I am a research economists at Norges Bank (the central bank of Norway) with research interests in financial intermediation, monetary policy, and financial stability
I hold a Ph.D. (cum laude) in Economics, Finance and Management from Universitat Pompeu Fabra (UPF)
karolis.liaudinskas@norges-bank.no phone: +47 405 57 981
How forced switches reveal switching costs: evidence from the loan market. Journal of Financial and Quantitative Analysis, 59–8: 3994-4034 (2024) https://doi.org/10.1017/S0022109023001096
Monetary policy spillover to small open economies: is the transmission different under low interest rates? Journal of Financial Stability, 65 (2023) (with J. Cao, V. Dinger, T. Gomez, M. Hodula, A. Jara, R. Juelsrud, S. Malovana, Z. Gric, and Y. Terajima)
Human vs. machine: rationality in algorithmic decision-making
Presented at NBER Summer Institute 2024 (see video on Youtube or embedded at the bottom of this page), The 20th EUROFIDAI-ESSEC Paris December Finance Meeting, IBEFA 2022 Summer Meeting, the 4th Research in Behavioral Finance Conference, The 4th Israel Conference in Behavioral Finance, the World Finance Conference 2022 and research seminars at Norges Bank, Universitat Pompeu Fabra, and BI Norwegian Business School.
Relationship lending and monetary policy pass-through (with J. Cao and P. Dubuis)
Trade conflicts and credit supply spillovers: evidence from the Nobel Peace Prize trade shock (with J. Cao, V. Dinger, and R. Juelsrud)
Foreign exchange risk management: supervisory data evidence (with P. Abbassi, L. Laeven, and J.L. Peydró)
Perils of cross-selling: how lack of diversification between deposit and loan clients can engender bank fragility (with V. Acharya, C. Basten, and R. Juelsrud)
Consumption, crises and LTV policies (with K.A. Aastveit, E. Getz Wold, R. Juelsrud, and J.L. Peydró)
Banking and economic synchronization: insights from micro-data (with J. Cao, R. Juelsrud, and P. Patzelt)
Record increase in payment remarks: a red flag for Norwegian firms? Norges Bank Staff Memo 9/2024 (with Ida Nervik Hjelseth)
New microdata for loan defaults provide better estimates of banks’ credit losses. Norges Bank Staff Memo 10/2024 (with Ida Nervik Hjelseth and Sara Kirkeby Thuve)
Geographical Segmentation of the Euro Area Money Market: a Liquidity Flow Approach. ECB’s Annual Report on Financial Integration in Europe (2014) (with R. Veyrune and Z. Sprokel)
Presentation of the paper "Rationality and disposition effect in algorithmic trading" at NBER Summer Institute 2024, Big Data and High-Performance Computing for Financial Economics