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The Global Race to Regulate AI: Biden’s Executive Order Spillover Effects on the EU AI Act

On October 30, 2023, the Biden Administration issued the Safe, Secure and Trustworthy Development and Use of Artificial Intelligence Executive Order 14110, which marks a key development in the global race to regulate AI

The ECB and the TPI: How to Measure the Fragmentation Risk in the Eurozone Sovereign Bond Market

We use the pricing mechanism of perpetual loans by our proposed European Debt Agency to determine a dynamic yield corridor that captures idiosyncratic risk and filters liquidity risk.

Policy Brief n.6 - Are Central Banks behind the curve (again)?

There is no doubt that monetary policy reacted late to the rising inflationary pressures experienced in 2021-22. The major central banks subsequently caught up rapidly and hiked interest rates at an unprecedented pace. However, as inflation reached i...

Ferrera Maurizio

Maurizio Ferrera

Maurizio Ferrera is Professor of Political Science at the Department of Social and Political Sciences of the University of Milano, as well as founder and President of NASP (Network for the Advancement of Social and Political Sciences), a consortium for doctoral training schools. He holds a Ph.D. in Political Science from the European University Institute, where he later returned as Visiting Schuman Professor and as Director of the European Forum. He currently sits in the Scientific Committee of the Centre d’Etudes Europeennes at Sciences Po, in the Committee of the Skytte Prize in Political Science (Upssala University) and is a corresponding member of the Istituto Lombardo di Scienze e Lettere. In 2021 the International Political Science Association awarded to Maurizio Ferrera the “Mattei Dogan” prize for High Achievement in Political Science.

Ferrera has mainly worked on welfare states and European integration. His latest book is Politics and Social Visions. Ideology, Conflict and Solidarity in the EU. Since 2004 he has been a columnist of Il Corriere della Sera.

How Differentiated Integration Can Help the EU to Survive the Next Enlargement

The EU should be ready to offer candidate countries at least participation in the single market, partial access to the EU's budget, and observer status in EU institutions by 2030.

Measuring Term Premia for the Euro Area - Updated Version

The dynamics of nominal government bond yields at different maturities play a central role in shaping the response of the real economy to monetary and fiscal policy interventions. Yields can be decomposed into two unobservable components: the sequenc...

Is the EU Strategic Autonomy Consistent with Development Goals?

We identify specific industrial products that are projected to be in high demand in the EU and can be realistically produced given North African countries’ existing capabilities. Specializing in these products, North African countries can diversify t...

Fernandez-Fuertes Ruben

Ruben Fernandez-Fuertes

Rubén Fernández-Fuertes, a doctoral candidate in Finance at Bocconi University, has an academic background enriched by a Bachelor of Science in Mathematics from Universidad Autónoma de Madrid, and a Master of Science in Mathematical Finance from the University of Manchester. As of 2023, his research endeavors are distinct and diverse, covering monetary policy, macro-finance, and green decentralized finance (DeFi).

The Last Mile of Disinflation Might not be that Difficult

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...

Why the European Union Needs Big European Banks to Be Bigger

If the European Union wants to have a global economic weight, it must equip itself with great European banking champions capable of attracting capital globally and able to support Europe as a development platform.