Luigi Federico Signorini: Labour market participation - forces at work and policy challenges

Welcome address by Mr Luigi Federico Signorini, Deputy Governor of the Bank of Italy, at the Bank of Italy - CEPR Conference, Centre "Carlo Azeglio Ciampi", Rome, 15 March 2018.

Central bank speech  | 
20 March 2018

I wish to thank Eliana Viviano and Francesco D'Amuri for their assistance in preparing this speech.

Ladies and Gentlemen,

it is a pleasure to welcome the participants to the Bank of Italy-CEPR conference on 'Labour market participation: Forces at work and policy challenges'.

A well-functioning labour market is essential for sustaining growth and maintaining social cohesion. The purpose of this conference is to improve our understanding of the secular changes affecting both labour supply and demand, the attendant threats and opportunities, and the policy challenges.