Isabel Schnabel (née Gödde, born 9 August 1971) is a German economist who has been serving as a member of the Executive Board of the European Central Bank since 2020.

Schnabel studied as a doctoral student in economics at the University of Mannheim from 1998 to 2003, where she graduated summa cum laude after writing her dissertation titled “Macroeconomic Risks and Financial Crises – A Historical Perspective.” [citation needed] [2] After receiving her diploma in 1998, Schnabel started her doctorate studies in the graduate program "Allocation on financial markets" at the Department of Economics, University of Mannheim until 2003.

That same year, she also wrote a dissertation, Macroeconomic Risks and Financial Crises – A Historical Perspective, under the supervision of Martin Hellwig.

Following that, she then worked as a student research assistant to Axel Börsch-Supan while she completed internships at Deutsche Bank in Saint Petersburg and Frankfurt.

Following a proposal of Finance Minister Olaf Scholz, the German government nominated Schnabel to the European Central Bank’s executive board in 2019, replacing Sabine Lautenschläger.