ECB monetary policy after the disinflation
ECON Committee
US digital asset strategy and the European response
IN-DEPTH ANALYSIS Requested by the ECON committee Monetary Dialogue Papers, June 2025
FORTHCOMING BOOK: “MONEY IN CRISIS” (with Daniel Gros)
Cambridge University Press
Unpredictable Tariffs by the US: Implications for the euro area and its monetary policy
STUDY Requested by the ECON committee Monetary Dialogue Papers, March 2025
Assessing the ECB’s monetary policy stance by comparing tightening cycles
Prepared for the European Parliament’s Committee on Economic and Monetary Affairs.
Can Banking Union foster market integration, and what lessons does that hold for capital markets union?
Requested by the ECON committee
The Next Goal: euro area banking integration
Prepared for the European Parliament’s Committee on Economic and Monetary Affairs.
Banks, economic performance and inequality across US counties
Harvard Kennedy School
The Bank of England 25 Years on: Comparisons from across the Channel
Written evidence for the House of Lords inquiry on the Bank of England: Has independence worked?
Digital Euro: When in doubt, abstain (but be prepared)
Prepared for the European Parliament Economic and Financial Affairs Committee
Reversing the Great Monetary Expansion
Available here: Intereconomics.
The TPI: protecting the transmission mechanism or managing spreads?
Prepared for the European Parliament Economic and Financial Affairs Committee – Ignazio ANGELONI, EUI – Daniel GROS, CEPS – Farzaneh SHAMSFAKHR, CEPS
Some lessons from Covid-19 for the EU financial framework
Chapter in Holzmann, R and Restoy, F., editors, “Central Banks and Supervisory Architecture in Europe – Lessons from Crises in the 21st Century”. Edward Elgar Publishing. Available here >>
The Geography of Banks in the United States (1990-2020)
Ignazio Angeloni Johannes Kasinger Chantawit Tantasith
Non-performing loans: an old problem in a new situation
European Economy
Academic Refereed Journals
“Monetary policy and risk taking”, with E. Faia and M. Lo Duca, Journal of Economic Dynamics and Control, vol. 52(C), 2015. “Input-Output-based measures of systemic importance”, with I. Aldasoro, Quantitative Finance. 2014 “Exit strategies”, with E. Faia and R. Winkler, European Economic Review, vol. 70(C), 2014; “Capital regulation and monetary policy with fragile banks”, with…
Books
“Global Currencies for Tomorrow: A European Perspective”, with J. Pisani-Ferry et al., Bruegel Blueprint series 13, 2011 (supported by an EU Commission grant) “Monetary policy transmission in the euro area”, ed. with Benoît Mojon and Anil Kashyap, Cambridge University Press, 2003 “Background studies for the ECB’s evaluation of its monetary policy strategy”, ed. with O.…
Book Chapters
“Macro-prudential policy to contain systemic risk”; in The SSM at 1, ed. by J. Ulbrich, C.-C. Hedrich and M. Balling; SUERF, 2016 “Competition and state aid rules in the times of banking union”; in Financial Regulation, a Transatlantic Perspective, ed. by E. Faia, A. Hacketal, M. Haliassos and K. Langenbucher; Cambridge University Press, 2015 “European…
Working Papers and Occasional Papers
“Input-Output based measures of banks’ systemic importance”; 2014 (publication in progress) “A European approach to prudential policy”, Occasional paper, Central Banking, 2013 “Verso un’autoritá di vigilanza per l’area dell’euro”, Working Paper, Federazione delle Banche, della Assicurazioni e della Finanza, 2013 “The G20: characters in search of an author”, with Jean Pisani-Ferry, Bruegel Working paper 714…
Harmonising banking rules in the Single Supervisory Mechanism
Ignazio Angeloni and Thomas Beretti