Reports

Integrating Climate Mitigation and Biodiversity Protection Considerations into the Treatment of Sovereign Bonds in the ECB’s Collateral Framework. A IEP Bocconi report, in collaboration with WWF Greening Financial Regulation Initiative and LSECETEx.   

The low-carbon transition will reshape energy systems, production processes and consumption patterns. While decarbonisation supports long-term price stability by reducing climate-related supply shocks and fossil fuel price volatility, the policies needed to drive it may generate short- to medium-term inflationary pressures that conventional monetary frameworks are ill-equipped to handle.This report explores these trade-offs and proposes a revised institutional architecture to ensure strategic consistency between monetary and fiscal policy.A report by Andrew Jackson, Romain Svartzman, David Barmes, Luiz Awazu Pereira da Silva

This report, prepared by a Reflection Group convened by the Institute for European Policymaking at Bocconi University comprising representatives from a broad range of financial institutions and other experts, proposes a two-pronged strategy to improve the functioning of European capital markets. Its aim is to contribute to the plans being developed by the European Commission to launch a Savings and Investment Union (SIU). 

Europe is aging rapidly as rising life expectancy and low fertility reshape its demographic structure, challenging welfare systems, labor markets, and intergenerational balance. France, Germany, and Italy face this shift differently, but longer, healthier lives are also fueling a “second adulthood” and the growth of the Silver Economy. Their ability to adapt will determine whether aging becomes a source of resilience and shared progress.

Since the start of Horizon 2020, the EU budget has provided about €100 billion to support research and innovation. But this seems to have had little impact.Any new Framework Program should focus on funding ideas, not companies. They key is not more money, but rather leaving space for disruptive innovation by encouraging bottom-up initiatives, especially by small independent companies.

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 Report includes two papers: "Market Making as Crisis Management A History of the 1985 White Paper" by Grace Ballor and "1985: SIGN OF THE TIMES" by Andrea Colli.

This report focuses on how the EU can manage global trends in the digital ecosphere, with a particular emphasis on the rules that it has set to govern relationships between platforms and businesses. Report Coordinator Francesco Decarolis.

Through its missions and governance, Horizon Europe does not meet the innovation challenge and anchors our industry in the mid-tech range. This report argues that current European efforts, while laudable, are insufficient, in both quantity and quality. Important reforms are required to enable Europe to compete in the value-creating space.

The economic transformation required to reach global net zero goals relies on the mining and transformation of certain minerals and metals for the production of low-carbon technologies. Increasing global demand for these critical materials, combined with their uneven geographical distribution, raise potential supply issues that pose economic security and transition risks for the European Union.

The main finding is that at the peak of the latest tightening cycle, the ECB monetary policy stance was no more restrictive than it was at the peak of the two preceding ones; actually, probably less.  In-Depth Analysis by Ignazio Angeloni. 

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.  A co-brended Policy Brief by Pietro Galeone and Luca Privinzano.