On Wednesday, 3 March, at 11:30 am, the third listening event is taking place online, with contributions from representatives from civil society on the Eurosystem's monetary policy strategy review.
The video of the event is available on the Bank's YouTube channel at https://www.youtube.com/watch?v=SlmIZ1W_V5k.
Eleven representatives from different sectors of civil society will interact with Ignazio Visco, Governor of the Bank of Italy; Luigi Federico Signorini, Senior Deputy Governor; Eugenio Gaiotti, Head of the Directorate General for Economics, Statistics and Research; and Luigi Cannari, Head of the Directorate General for Markets and Payment Systems.
The representatives from civil society are:
- Silvia Castronovi, Public Affairs Officer, representing Altroconsumo (Lazio Region)
- Massimiliano Dona, National President of the National Consumers Union (Unione Nazionale Consumatori - UNC)
- Fulvio Fammoni, President of the Giuseppe Di Vittorio Foundation
- Giuseppe Gallo, President of the Ezio Tarantelli Foundation
- Giulio Lo Iacono, in charge of transversal planning, management and monitoring for the Italian Alliance for Sustainable Development (Alleanza Italiana per lo Sviluppo Sostenibile - AsviS)
- Stefano Manzocchi, Director of the Confindustria Study Centre
- Giuseppe Onufrio, Executive Director of Greenpeace Italia
- Enrico Quintavalle, Head of the Research Department - Confartigianato Imprese
- Chiara Saraceno, President of the Italian Popular Culture Network (Rete Italiana di Cultura popolare) and co-coordinator of the Alliance for Childhood (Alleanza per l'Infanzia)
- Carlo Stagnaro, Director of the Digital Economy Observatory (Osservatorio sull’economia digitale) of the Istituto Bruno Leoni (IBL)
- Tommaso Franci, national Councilor of the Amici della Terra Onlus association
The event reflects the importance attributed by the Bank of Italy, the ECB, and the other euro-area central banks to listening to the opinions and assessments of various sectors of society on the Eurosystem's monetary policy.
The round table will start with the last strategy review (2003) and the sweeping changes that have taken place in the economy since then. The global financial crisis, the sovereign debt crisis in the euro area, and most recently the pandemic, have all required the adoption of unconventional tools to preserve the transmission of monetary policy to the economy, stimulate demand, and ensure price stability. Long-term developments such as globalization, digitalization, the ageing population and climate change can all have lasting effects on the decisions and behaviour of firms and households, on the functioning of financial markets and on the economy as a whole.
The conversation will then turn to the implications of these changes for monetary policy. The debate will focus on the following themes: monetary policy, economy and civil society, and the global challenges ahead.
Listening to the views of civil society is an essential part of this exercise. Give your input on these issues by sending an email to strategyreview@bancaditalia.it.
Link to the section of the review of the Eurosystem's monetary policy strategy
