A Lecture by Ignazio Visco, Governor of the Bank of Italy

The Italian Society and the Institute of Global Affairs proudly invite you to

       For The Times They Are A-Changin’
A Lecture by Ignazio Visco, Governor of the Bank of Italy

Chaired by Erik Berglof, Director LSE Institute of Global Affairs

                                                                    Wednesday 11 November 2015, 1.15PM

                                                             Hong Kong Theatre, Clement House, Aldwych (WC2A 2AE), LSE Campus


Here you can find a recording of the speech Ignazio Visco, Governor of the Bank of Italy, gave at the LSESU Italian Society LSE Institute of Global Affairs joint lecture:

At the following link you can also find the text of the speech given by the Governor:


For The Times They Are A-Changin’ Current economic developments cannot be analysed merely from a cyclical point of view. Today, as never before, interactions between longer-term trends and short-term developments are becoming increasingly important. With the end of the Cold War and the major challenges posed by globalization and new technologies, in a context of profound demographic change, the impact of the digital revolution and technological innovation on the characteristics and availability of jobs demands careful consideration, also in the medium term. The ensuing consequences for aggregate demand also call for complex solutions that still require further study and investigation. Although the future is unpredictable, we must be able to respond to it and live through it to the best of our ability. We should therefore prepare for it by investing, not only in fixed capital and in infrastructure (the crucial connection between supply and demand in an economy), but also and above all in ‘intangibles’, in particular the acquisition of knowledge and skills for all those involved in the production process, open to innovation and change.

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We look forward to seeing you there,
The Italian Society Committee


Speakers’ Biographies

Ignazio Visco was appointed Governor of the Bank of Italy in November 2011, after a long career with the Bank that began in 1972. He is also a member of the Governing Council and General Council of the European Central Bank and the Board of Directors of the Bank for International Settlements. From 1997 to 2002 he was Chief Economist and Head of the Economics Department of the OECD. Mr Visco graduated from the University of Rome and obtained a Ph.D. in Economics from the University of Pennsylvania. The author of numerous articles and books on economics and finance, he also taught Econometrics and Economic Policy at “La Sapienza” University of Rome.

Erik Berglof is the new Director of the Institute of Global Affairs. Professor Berglof has had a distinguished career as an economist, most recently as the Chief Economist and Special Adviser to the President at the European Bank for Reconstruction and Development. He has previously held the position of Professor and Director of SITE at the Stockholm School of Economics. He has also taught at the Université Libre de Bruxelles and held visiting positions at Harvard, Stanford and MIT. He has published widely on financial development, corporate governance and transition economics. He has regularly provided advice to national governments and international institutions including the IMF and the World Bank. Erik Berglöf was the founder and President of the Centre for Economic and Financial Research (CEFIR) in Moscow and a Programme Director at the Centre for Economic Policy Research (CEPR) in London. He is a non-resident Senior Fellow at The Brookings Institution in Washington, D.C.