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<p>It is a true pleasure to be back at the London Business School.<span class="ecb-footnote-toggle"><sup>[<a class="ecb-footnote-number" id="fn1" href="https://www.ecb.europa.eu//press/key/date/2022/html/ecb.sp221207_1~7dcbb0e1d0.en.html#footnote.1">1</a>]</sup></span> I did my PhD here many years ago. As soon as I arrived, I found myself immersed in an environment where pioneering academic research and ec...

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.