Research
Publications
Andrea Colabella, Luciano Lavecchia, Valentina Michelangeli, 2024. "Are energy bills squeezing people?" International Journal of Microsimulation, accepted with minor revisions.
Other version: "To eat or to heat: are energy bills squeezing people?,'' Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No.800.
Featured in Milano Finanza
Featured in SUERF Policy Brief, No. 792, 8 Feb. 2024. To eat or to heat: are energy bills squezing people
Valentina Michelangeli and Eliana Viviano, 2023. "Can Internet banking affect households' participation in financial markets and financial awarness? " Journal of Money, Credit and Banking. https://doi.org/10.1111/jmcb.13098
Other version: "Can Internet banking affect households' participation in financial markets and financial awarness?," Bank of Italy Working Papers (Temi di discussione), No. 1329, 2021.
Featured in SUERF Policy Brief, 154: "Can Internet banking affect households' participation in financial markets and financial awarness?", August 2021.
Valentina Michelangeli and Fabio Massimo Piersanti, 2023. "Interdependence between assets and liabilities in the banking system: changes in the last two decades, Finance Research Letters, 58.
Other version: "Interdependence between assets and liabilities in the banking system: changes in the last two decades," Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No.752.
Featured in SUERF Policy Brief, 621 : "Interdependence between assets and liabilities in the banking system: changes in the last two decades," June 2023.
Ivan Faiella, Luciano Lavecchia, Valentina Michelangeli and Alessandro Mistretta, 2022. "A climate stress test on the financial vulnerability of Italian households and firms", Journal of Policy Modeling, vol. 44 (2), pages 396-417.
Other version: "A micro-founded climate stress test on the financial vulnerability of Italian households and firms," Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No.639.
Silvia Magri, Valentina Michelangeli, Sabrina Pastorelli, Raffaella Pico, 2022. "The expansion of consumer credit in Italy and the main euro area countries," European Review, 30(3), 322-352.
Other version: "The expansion of consumer credit in Italy and in the euro area: what are the drivers and the risks?" Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No. 500.
Carmela Aurora Attinà & Francesco Franceschi & Valentina Michelangeli, 2020. "Households' financial vulnerability with consumer credit and mortgage renegotiations," International Journal of Microsimulation, vol 13(1), pages 67-91.
Other version: Carmela Aurora Attinà, Francesco Franceschi, and Valentina Michelangeli, 2019. "Households' financial vulnerability with consumer credit and mortgage renegotiations" Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No. 531.
Antonio De Socio & Valentina Michelangeli, 2017. "A model to assess the financial vulnerability of Italian firms," Journal of Policy Modeling, vol 39, pages 147-168.
Other version: Antonio De Socio & Valentina Michelangeli, 2015. "Modelling Italian firms' financial vulnerability," Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No. 293.
Yongyang Cai & Kenneth L. Judd & Thomas S. Lontzek & Valentina Michelangeli & Che-Lin Su, 2017. "Nonlinear Programming Method for Dynamic Programming," Macroeconomic Dynamics, Cambridge University Press, vol. 21(02), pages 336-361, March.
Other version: Yongyang Cai & Kenneth L. Judd & Thomas S. Lontzek & Valentina Michelangeli & Che-Lin Su, 2013. "Nonlinear Programming Method for Dynamic Programming," NBER Working Papers 19034, National Bureau of Economic Research, Inc.
Valentina Michelangeli & Mario Pietrunti, 2014. "A microsimulation model to evaluate Italian households' financial vulnerability", International Journal of Microsimulation, vol 7(3), pages 53-79.
Other version: Valentina Michelangeli & Mario Pietrunti, 2014. "A microsimulation model to evaluate Italian households' financial vulnerability", Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No. 225
Jonathan Huntley & Valentina Michelangeli, 2014. "Can Tax Rebates Stimulate Consumption Spending in a Life-Cycle Model?, " American Economic Journal: Macroeconomics, American Economic Association, vol. 6(1), pages 162-89, January.
Other version: Jonathan Huntley & Valentina Michelangeli, 2011. "Can Tax Rebates Stimulate Consumption Spending in a Life-Cycle Model? (Working Paper 2011-02)," Working Papers 41581, Congressional Budget Office.
Valentina Michelangeli & Santoro Marika, 2013. "Households' uncertainty about Medicare policy," The B.E. Journal of Macroeconomics (Advances), De Gruyter, vol. 13(1), pages 151-186, January.
Valentina Michelangeli, 2012. "Should you pay off your mortgage or invest?," Economics Letters, Elsevier, vol. 115(2), pages 322-324.
Chapters
Valentina Michelangeli & Mario Pietrunti, 2015. "Assessing the financial vulnerability of Italian households: a microsimulation approach," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Indicators to support monetary and financial stability analysis: data sources and statistical methodologies, volume 39 Bank for International Settlements.
