banking union as its critical component, requires that certain taboos in the policy debate ar...
March, 17 2020
I. Angeloni: ECB should turn to supervisory forbearance
The European Central Bank under Christine Lagarde, its new president, must decide at its governing council meeting on 12...
March, 15 2020
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
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.
A. Cardaci, F. Saraceno: Inequality, Financialisation and Credit Booms: a Model of Two Crises
We develop a macroeconomic model with an agent-based household sector and a stock-flow consistent structure, in order to...
February, 11 2016
F. Saraceno, R. Tamborini: How can it work? On the impact of Quantitative Easing in the Eurozone
How can the quantitative easing (QE) programme launched in March 2015 by the ECB be successful in the Eurozone (EZ)? Wha...
February, 1 2016
P. Schlosser – ‘Tightening the knot’: strengthening fiscal surveillance in EMU during the euro crisis
One of the key regularities which appeared to hold so far in European integration is that the closer a policy issue lies...
November, 30 2015
P. Canofari, M. Messori: Exit Risks and Contagion in the Euro Area
This paper aims to assess the possible impact that the depreciation of a common currency can have on the stability of th...
November, 20 2015
F. Landini, A. Arrighetti, A. Lasagni – Economic Crisis and Firm Exit: Do Intangibles Matter?
The crisis in the Euro area has caused several business closures, especially in the EMU periphery. In this paper we use ...
November, 15 2015
G. Bruzzone, M. Cassella, S. Micossi: The EU Regulatory Framework for Bank Resolution
The financial crisis of 2008-09 and the ensuing sovereign debt and banking crises within the eurozone exposed the presen...
October, 31 2015
F. Balassone, M. Committeri – Europe and the IMF: nec sine te, nec tecum …
As the sovereign debt crisis burst in 2010, the European Union lacked both the instruments and the expertise to manage t...
June, 21 2015
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
Europe: Facts & Docs
This section contains policy documents, meeting summaries and news that come directly from the EU institutions.