Manuela Moschella

Manuela Moschella is Associate Professor of International Political Economy at the Scuola Normale Superiore. She is one of the editors of the Review of International Political Economy and Associate Fellow at the Europe Programme at Chatham House. She is also an associate editor of the Routledge Studies in Globalisation Series. Her research focuses on the relationship between technocracy and politics, the role of institutions and economic ideas in economic policymaking, the politics of macroeconomic and financial regulatory choices, and the behavior of international organizations.

Moschella’s forthcoming book is titled Breaking with Monetary Orthodoxy. Central Banks, Reputation, and the Politics of Macroeconomic Regimes (2023, Cornell University Press). The book traces and explains the institutional transformation of central banks from the 1970s to the Covid crisis by drawing attention to the patterns of political support for central banks over time.

She is also the editor (with Eleni Tsingou) of the book Great Expectations, Slow Transformations: Incremental change in post-crisis regulation (ECPR Press 2013), and author of the book author Governing Risk: The IMF and Global Financial Stability (Palgrave MacMillan 2010). Moschella is also the author of numerous per-reviewed articles published in journals like Public Administration, Government & Opposition, Journal of Common Market Studies, Journal of European Public Policy, New Political Economy, Review of International Political Economy, and West European Politics.

She previously served as the Chair of the International Political Economy Section (IPE) of the International Studies Association (ISA) (2019-2020) and as member of the Steering Committee of the ECPR Standing Group of International Relations. Moschella was a Senior Fellow at the Centre for International Governance Innovation (2013-2017) and member of the committee for the Hedley Bull Prize in International Relations (2016-2018). She has been a visiting researcher at the Johns Hopkins University, Copenhagen Business School, and George Washington University.

Recent publications

• M. Moschella (2023), Breaking with Monetary Orthodoxy. Central Banks, Reputation, and the Politics of Macroeconomic Regimes, Ithaca, Cornell University Press.
• M. Moschella, L. Quaglia and A. Spendzharova, eds (2023) European Political Economy. Theoretical Approaches, Issue Areas, and Policy Challenges. Oxford, Oxford University Press.
• F. Ferrara, D. Masciandaro, M. Moschella, and D. Romelli (2021) "Political Voice on Monetary Policy: Evidence from the Parliamentary Hearings of the European Central Bank." European Journal of Political Economy.
• M. Moschella, L. Pinto and N. Martocchia (2020) “Let’s speak more? How the ECB adapts its legitimation strategies to public contestation”, Journal of EuropeanPublic Policy, 27 (3), 400-18.
• M. Moschella and N. Martocchia (2020) “Does politics drive conflict in central banks’ committees? Lifting the veil on the European Central Bank consensus” European Union Politics, 1(2), 183–203.

Policy reports

• Study requested by European Parliament, ECON Committee, “Managing global monetary spillovers | How the Fed's interest rate hikes and uncoordinated tightening affect the euro area” with Palma Polyak, Monetary Dialogue Papers  November 2022  https://www.europarl.europa.eu/thinktank/en/document/IPOL_STU(2022)733998
• Policy report for Chatham House, “The economic basis of democracy in Europe”, with P. Bergsen, H. Kundnani, m. Krahè, L. Downey, Q. Slobodian, September 2022, https://www.chathamhouse.org/2022/09/economic-basis-democracy-europe
• Study requested by European Parliament, ECON Committee, “ECB communication and its post-pandemic challenges.” With Davide Romelli, Monetary Dialogue Papers  February 2022 https://www.europarl.europa.eu/thinktank/en/document/IPOL_STU(2022)703346
• Study requested by European Parliament, ECON Committee, “What role for the European Semester in the recovery plan?” In-depth analysis, ECON Committee IPOL_IDA (2020) 651377 https://www.europarl.europa.eu/thinktank/en/document/IPOL_IDA(2020)651377

Research interests and PhD supervision

Moschella’s research addresses questions related to the politics behind the choice of economic and financial decisions, both at the national and the international level. She is also interested in the relationship between politics and technocracy/expertise and have been studying this relationship in international and European bodies like the IMF and the ECB and public institutions like central banks.

Current research interests include central banks’ relationship with political and soci tal actors, the independence and accountability of central banks, financial regulation and regulatory agencies, and international economic cooperation.

Manuela Moschella is open to supervising empirically-oriented research in areas related to:

• International and Comparative Political Economy
• European Political Economy
• European economic and monetary governance
• Central banking and the politics of macroeconomic choices and regimes

Current supervisees

• Derin Atiskan
• Gabriele Beretta
• Giuseppe Cannata
• Francesco Gatti