Marcello Miccoli

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The aim of this systematic review of the literature was to summarize the results of scientific publications on the clinical effectiveness of the cochlear implant (CI) procedure in children. The members of the Working Group first examined existing national and international literature and the principal international guidelines on the procedure. They(More)
How should monetary and fiscal policy react to adverse financial shocks? If monetary policy is constrained by the zero lower bound on the nominal interest rate, subsidising the interest rate on loans is the optimal policy. The subsidies can mimic movements in the interest rate and can therefore overcome the zero bound restriction. Credit subsidies are(More)
We provide a framework for simplifying the analysis and estimation of dynamic games with many agents by using nonatomic limit game approximations. We show that that the equilibria of a nonatomic approximation are epsilon-Bayesian-Nash Equilibria of the dynamic game with many players if the limit game is continuous. We also provide conditions under which the(More)
  • Ugo Albertazzi, Margherita Bottero, Leonardo Gambacorta, Steven Ongena, Piergiorgio Alessandri, Lorenzo Burlon +7 others
  • 2016
Using credit register data for loans to Italian firms we test for the presence of asymmetric information in the securitization market by looking at the correlation between the securitization (risk-transfer) and the default (accident) probability. We can disentangle the adverse selection from the moral hazard component for the many firms with multiple bank(More)
The purpose of the Temi di discussione series is to promote the circulation of working papers prepared within the Bank of Italy or presented in Bank seminars by outside economists with the aim of stimulating comments and suggestions. The views expressed in the articles are those of the authors and do not involve the responsibility of the Bank. Abstract This(More)
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