De Nederlandsche Bank has published a podcast in which its economists look back at earlier economic shocks, including the oil crises of the 1970s and the inflation peak in 2022, to discuss what central banks can do when energy prices rise and inflation accelerates. Framed as an explanatory discussion rather than a policy announcement, the podcast focuses on price stability as a core central bank task and notes that decisions on whether and how to intervene depend in part on the duration and severity of a crisis. DNB economists Annelie Petersen and Marco Hoeberichts discuss lessons from past shocks, while Dennis Bonam explains stagflation and why it is more difficult for central banks to deal with than inflation alone.
De Nederlandsche Bank 2026-05-06
De Nederlandsche Bank publishes podcast on past inflation shocks and central bank response options
De Nederlandsche Bank has released a podcast in which its economists review past economic shocks, including the 1970s oil crises and the 2022 inflation peak, to explain central bank options when energy prices rise and inflation accelerates. Presented as explanatory rather than policy guidance, the discussion highlights price stability as a core task and stresses that intervention depends on the duration and severity of a crisis, with additional focus on the challenges of stagflation compared with inflation alone.