Ieva Mikaliūnaitė-Jouvanceau
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I am a Principal Economist in the Financial Stability Department at Lietuvos Bankas (Bank of Lithuania). I hold a PhD in Economics from University of Palermo.
My work focuses on financial stability, particularly macroprudential stress testing, systemic risk analysis, bank lending and credit conditions.
For more details about my professional background, see my CV.
Research and Publications
Journal Articles:
What drove the rise in bank lending rates in Lithuania during the low-rate era?, Baltic Journal of Economics, 2023, with J. Karmelavičius and A. Buteikis.
ECB monetary communications: Market fragmentation at stake, Economics Letters, 2023, with V. Jouvanceau.
Financial distress and real economic activity in Lithuania: a Granger causality test based on mixed-frequency VAR, Empirical Economics, 2021, with A. Cipollini.
Macro-uncertainty and financial stress spillovers in the Eurozone, Economic Modelling, 2020, with A. Cipollini.
Working papers:
Systemic Risk Modelling System (SRMS): a macroprudential stress testing model, Bank of Lithuania, Discussion Paper Series, No. 41 / 2025, with L. Naruševičius.
Housing and credit misalignments in a two-market disequilibrium framework, Bank of Lithuania, Occasional Paper Series, No. 42 / 2022, with J. Karmelavičius and A. Petrokaitė. Also available as: ESRB working paper, No. 135 / July 2022.
Euro Area Monetary Communications: Excess Sensitivity and Perception Shocks, Bank of Lithuania, Working Paper Series, No. 79 / 2020, with V. Jouvanceau.
Policy Contributions
Simulating dynamic balance sheet reactions and macroprudential policy using the 2025 EU-wide stress test, Macroprudential Bulletin, European Central Bank, vol. 32, with Couaillier, Dimitrov, Faber, Forletta, Nunes, Pollastri, Röhm.
Impact of second-round effects on the banking sector stress testing, Bank of Lithuania, Financial Stability Review 2024, Box 3, with L. Naruševičius.
Tools and test scenarios for managing climate risks to financial stability, Bank of Lithuania, Financial Stability Review 2023, Box 4, with U. Kalinauskaitė.
ECB monetary policy communications: A spectrum of financial market responses, VoxEU.org, 25 February 2021, with V. Jouvanceau.
What drives the flow of small loans: corporate demand or bank credit supply?, Bank of Lithuania, Financial Stability Review 2021, Box 2.
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