Let me conclude by saying that the New Normal is already with us: returning to the pre-crisis status quo is not only unlikely, it is probably unfeasible. To deal successfully with this New Normal, central banks must keep developing analytical 4  tools and robust models. A continuous interaction between academics and central bankers is the best way to prepare for the challenges ahead.
Therefore, I would very much like to thank all the speakers and discussants for taking part in the workshop. I wish you all a fruitful and very productive day. 5  Designed by the Printing and Publishing Division of the Bank of Italy