Lucrezia Reichlin is Professor of Economics at the London Business School, Research Director at CEPR, and non-executive director at Unicredit Banking Group. She served as Director General of Research at the ECB (March 2005 to September 2008), and was Chairman and Scientist-in-Charge of the Euro Area Business Cycle Network (EABCN). She is a member of scientific advisory boards for a number of institutions, and she is co-editor of the Journal of Applied Econometrics. Having received here PhD in Economics from New York University, she has published numerous papers on econometrics and macroeconomics. Her papers have appeared in the American Economic Review, Review of Economic Studies, Review of Economics and Statistics, and Journal of the American Statistical Association.