Europe’s current economic situation has striking parallels with the 1970s oil price shocks. In this post, Professor Waltraud Schelkle (Political and Social Sciences/Schuman Centre) explains why central banks are reluctant to fight inflation resolutely now: their fixation on asset markets as the metric for successful stabilisation.

The 2022 Nobel prize in economics went to three scholars – one of them a former Chairman of the Fed – who study banking crises and their real-economy repercussions. Professor Thorsten Beck, Director of the Florence School of Banking and Finance, explains why their insights remain critical for policymakers today.