Policy
Check out the initiatives of the Pierre Werner Chair programme and THE EMU LAB at the EUI
The first 25 years of the euro: A bird's-eye view, with Marco Buti. Text of the CEPR Policy Insight. Podcast.
The Making of the European Monetary Union: 30 years since the ERM crisis, edited by Giancarlo Corsetti Galina Hale Beatrice Weder di Mauro 20 Feb 2023
A text for the IMF Finance and Development 2023: Rethinking Monetary Policy in a Changing World An unconventional collaboration
The Making of the European Monetary Union: 30 years since the ERM crisis, edited by Giancarlo Corsetti Galina Hale Beatrice Weder di Mauro 20 Feb 2023
Column: The trauma of the European currency crises in the 1990s and the consequences until today, by Giancarlo Corsetti Galina Hale Beatrice Weder di Mauro, voxeu 2023
Voxeu columns reports and ebooks
International policy coordination during disinflation, Giancarlo Corsetti Riccardo Trezzi, voxeu.org 16 Feb 2023
Shifts in expectations may undermine debt sustainability, Giancarlo Corsetti Lorenzo Codogno voxeu.org 3 Nov 2022
When flexible exchange rates don’t insulate economies from external shocks, Sebastian Schmidt Keith Kuester Gernot Müller Giancarlo Corsetti voxeu.org 27 Jan 2021
Bartsch, E, A Bénassy-Quéré, G Corsetti, and X Debrun (2020), It’s all in the mix: how can monetary and fiscal policies work or fail together?, Geneva Report on the World Economy, No 23, ICMB and CEPR
Stronger together? The policy mix strikes back, Elga Bartsch, Agnès Bénassy-Quéré, Giancarlo Corsetti, Xavier Debrun, voxeu.org 15 December 2020
Economic and Epidemiological Effects of Mandated and Spontaneous Social Distancing, Martin Bodenstein, Giancarlo Corsetti and Luca Guerrieri, Feb 24 2021
Social distancing and supply disruptions in a pandemic, Martin Bodenstein, Giancarlo Corsetti, Luca Guerrieri, Voxeu.org 12 June 2020
Using perpetual bonds to finance the European Recovery Fund, Voxeu.org with Aitor Erce, Antonio Garcia Pascual, 14 May 2020 Media coverage
Make sure the ESM’s pandemic crisis support is fit for purpose!, voxeu.org, with Aitor Erce, 29 April 2020
COVID-19 economic crisis: Europe needs more than one instrument, Agnès Bénassy-Quéré, Giancarlo Corsetti, Antonio Fatás, Gabriel Felbermayr, Marcel Fratzscher, Clemens Fuest, Francesco Giavazzi, Ramon Marimon, Philippe Martin, Jean Pisani-Ferry, Lucrezia Reichlin, Hélène Rey, Moritz Schularick, Jens Südekum, Pedro Teles, Nicolas Véron, Beatrice Weder di Mauro, 05 April 2020
COVID-19 crisis, the dollar, and capital flows, Voxeu column with Emile Marin, 03 April 2020
Voxeu Column The euro crisis in the mirror of the European Monetary System, Corsetti, Barry Eichengreen, Galina Hale, Eric Tallman, 15 February 2019
Voxeu Column Official Lending and debt sustainability in the euro area, Giancarlo Corsetti, Aitor Erce, Timothy Uy, 13 February 2019
Ebook: The EMU after the Euro Crisis: Lessons and Possibilities - Findings and proposals from the Horizon 2020 ADEMU project, May 2018
Business cycle stabilisation in the Eurozone, Giancarlo Corsetti, Luca Dedola, Marek Jarociński, Bartosz Mackowiak, Sebastian Schmidt, voxeu.org 23 October 2017
In a Great Recession, the case for flexible exchange rates is alive and well a voxeu.org column by Giancarlo Corsetti, Gernot Müller, Keith Kuester, 16 September 2017
Reinforcing the Eurozone and protecting an open society, Corsetti, Reis, Weder di Mauro, Rey, Reichlin, Feld, Koijen Reinforcing the Eurozone and Protecting an Open Society, voxeu.org on Monitoring the Eurozone 2, CEPR, May 2016
The pound and the macroeconomic effects of Brexit, Giancarlo Corsetti, Gernot Müller, voxeu.org 18 June 2016
COEURE Survey: Fiscal and Monetary Policies after the Crises, with Charles Brendon, forthcoming in Richard Blundell, Estelle Cantillon, Barbara Chizzolini, Marc Ivaldi, Wolfgang Leininger, Ramon Marimon, Laszlo Matyas (eds) and Tessa Ogden and Frode Steen (coordinators) Economics without Borders - Economic Research for European Policy Challenges, Cambridge University Press 2016
A chapter in the New VoxEU eBook: How to fix the Eurozone, edited by Richard Baldwin, Francesco Giavazzi, 12 February 2016
Monetary dimensions of comparative advantage Paul Bergin and Giancarlo Corsetti, 11 January 2016
A report for the Fiscal Council of Sweden Fiscal Multipliers: Lessons from the Great Recession for Small Open Economies (Giancarlo Corsetti and Gernot Mueller) Link to the page with slides and comments by Steinar Holden (University of Oslo).
