Manuela Moschella investigates the institutional transformation of central banks from the 1970s to the present. Central banks are typically regarded as conservative, politically neutral institutions that uphold conventional macroeconomic wisdom. Yet in the wake of the 2008 global financial...

This article argues that the integration of financial assistance capacity in the eurozone, which was meant to remedy institutional shortcomings and mitigate the distributional implications of financial support in the European Monetary Union (EMU), has instead contributed to a deepening of the...

This article investigates why the European Central Bank's (ECB's) unconventional monetary policies were relatively modest during the crisis, focusing specifically on the design of its government bond purchase programmes. Building from available explanations of the ECB's behaviour in the...

Although the post-crisis politicisation of the ECB is widely acknowledged, little empirical evidence exists about how this important non-majoritarian institution has responded to public contestation. This article starts filling this gap by investigating whether and how public opinion affects ECB...