Policy Brief - The Fallacy of r – g The empirical evidence does not confirm the hypothesis that the public debt tends to be more stable in countries where the (real) interest rate is systematically lower than (real) growth. On the contrary. A Policy Brief by Lorenzo Bini Smaghi The Matchstick of Inflation Both in the U.S. and Europe, the excess liquidity created over past decades has been only partially reabsorbed. It remains ready to fuel inflation if a matchstick is struck. A commentary by Franco Bruni The Geopolitics of Trump’s Inauguration Speech The geopolitical references in the inaugural address of the new US President are striking because they align closely with the concept of “classic geopolitics”—a vision of politics and international relations as an aggressive, zero-sum game. A commentary by Andrea Colli Trump 2.0, The EU-US Relationship at a Crossroads Much of the impact of the new Trump Administration on Europe will depend on how the balance of power within the US plays out between the President and key corporate leaders, of Big Tech in particular. A commentary by Mario Monti Ukraine Refugees: From Temporary Protection to Encouraging Return to Support the Ukrainian Economy While the reconstruction of Ukraine is often envisioned to happen after the war, rebuilding the Ukrainian manufacturing sector should commence now. A commentary by Yuriy Gorodnichenko, and Daniel Gros IEP@BU Events WEBINAR 24/02/2025, 14:30 - 24/02/2025, 15:30 When Will Germany Be Back? Join us as we debrief the European implications of the German federal elections with Wolfgang Munchau (Eurointelligence, author of the book Kaput: The End of the German Miracle), Diana Pieper (Die Welt, IEP@BU Media Fellow), Stefano Feltri, (IEP@BU) WEBINAR 18/02/2025, 14:30 - 18/02/2025, 15:30 Deterrence, Diplomacy, and Risk of Conflict: the Taiwan Challenge for the EU What role can the EU play in a global deterrence strategy to prevent a conflict between the US and China over Taiwan? How might the EU effectively de-risk its relationship with the Taiwanese semiconductor industry? A conversation with Bill Emmott (author of the book Deterrence, Diplomacy, and the Risk of Conflict over Taiwan), Mariangela Pira (SkyTg24), and Stefano Feltri (IEP@BU) WEBINAR 30/01/2025, 14:30 - 30/01/2025, 15:30 Which EU Defense Spending to Address the War in Ukraine and Russia? A Conversation Based on the IEP@BU Policy Brief: Before Vegetius – Critical Questions for European Defense with Olesya Vinhas de Souza (NATO Defense Council), Andrea Gilli (University of St Andrews, and IEP@BU), Stefano Feltri (IEP@BU) WEBINAR 20/01/2025, 14:30 - 20/01/2025, 15:30 Trump is Back: What Future for the EU-US Relationship? On the inauguration day of Donald Trump’s second presidency, IEP@BU will host a digital event to discuss the findings of a recent Eupinions survey on the EU-US relationship and their implications. With Catherine De Vries (IEP@BU), Isabell Hoffmann (eupinions, Bertelsmann Stiftung), and Stefano Feltri (IEP@BU) IEP@BU Fellows Image Muxin Li Fellow Muxin is a postdoc at IGIER - Università Bocconi. Her primary research interest is Industrial Organization, with a special focus on the digital econom... Image Gianluigi Riva Fellow After work experience in different fields (Military, HR, Sales, Legal, Startup, Consulting) Gianluigi Riva applied his skills in Legal Strategy for Bu... Image Grace Ballor Fellow Grace Ballor studies the historical political economy of contemporary Europe, the role of business in European integration, and the evolution of globa... Image Letizia Mencarini Resident Fellow Letizia Mencarini is Full Professor of Demography at Bocconi University, at Department of Social and Political Science, Fellow at the DONDENA Center f... Image Arianna Vedaschi Fellow Arianna Vedaschi is Full Professor of Comparative Public Law at Bocconi University. Her research focuses on national security, counter-terrorism, and... Image Massimo Bordignon Non-resident Fellow Massimo Bordignon is currently full professor of Public Economics at the Catholic University of Milan. He worked as a consultant for several national ... Image Irene Agnolucci Fellow Irene's main research interests lie in EU State aid policy, gathering together law, economics and EU policies. Specifically, she aims to address the i... Image Gabriella Perotto Fellow Gabriella Perotto is currently a Postdoctoral Research Fellow in EU Law at BLEST (Bocconi Lab in European Studies – Bocconi University) and Adjunct Pr... Image Ronald Burt Fellow Ronald Burt's work describes social networks creating advantage for certain people and groups. In addition to computer software and research art... Image Oreste Pollicino Fellow Oreste Pollicino is Full Professor of Constitutional Law in Bocconi. He also teaches the courses on GDPR, Media Law, Internet Law and he is the Direct... Image Chiara Trabacchi Non-Resident Fellow Chiara Trabacchi is a manager within