For policymakers, this a crucial point: Given the real-time data problems with which they are confronted, looking at monetary developments may be useful for learning about the current (and future) state of the economy even in the New-Keynesian world which, at first sight, has no such role for money to offer.
Conversing about Dante  Civic passion, public life, economic reasoning1 Speech by Luigi Federico Signorini Senior Deputy Governor of the Bank of Italy Bank of Italy, Florence Branch 3 December 2021 Dante and the economy For this speech, I intend to draw inspiration from several passages of the Commedia2 to formulate some arguments as an economist, which I will use towards the end to make a couple of free observations about one of today’s great problems.