and no less important aim of this project is building a network which includes experts from many developed and developing countries. the exchange of experiences can be beneficial for improving statistical capacity in household surveys and fostering convergence towards common standards. let me conclude with the words of luigi einaudi which have often been quoted by those who have succeeded him as governors of the bank of italy. all policymakers, all institutions should base their modus operandi on the principle ‘ conoscere per deliberare ’ ( know, then decide ). 1 it expresses the need for a policy based both on knowledge and data, as can be derived from microsimulation model estimations when analysing alternative scenarios and policy measures. 2 einaudi would certainly have approved the efforts we are all making in pursuing this current project. he would also have appreciated the presence of a number of important italian institutions here today. it is important that the bank of italy is not alone in this endeavour. cooperation with the italian ministry of foreign affairs and international cooperation, the italian agency for development cooperation, the italian national institute of statistics and the italian national institute of health means fostering dialogue among different disciplines and recognizing the multidimensional nature of human well - being, the measurement of which is the aim of household surveys. yet it also testifies to the commitment of leading italian public institutions to working together to strengthen our cooperation with developing countries. l. einaudi, prediche inutili, opere di luigi einaudi, volume ii, einaudi, turin, 1964 ( first edition 1956 ). see for example ando and nicoletti altimari, ‘ a microsimulation model of demographic development and households ’ economic behaviour in italy ’, temi di discussione ( working papers ), 533, 2004, and michelangeli and pietrunti, ‘ a microsimulation model to evaluate italian households'financial vulnerability ’, questioni di economia e finanza ( occasional papers ), 225, 2014.

partnership for capacity development in household surveys for welfare analysis launch event remarks by valeria sannucci, deputy governor of the bank of italy rome, june 19 2017 good morning ladies and gentlemen, on behalf of governor visco, i am pleased to welcome you all to the bank of italy in rome. it is indeed an honour today for the bank of italy to host the distinguished representatives of the world bank and of all the institutions involved in this important memorandum of understanding ( mou ). as part of its legal mandate, the bank of italy currently promotes technical cooperation with central banks and other institutions in the emerging countries. through staff training activities and consultancy, the bank aims at helping to improve the institutional capacities of the beneficiary institutions, establishing relationships that strengthen reciprocal ties. moreover, the bank is italy ’ s representative in numerous international organizations and institutions, such as the world bank, cooperating with them in various ways, with the ultimate purpose of promoting international financial stability and a smooth functioning of the payment system. the partnership we are launching today is thus an integral part of this more general context. the cooperation between the world bank and the bank of italy in the field of statistics was not born today. in october 2015 another mou between these two institutions was entered into. on that occasion, several areas of collaboration were pointed out : improving the availability, quality and cost - effectiveness of data production to inform policy making in low and middle income countries ; engaging in research on subjects of common interest ; promoting the harmonization of household surveys ; and engaging other entities, such as research institutions and local academia, to give additional support to the abovementioned activities. in this framework, our institutions co - founded the center for development data ( c4d2 ) in rome, with which we have been working for the past 2 years. let me now share with you my personal satisfaction in having contributed to launching a project that has organized such a wide and knowledgeable team of institutions which can significantly improve the statistical data for welfare analysis in developing countries and in our countries too. contributing to the achievement of a world free of poverty is the ultimate goal for which all economists should bear responsibility. to this end, economic growth, although necessary, may not be a sufficient condition for everyone to make progress. nowadays there is great concern about the possible effects of technical progress and globalization on inequality. both in developed and developing countries, political institutions must constantly monitor the different segments of their populations to ensure that no one is left behind