5. EU Policy

Slides for my keynote speech at the Florence EUI conference; "The Future of Regulation and Competitiveness in Europe – Making the Draghi Report Actionable" 

Florence May 5, 2025.

Let Banks Compete: Digital Money’s Challenge to Europe’s Protected Banking Model

Chapter 8 in Finishing the Job and New Challenges, 

Michael D. Bordo, John H. Cochrane, and John Taylor, editors, Hoover University Press, Forthcoming. (Prepublication PDF)

Strategic autonomy for Europe requires economic growth

in Gensler, G, S Johnson, U Panizza and B Weder di Mauro (eds), 

The Economic Consequences of The Second Trump Administration: A Preliminary Assessment, 

CEPR Press, Paris & London, 2025. (Ungated VoxEU link).

After Four Crises, the Euro Needs Clearer Boundaries between Fiscal and Monetary Policy

(with John C. Cochrane) 

Chapter 2 in Getting Global Monetary Policy back on Track  

Edited by Michael D. Bordo, John H. Cochrane, and John Taylor, editors, Hoover University Press, 2025.

How an international agreement on methane emissions can pave the way for enhanced global cooperation on climate change, 

with Kimberley Clausing and Catherine Wolfram 

PIIE  Policy Brief, 23-7, July 2023.

Global Economic Consequences of the War in Ukraine: Sanctions, Supply Chains and Sustainability

Garicano, L, D Rohner and B Weder di Mauro (eds) (2022),

CEPR Press, Paris & London.

Combining environmental and fiscal sustainability: A new climate facility, an expenditure rule, and an independent fiscal agency

Lead column on the VoxEU debate on EU economic policy and architecture after Covid.

Luis Garicano / 14 Jan 2022

Why do we need a Carbon Border Adjustment Mechanism? Towards the development of a Climate Club

by Luis Garicano and María Fayos, October 2021, 

in No Brainers and Low-Hanging Fruit in National Climate Policy, 

Edited by Francesco Caselli, Alexander Ludwig, Rick van der Ploeg, CEPR, 08 October 2021.

The Covid 19 Bazooka for Jobs in Europe 

in Mitigating the COVID Economic Crisis: Act fast and do whatever it takes, 

edited by Richard Baldwin and Beatrice Weder di Mauro, March 2020.  (VoxEU ungated copy)

Towards a feasible Carbon Border Adjustment Mechanism. 

Luis Garicano

Paper presenting the European Parliament’s Proposal – 2020/2043 (INI): “Towards a WTO-compatible EU carbon border adjustment mechanism”.

Two Proposals to resurrect the Banking Union: the Safe Portfolio Approach and the SRB+

Luis Garicano

CEPR Policy Insight N. 108, November 2020

ESBIES

Brunnermeier, M.K., Garicano, L., Lane, P.R., Pagano, M., Reis, R., Santos, T., Thesmar, D., Van Nieuwerburgh, S. and Vayanos, D., 2016. The sovereign-bank diabolic loop and ESBies. American Economic Review, 106(5), pp.508-512. 

A proposal for a new type of safe bond in Europe that allows to eliminate flight to safety without involving joint liability.