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Policy Brief: Is Europe Ready for Further Political Integration?

To understand the feasibility of further integration, we study the extent and evolution of cultural and policy views heterogeneity in Europe leveraging international survey data. We calculate the distribution of cultural and policy views distance bot...

Do We Trade Too Much or Do we Tax Carbon too Little?

The reduction in trade needed to achieve our climate ambitions would be out of reach. Border Carbon Adjustment is the way to go, but leakages remain sizeable.

Monetary Policy in the COVID Era and Beyond: the FED vs the ECB

Federal Reserve monetary policy has been more expansionary than the one predicted by the rule until the second quarter of 2022, then this tendency was reversed. The evidence is very different for the case of the Euro area, where the observ...

Why is the ESM so Controversial Only in Italy? A conversation with Klaus Regling

The former managing director of the ESM discusses the long-term consequences of the Euro crisis and its aftermath.

Italy & Europe, Why Greeks Had no Hurdles in Approving the Modified ESM

The ratification of the modified ESM treaty by the Greek parliament took place easily, and smoothly, without the usual political tensions. The text was submitted to the plenary on the 28th of June 2021 and a week later, on July 6th, it was adopted by...

Policy Brief: The Banking Union, Ten Years After

Even though European banks do have solid Basel ratios, their profitability is insufficient to make them attractive for investors. This suggests that – from the market’s perspective - the system may not be as sound and stable as regulators believe

Monetary Policy and Financial Stability

A lecture by Isabel Schnabel, Member of the Executive Board, European Central Bank, who will speak about "Has the fight against inflation been won?"

CBAM and the Global South, The Unintended Consequences of the EU’s Carbon Pricing System

Global South countries will struggle to deal with unintended consequences of the EU carbon pricing scheme: they are being asked to limit additions to the stock of carbon from now on. This is without any significant financial transfers, or, more impor...

Schubert Katheline

Katheline Schubert

Katheline Schubert is a Professor at University Paris 1‐Panthéon‐Sorbonne and holds an associate chair at Paris School of Economics. She is a CESifo research fellow, and co‐director of the Globalization, development and environment program at CEPREMAP. She is a member of the French High Council for Climate and the French Economic Council for Sustainable Development. She is also past‐president of the French Economic Association. Her research interests are in environmental economics, natural resources economics, dynamic macroeconomics and sustainable growth. Her most recent works are on climate economics and on energy transition. She has published on these topics in many academic journals, among which the American Journal of Agricultural Economics, the Energy Journal, the Journal of Economic Theory, the Journal of Mathematical Economics, the Journal of Environmental Economics and Management, the Journal of Economic Dynamics and Control, the Journal of Public Economic Theory. She graduated from Ecole Centrale Paris and earned her PhD in economics from University Paris 1‐ Panthéon‐Sorbonne.

Breschi Stefano

Stefano Breschi

Stefano Breschi is Professor of Applied Economics and Director of the Invernizzi Center for Research on Innovation, Organization, and Strategy (ICRIOS) at Bocconi University. He obtained his PhD from the University of Pavia, and his MSc degree from MERIT, University of Maastricht.