Tommaso Padoa-Schioppa Chair
in European Economic and Monetary Integration
Much more than many, Tommaso Padoa-Schioppa was a man of action and a man of reflection, who knew the importance of institutions as well as their limits. He provided to the EU critical inputs at critical moments. As Europe faces again a critical moment, it will be a duty for the holder of the Tommaso Padoa-Schioppa chair to be faithful to his spirit.
Jean Pisani-Ferry, Tommaso Padoa-Schioppa Chair Holder
The Chair in European Economic and Monetary Integration at the Robert Schuman Centre for Advanced Studies was established in 2014 in honour of Tommaso Padoa-Schioppa, former Italian Minister of Finance (2006-2008), and a member of the Executive Board of the European Central Bank (1998-2005) during the period preceding the launch of the EMU.
Widely recognized as one of the founding fathers of the European single currency, Tommaso Padoa-Schioppa was a committed European and a friend of the EUI. In 2009 he donated his archives to the Historical Archives of the European Union; a year later, his family endowed his personal book collection to the EUI Library.
The programme focuses on the analytical challenges and policy responses of international macroeconomics and finance in Europe. The Eurozone crisis has revealed the need to design economic institutions that can support a ‘currency without a state’ in the context of a wider European Union. Financial integration and regulation further broaden the domain beyond strictly monetary questions. Such a project requires not only political will and diplomatic negotiation, but also research that explores pragmatically various alternatives.
The Tommaso Padoa-Schioppa Chair is generously funded by Banca d'Italia, Assicurazioni Generali and Intesa Sanpaolo.
Jointly with the School of Transnational Governance, the Chair has launched the project ' The Transformation of Global Governance', a major research and policy analysis endeavour aiming to decipher the mutations global governance is undergoing in a series of fields, and to assess the effectiveness of the emerging arrangements.
Jean Pisani-Ferry is a professor of economics with Sciences Po Paris and the Hertie School of Governance in Berlin, and since October 2017 he holds the Tommaso Padoa-Schioppa chair of the European University Institute in Florence.
In the first half of 2017, Pisani-Ferry contributed to Emmanuel Macron’s presidential bid as the Director of programme and ideas of his campaign. Beforehand, he served from 2013 to end-2016 as Commissioner-General of France Stratégie, the ideas lab of the French government. Prior to this appointment, he was from 2005 to 2013 the Founding Director of Bruegel, the Brussels-based economic think tank that he had contributed to create. Before creating Bruegel, he was Executive President of the French PM’s Council of Economic Analysis (2001-2002), Senior Economic Adviser to the French Minister of Finance (1997-2000), Director of CEPII, the French institute for international economics (1992-1997), and Economic Adviser with the European Commission (1989-92).
Pisani-Ferry has taught at University Paris-Dauphine, École Polytechnique, École Centrale and the Free University of Brussels.
His publications include numerous books and articles on economic policy and European policy issues. He has also been an active contributor to public debates with regular columns in the international media.
The Chair’s research programme derives from research questions arising from the Transformation of Global Governance project, including:
- The historical development of governance arrangements: conditions of creation, change, stasis, and deepening or decline.
- The 90s ideal of governance contrasted with its reality today: state-centric, treaty-based institutions with universal membership and legally enforceable rules, as opposed to new governance arrangements differing, sometimes completely, from this model.
- New configurations of actors in governance: NGOs, private sector, sub-national authorities, epistemic communities and other non-state stakeholders, and how they are integrated or participate in governance arrangements.
- Interactions of governance arrangements: interference, synergy, subsumption or hierarchisation of governance arrangements dealing with different sectors.
- Viability of current governance arrangements: feasibility and scope for reform
- Role of the EU in fostering reform of the current governance arrangements.
- Mark Leonard, Jean Pisani-Ferry, Elina Ribakova, Jeremy Shapiro and Guntram Wolf, Redefining Europe’s economic sovereignty, Bruegel - June 2019
- Jean Pisani-Ferry, Euro area reform: An anatomy of the debate, CEPR Policy Insight No 95 - October 2018
- Agnès Bénassy-Quéré, Markus K Brunnermeier, Henrik Enderlein, Emmanuel Farhi, Marcel Fratzscher, Clemens Fuest, Pierre-Olivier Gourinchas, Philippe Martin, Florence Pisani, Hélène Rey, Nicolas Véron, Beatrice Weder di Mauro, Jeromin Zettelmeyer, Can economic multilateralism survive?, CEPR Policy Insight No 91 - January 2018
- Other resources:
Tommaso Padoa-Schioppa, (23 July 1940 – 18 December 2010) was a former Minister of Economy and Finance in Italy, a long-time member of the European Central Bank executive board, and former President of the Basel Committee on Banking Supervision.
Mr. Padoa-Schioppa is widely considered to be a founding father of the European single currency. He was a firm believer in the benefits of, and the need for, a single global financial reporting language in international financial markets.
His publications include The Euro and its Central Bank (2004), Regulating Finance: Balancing Freedom and Risk (2004) and Europa una pazienza attiva (2006).
Past Chair Holder
Richard Portes, inaugural holder of the Tommaso Padoa-Schioppa Chair at the EUI until September 2017, is Professor of Economics at London Business School, Founder and President of the Centre for Economic Policy Research (CEPR), and Co-Chairman of the Board of Economic Policy.
He is an elected Fellow of the Econometric Society and of the British Academy. He is a member of the Advisory Scientific Committee to the European Systemic Risk Board, of the Steering Committee of the Euro50 Group, and of the Bellagio Group on the International Economy.
His current research interests include international macroeconomics, international finance, European bond markets and European integration. He holds three honorary doctorates.