Welcome address Luigi Federico Signorini, Deputy Governor of the Bank of Italy CEPR International Macroeconomics and Finance (IMF) Programme Meeting Webinar, 10-11 December 2020 Ladies and gentlemen, It is my privilege to open this meeting of the CEPR’s international finance and macro group. In these unusual times, one must forgo the benefits of informal, realworld interaction.
In view of the continued excess capacity in the economy, my fellow Governing Council members and I judged that the economy still needs considerable monetary policy support.