Working Papers
Luigi Abate, Valeria Lionetti and Valentina Michelangeli, 2024. "Is the Italian green mortgage market ready to take off?" Bank of Italy Occasional Papers (Questioni di Economia e Finanza), forthcoming.
Maria Alessia Aiello, Cristina Angelico, Pietro Cova and Valentina Michelangeli, 2024. "Climate-related risks for Italy: an analysis based on the latest NGFS scenarios,'' Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No.847.
G. de Blasio, R. Fiori, L. Lavecchia, M. Loberto, V. Michelangeli, E. Padovani, E. Pisano, M. L. Rodano, G. Roma, T. Rosolin e P. Tommasino, 2024. "Il miglioramento dell'efficienza energetica delle abitazioni in Italia: lo stato dell'arte e alcune considerazioni per gli interventi pubblici,'' Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No.845. Available also in English.
Featured in ANSA, Il Punto di Paolo Pagliaro (Otto e Mezzo di Lilli Gruber, la Sette), Huffington Post, Il Corriere della Sera, Il Foglio, La Verità, Radio tre. Giornale di Sicilia, il Messaggero, Quotidiano Nazionale, fanpage, simplybiz, ilsussidiario.net
Valentina Michelangeli, José-Luis Peydró and Enrico Sette, 2021. "Borrower versus Bank Channels in Lending: Experimental- and Administrative- Based Evidence,'' Economics Working Papers 1809, Department of Economics and Business, Universitat Pompeu Fabra, December 2021.
Other version: BSE Working Papers 1307 , October 2021.
Other version: Economics Working Papers 1731, Department of Economics and Business, Universitat Pompeu Fabra, Jul. 2021.
Other version: CEPR Discussion Papers 15276, C.E.P.R. Discussion Papers, 2020.
Agnese Carella and Valentina Michelangeli, 2021. "Information or persuasion in the mortgage martket: the role of brand names", Bank of Italy Working Papers (Temi di discussione), No. 1340.
Agnese Carella, Federica Ciocchetta, Valentina Michelangeli and Federico M. Signoretti, 2020. "What can we learn about mortgage supply from online data?" Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No.583.
Jonathan Huntley, Valentina Michelangeli, and Felix Reichling, 2021. "What drives investors to chase returns?'' Best Paper Award in Behavioral Finance at the 2019 Academic Research Colloquium (CFP Board Center for financial planning). Bank of Italy Working Papers (Temi di discussione), No. 1334.
Gennaro Catapano, Francesco Franceschi, Michele Loberto and Valentina Michelangeli, 2021. "Macroprudential policy in an agent-based model of the Italian housing market,"Bank of Italy Working Papers (Temi di discussione), No. 1338.
Valentina Michelangeli and Cristiana Rampazzi, 2016. "Indicators of financial vulnerability: a household level study,'' Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No. 369.
Valentina Michelangeli and Enrico Sette, 2016. "How does bank capital affect the supply of mortgages? Evidence from a randomized experiment," Bank of Italy Working Papers (Temi di discussione), No. 1051.
Other version: BIS Working Papers 557, Bank for International Settlements.
Bartiloro L., V, Michelangeli, C. Rampazzi, 2015. "The vulnerability of indebted households during the crisis: some evidence from the euro area," Paper presented at the Conference “The Bank of Italy’s Analysis of Household Finances” - Fifty Years of The Survey on Household Income and Wealth and the Financial Accounts, Bank of Italy, Rome, 3-4 December.
"Does it pay to get a Reverse Mortgage?" (Paper) (Technical Appendix)
Research-based policy analysis and commentary
Contribution to "NGFS Scenarios for central banks and supervisory (Phase IV)", November 2023.
Davide Arnaudo, Michele Cascarano, Rosalia Greco, Valentina Michelangeli, Litterio Mirenda e Davide Revelli, 2022. "I divari territoriali nel ricorso delle imprese a moratorie e garanzie pubbliche durante la pandemia," Bank of Italy Occasional Papers (Questioni di Economia e Finanza), No. 736.
Cristina Angelico, Ivan Faiella e Valentina Michelangeli, 2022. "Il rischio climatico per le banche italiane: un aggiornamento sulla base di un'indagine campionaria" Note di stabilità finanziaria e vigilanza, No. 29.
Agnese Carella and Valentina Michelangeli, 2021. "Effetto Covid-19 sui mutui" lavoce.info, Sept. 23.
Federica Ciocchetta, Valentina Michelangeli, Raffaella Pico, Antonietta di Salvatore, 2021. "Impatto delle moratorie sui mutui sulla vulnerabilità finanziaria delle famiglie," Bank of Italy Covid-19 Note, 22 March.
Più scelta su mutui e prestiti se il cliente ha il posto fisso lavoce.info, Nov. 11
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