Pietro Galeone

On 20 October 2025, Bocconi University hosted the event “The EU’s Anti-Poverty Strategy: Evaluation and Next Steps”, jointly organized with European Commission’s Directorate-General for Employment, Social Affairs and Inclusion (DG EMPL). This policy brief collects and synthesizes the main materials from the event. Prepared by Pietro Galeone and Federica Maria Raiti.

While economic theory and empirical evidence on human capital affirm the positive effects of education and training on productivity and economic growth, there is a tendency to treat skills enhancement as a universal remedy for labor market inefficiencies. A Policy Brief by Pietro Galeone

Why a binding minimum income must anchor the EU’s anti-poverty strategy. A commentary by Pietro Galeone.

"I live in Milan, I vote for Europe." This is the name of the initiative through which the Municipality of Milan, the European Parliament, and the Institute for European Policymaking at Bocconi University worked together to chat with Milanese residents about Europe.

C’è una sorta di meccanismo “Comma 22” che alle elezioni europee si declina così: i giovani sentono la politica come distante dai loro problemi e per questo votano meno, ma proprio perché votano meno la politica dà loro meno peso. Come si risolve?

Without a serious change in the regulations, or a substantial investment in the bureaucratic capacity and the infrastructure for migrants, Dublin is bound to be more real on paper than in practice and many ports of entry are likely to remain in a constant state of emergency.

The EU Commission struggles to reconcile scarcity of funding, sustainability goals and the consensus of small farms. A commentary by Pietro Galeone, and Federica Maria Raiti

The shared opposition of environmentalists and farmers to the EU-Mercosur trade deal reflects concerns about economic liberalization at the expense of ecological and social equity. A commentary by Pietro Galeone, Joseph Christopher Proctor, Romain Svartzman

Over 93 million people in the EU remain at risk of poverty or social exclusion in 2024, underscoring the urgent need for stronger social protection. While minimum income schemes remain a vital tool in combating poverty, significant reforms are needed to ensure they fulfil their intended role effectively.

The fight against poverty is not a new one. It has been a feature of national policies and academic research for many decades. However, the ways in which a State fights against poverty have changed over time, continuously evolving to approach new challenges through the adoption of new tools and policies.

​​​​​​In the discussion on monetary policy in the presence of supply shocks, we focus on the Euro area to understand the recent wave of inflation.

Our starting point was the stark increase in non-energy price inflation, which is the key element for the ECB since monetary policy cannot do anything about energy prices. Could the ECB have foreseen this development? Our analysis suggests that this would have been difficult based on past experience. 

Inflation rates in the euro area and US increased sharply in 2022, in part following large energy price shocks. This column analyses the pass-through from energy prices to core inflation since the 1970s for the US and Germany. It shows that this pass-through is not constant over time, but time-varying. Pass-through from energy to inflation during the 1970s was high in the US, but not in Germany. Both countries experienced high pass-through in 2022, but this has declined in the most recent quarters, consistent with a return to more normal inflation dynamics.

The US and the euro area have similar headline inflation rates, but very different drivers. In the US, inflation is mainly driven by housing costs. By contrast in the euro area energy now provides an important negative element, that is offset to a large extent by still increasing food prices