Lucrezia Reichlin is Professor of Economics at the London Business School. Her research is in macroeconometrics, applied time series, the business cycle, and monetary and fiscal policy. With several co-authors, she pioneered econometric methods for analyzing a large number of time series: dynamic factor models, shrinkage methods and Bayesian vector auto-regressions. She is chairman and co-founder of Now-Casting Economics Ltd. and Ortygia Business School, serves on the board of directors of several firms, and contributes a column to Corriere della Sera. A former Director General of Research at the European Central Bank, she is a Foreign Honorary Member of the American Economic Association, and a Fellow of the Econometric Society and the British Academy, among other learned societies. Her distinctions include the Birgit Grodal Award of the EEA and the Isaac Kerstnetzky Scholarly Achievement Award of the Centre for International Research on Economic Tendency Surveys.