The first MEZ, Monitoring Eurozone, report: A New Start for the Eurozone: Dealing with Debt by Giancarlo Corsetti, Lars P Feld, Philip R. Lane, Lucrezia Reichlin, Hélène Rey, Dimitri Vayanos, Beatrice Weder di Mauro
EZ Crisis: A consensus narrative, Voxeu.org 20 November 2015
The Eurozone Crisis: A Consensus View of the Causes and a Few Possible Solutions edited by Richard Baldwin, Francesco Giavazzi 07 September 2015 Roots of the Eurozone crisis: Incomplete development and imperfect credibility of institutions
Consumption and transfers: Evidence from Italian earthquakes, Antonio Acconcia, Giancarlo Corsetti, Saverio Simonelli, 14 August 2015
Lessons from Cyprus that did not make it to Greece, Anil Ari, Giancarlo Corsetti, Andria Lysiotou, 10 August 2015
Is the euro a foreign currency to member states? with Luca Dedola
Current-account rebalancing and international transfers (immaculate or not) with Philippe Martin and Paolo Pesenti, January 31 2013
Has austerity gone too far? A new Vox Debate, April 2 2012
Liquidity support is essential for supporting reforms in the Eurozone interview
The Future of the Euro and the Euro Bond Market: A Proposal, joint with Hashem Pesaran, voxeu, January 9, 2012
Sovereign risk, macroeconomic instability, Giancarlo Corsetti, Gernot Müller , 12 August 2011.
What is the size of the fiscal multiplier? An estimate you can’t refuse, with Antonio Acconcia and Saverio Simonelli, Voxeu April 4 2011
Fiscal consolidation as a policy strategy to exit the global crisis Voxeu, July 7 2010
The 'original sin' in the euro area, May http://voxeu.org/article/eurozone-s-original-sin
After the stimulus, the big retrenchment joint with Meier and Mueller, www.voxeu.org, Feb 5 2010.
On the IMF vs EMF debate in Europe: a piece with Harold James for the FT
The effectiveness of fiscal policy depends on the financing and monetary policy mix, with Gernot Mueller, www.voxeu.org, November 12 2008
The $2 trillion dollar question: How about US demand and output with Panagiotis Konstantinou, www.voxeu.org, February 18 2009
A disturbing déjà vu: the controlled slide in (consensus) forecasts www.voxeu.org, March 2 2009
The rediscovery of fiscal policy, www.voxeu.org, February 2008
The anatomy of dollar deprecation www.voxeu.org, November 2007
Other reports
2015 Report to the Swedish Fiscal Council on Fiscal Multipliers
EEAG Annual Report on the European Economy 2001-2012
A 2011 Wharton-EUI e-book: Life in the eurozone: with or without default?, a Wharton-EUI e-book, edited together with Franklin Allen and Elena Carletti, under the auspices of the Pierre Werner Chair Programme for Monetary Union at the European University Institute, and part of the project ‘Politics, Economics and Global Governance: The European Dimensions’ (PEGGED) funded by the European Commission under its Seventh Framework Programme for Research (Collaborative Project), 2011
The Festival of Europe, promoted by the European University Institute. May 2011 (Photo Studio Lauria)