But it was time for a careful health check of our approach. Professor Pagan and Dr Wilcox visited the Bank for two weeks during one of our regular forecasting rounds. They spent time with individual sections in Economic Group, examining our models and forecasting approaches in detail. They also met with senior management and attended our internal forecast discussions.
Amid the disorder of conflicting and discouraging elements there was always a constructive way out; the problem was to find it. And in order to  BIS central bankers’ speeches  9  find it – this was a cornerstone of Tommaso’s intellectual approach – one should not have prior judgement guiding thoughts and actions, but rather have firm beliefs on the ultimate aims.