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Valentina Michelangeli
Researcher at Banca d'Italia
Publications - 24
Citations - 174
Valentina Michelangeli is an academic researcher from Banca d'Italia. The author has contributed to research in topics: Debt & Household income. The author has an hindex of 6, co-authored 23 publications receiving 148 citations. Previous affiliations of Valentina Michelangeli include Congressional Budget Office.
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How does bank capital affect the supply of mortgages? Evidence from a randomized experiment
TL;DR: In this article, the effect of bank capital on the supply of mortgages was studied and it was shown that higher bank capital is associated with a higher likelihood of application acceptance and lower offered interest rates; banks with lower capital reject applications by riskier borrowers and offer lower rates to safer ones.
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A Microsimulation Model to Evaluate Italian Households’ Financial Vulnerability
TL;DR: In this article, the authors build a microsimulation model to monitor the financial vulnerability of Italian households, starting from household-level data from the Survey on Household Income and Wealth and matching them with macroeconomic forecasts on debt and income, they project the future path of households' indebtedness and debt-service ratio.
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Can Tax Rebates Stimulate Consumption Spending in a Life-Cycle Model?†
TL;DR: In this paper, a life-cycle model with earnings risk, liquidity constraints, and portfolio choice over tax-deferred and taxable assets is proposed to evaluate how household consumption changes in response to shocks to transitory anticipated income, such as the 2001 income tax rebate.
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A microsimulation model to evaluate Italian householdss financial vulnerability
TL;DR: In this article, the authors build a microsimulation model to monitor the financial vulnerability of Italian households, starting from household-level data from the Survey on Household Income and Wealth and matching them with macroeconomic forecasts on debt and income, they project the future path of householdsi?½ indebtedness and debt-service ratio.
Posted Content
Nonlinear Programming Method for Dynamic Programming
TL;DR: A nonlinear programming formulation is introduced to solve infinite-horizon dynamic programming problems by using ideas from approximation theory to approximate value functions and avoids inefficient discretization.