Publications
Economic analysis and policy recommendations based on rigorous academic underpinnings
Publication list
Policy brief
20 May 2020
The European Central Bank in the COVID-19 crisis: whatever it takes, within its mandate
To keep the euro-area economy afloat, the European Central Bank has put in place a large number of measures since the beginning of the COVID-19 crisis
Policy brief
13 May 2020
Rebooting Europe: a framework for a post COVID-19 economic recovery
COVID-19 has triggered a severe recession and policymakers in European Union countries are providing generous, largely indiscriminate, support to comp
Policy brief
13 May 2020
The European Union’s post-Brexit reckoning with financial markets
In the negotiations between the European Union and the United Kingdom over their future relationship, we see a high probability of a weak contractual
Blog post
07 May 2020
Risking their health to pay the bills: 100 million Europeans cannot afford two months without income
Nearly 100 million people in 21 EU countries do not have enough savings in their bank accounts to meet two months of basic expenses: food, utilities,
Blog post
07 May 2020
Banking regulation in the Euro Area: Germany is different
Despite progress in recent years towards a single banking policy framework in the euro area – a banking union – much of the German banking system has
Blog post
05 May 2020
The impact of COVID-19 restrictions on individual mobility
Distancing measures imposed by twelve European countries during the COVID-19 pandemics (a ban on holding public events, school closures, shop closures
Blog post
28 April 2020
The revived centrality of the G20
Much was expected from the meeting of G20 Finance officials earlier this month. In the event the meeting decided on a standstill of the poorest countr
Blog post
23 April 2020
COVID-19 is causing the collapse of oil markets: when will they recover?
This oil crisis will be solved only by a pick-up in global oil demand, once lockdowns are lifted and the economy is restarted.
Blog post
22 April 2020
Facts, not words: the EU role in the de-confinement phase
The EU should be modest, but not shy. As far as public health is concerned, it is not in the driving seat and there is no reason to pretend it should
Blog post
22 April 2020
EU debt as insurance against catastrophic events in the euro area: the key questions and some answers
European Union debt can provide comprehensive insurance against the COVID-19 pandemic and can enable a macroeconomic response, even though EU debt is
Policy brief
21 April 2020
Racing against COVID-19: a vaccines strategy for Europe
This Policy Contribution proposes a staged support scheme to tackle the COVID-19 vaccine challenge and a moon shot programme to meet the challenge of
Blog post
16 April 2020
Is the United States reneging on international financial standards?
The new Fed rule is a material breach of Basel III, a new development as the US had hitherto been the accord’s main champion. This action undermines t
Blog post
14 April 2020
EU trade in medical goods: why self-sufficiency is the wrong approach
As countries are struggling with the COVID-19 pandemic, shortages in medical equipment led to EU export controls and war-time like procurement of resp
Blog post
08 April 2020
COVID-19: The self-employed are hardest hit and least supported
Self-employed workers are hardest-hit by COVID-19 lockdowns. Yet they often receive less government support than salaried employees. Is the disparity
Blog post
07 April 2020
Social distancing: did individuals act before governments?
Using online searches for restaurants as a proxy to assess whether and to what extent individuals were practicing social distancing before strict lock
Blog post
06 April 2020
A green recovery
Government policy faces various challenges. Before the COVID-19 outbreak, the European Union set ambitious targets to reduce carbon emissions. Now in
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