into the mortgage market using an exogenous index of local credit supply as exclusion restriction. Second, controlling for … selection process operated by banks has led to the halving of the delinquency rate. Conditional on mortgage origination, a job …

The paper assesses the extent to which mortgage rates in Italy are priced according to credit risk as proxied by the … probability of household mortgage delinquency estimated using the EU-Silc database. For reasons of data availability we restrict … the analysis of mortgage pricing to Italian households. Consistent with the more extensive use of credit scoring …

We estimate a fully-fledged structural system for the housing market in Italy, taking into account the multi-fold link … pressures. Lending conditions also have a significant impact, especially through their effects on mortgage loans, and … developments in Italy have been broadly in line with the fundamentals; during the recent financial crisis, the worsening in credit …

We exploited two major reforms in the regulation of professional services implemented in Italy since the 2000s in order …

income classes. Finally, we find evidence that measurement error may bias the relationship between household savings and its …