Lucyna Gornicka

Last Updated: July 02, 2019

Lucyna Gornicka

Lucyna Górnicka is an economist in the Monetary and Capital Markets Department at the IMF. She works in the Monetary and Macroprudential Policies Division, where she contributes to a range of projects on financial stability, capital flows, and policy mix. Lucyna joined the IMF in 2015 (Economist Program), and worked also in the European Department, covering countries such as United Kingdom, Norway, and Finland. Her research interest center around macrofinancial linkages, financial regulation, monetary and macroprudential policies.

Email: LGORNICKA@imf.org

Personal WebPage: https://sites.google.com/prod/view/lucyna-gornicka/home

Fluent In: Polish, Spanish.

Education:

2010-2015 PhD in Economics, University of Amsterdam and Tinbergen Institute, the Netherlands

2005-2010 MSc in Economics, Warsaw School of Economics, Poland


Referee Activities:

Journal of Financial Intermediation, Journal of Banking and Finance


Field of Expertise:

Economic Modeling

Monetary Policy

Banking

Macro-Financial Issues

Lucyna Gornicka

Lucyna Górnicka is an economist in the Monetary and Capital Markets Department at the IMF. She works in the Monetary and Macroprudential Policies Division, where she contributes to a range of projects on financial stability, capital flows, and policy mix. Lucyna joined the IMF in 2015 (Economist Program), and worked also in the European Department, covering countries such as United Kingdom, Norway, and Finland. Her research interest center around macrofinancial linkages, financial regulation, monetary and macroprudential policies.

Email: LGORNICKA@imf.org

Personal WebPage: https://sites.google.com/prod/view/lucyna-gornicka/home

Fluent In: Polish, Spanish.

Education:

2010-2015 PhD in Economics, University of Amsterdam and Tinbergen Institute, the Netherlands

2005-2010 MSc in Economics, Warsaw School of Economics, Poland


Referee Activities:

Journal of Financial Intermediation, Journal of Banking and Finance


Field of Expertise:

Economic Modeling

Monetary Policy

Banking

Macro-Financial Issues

IMF Books and Working Papers:

Stress Testing and Calibration of Macroprudential Policy Tools , Working Paper No. 20/165 , August 14, 2020

Measuring Output Gap: Is It Worth Your Time? , Working Paper No. 20/24 , February 07, 2020

Capital Flows at Risk: Taming the Ebbs and Flows , Working Paper No. 19/279 , December 20, 2019

Optimal Macroprudential Policy and Asset Price Bubbles , Working Paper No. 19/184 , August 30, 2019

Brexit Referendum and Business Investment in the UK , Working Paper No. 18/247 , November 21, 2018

Selected Issue

House Prices and Labor Mobility in Norway: A Regional Perspective, in: Norway Selected Issues Paper 2018, IMF Country Report No. 18/280, joint with S. Zhang

Implications of Nordea's Redomicile to Finland, in: Finland Selected Issues Paper 2018, IMF Country Report No. 19/7, joint with A. Scott

Regional Disparities in Labor Productivity in the United Kingdom, in:United Kingdom Selected Issues Paper 2017, IMF Country Report No. 18/43, joint with N. Arregui

Finland's Labor Market, in: Finland Selected Issues Paper 2017, IMF Country Report No. 17/371, joint with Ch. Henn

Other Published Materials

Measuring Concentration Risk - A Partial Portfolio Approach, IMF Working Paper 16/158, August 2016, joint with P. Grippa

Publications in Journals (Refereed)

Banks and Shadow Banks: Competitors or Complements?, Journal of Financial Intermediation, Volume 27, July 2016, Pages 118-131.

Too International to Fall? Supranational Bank Resolution and Market Discipline, Journal of Banking and Finance, Volume 65, April 2016, Pages 41–58, joint with M.A. Zoican

Other Published Materials

Learning About Fiscal Multipliers During the European Sovereign Debt Crisis: Evidence From a Quasi-Natural Experiment, ECB Working Paper 2154, May 2018, joint with Ch. Kamps, G. Koester and N. Leiner-Killinger (R&R)