the Climate team of British International Investments, where she leads on the implementation of the organisation’... Image Pietro Galeone Post Doctoral Fellow Pietro Galeone is a researcher at IEP@BU and lecturer at Bocconi University. His research currently focuses on education and labor economics, youth po... Image Francesco Perrini Fellow Francesco Perrini is currently Associate Dean for Sustainability at SDA Bocconi School of Management, he is also responsible for Diversity, Equity and... Image Tito Boeri Fellow Tito Boeri is Professor of Economics at Bocconi University. He is Scientific Advisor of the Fondazione Ing. RODOLFO DEBENEDETTI (www.frdb.org), as wel... Image Franco Bruni Fellow Emeritus Professor, Department of Economics, Bocconi University; President, Institute for International Political Studies (ISPI); Member of the Board ... Image Ignazio Angeloni Non-Resident Fellow Ignazio Angeloni is a part-time professor at the European University Institute in Florence and a Senior Policy Fellow at the Leibniz Institute for Fin... Image Angelo Martelli Non-Resident Fellow Angelo Martelli is Assistant Professor in European and International Political Economy at the LSE European Institute. He worked as a Consultant for th... Image Claudio Tebaldi Fellow Claudio Tebaldi has been an Associate Professor at Bocconi University since 2011. He has held the National Qualification to Full Professorship in Quan... Image Giuseppe Corvino Fellow He is a professor of financial markets and institutions at Bocconi University, where he deals with investments, insurance, and pension funds topics. H... Image Alan Dashwood Non-Resident Fellow Alan Dashwood began teaching European Community Law in 1970 and have been specialised in it since the period he spent at the European Court of Justice... prev next DIBATTITI di GEOPOLITICA - WATCH THE SIXTH EVENT OF THE SERIES Remote video URL Geopolitics of Climate IEP@BU - EU Defense Industry and Policy Policy Brief: Defense Expenditure in EU Countries Much more work would be needed to quantify the potential savings from joint defense initiatives at the EU level. The available estimates, ranging from 20 to 100 billion, are not at all reliable. A Policy Brief by Carlo Cottarelli, and Lelouca Virgadamo Does the EU and its Member States try Harder than We Think? Cooperation between EU member states on issues of joint production and procurement is arguably less limited than IEP@BU Policy Brief by Cottarelli and Virgadamo suggests. A commentary by Stephanie C. Hofmann Why Need to Have a Clear Strategy When We Discuss Defense Expenditure Identifying the appropriate level of spending is difficult and there is not really any science about this. This is because different considerations play a role, including military strategy to political psychology. Andrea Gilli, and Mauro Gilli react to the recent IEP@BU Policy Brief Defense Expenditure in EU Countries The New Commission Needs a Strategy to Trump-Proof European Security If Trump is elected in November 2024, the security outlook of Europe could deteriorate very fast. It is therefore essential that the Commission and the forthcoming Defence Commissioner begin the policy planning and design well in advance. A commentary by Francesco Nicoli The Real Problem With the European Defense Industry The EU aerospace and defense companies invest in R&D as much as their US counterparts, with the primary difference being the size of the market, Daniel Gros, Philipp-Leo Mengel, Giorgio Presidente, and Jean Tirole argues Enrico Letta: Financing Europe's Leap Towards Defence Integration The European Union can only adequately tackle the intricate challenges of modernising its defence capabilities by exploring diverse financing mechanisms and integrating both public and private resources, Enrico Letta argues in his Much More than a Market report Time for a Real European Defense? Survey data suggest that recently announced EU Commission plans for a European Defence Strategy might lack ambition: western Europeans are unlikely to be enthused by half-backed compromises, Francesco Nicoli writes in a commentary Policy Brief - Before Vegetius: Critical Questions for European Defense n a more dangerous and unstable world, Europe must thus prepare for war to maintain peace and its security: as Vegetius noted, si vis pacem para bellum. However, increasing budgets is not enough if the EU does not address key strategic questions. A new website shows the roll-call votes in European Parliament by MEP, MEP, group, and country, going back to 2004. You can also download the data for free. By Simon Hix and Abdul Noury IEP@BU Newsletter Subscribe to receive IEP@BU updates, and participate in policy discussions Subscribe now IEP@BU is on Substack Subscribe to the IEP@BU Substack We are hiring! We have open opportunities for researchers to collaborate with IEP@BU fellows. 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