Bank of Lithuania
Information Center for Excellence in Finance and Economic Research (CEFER), Bank of Lithuania   Milda Norkutė, PhD
Address Totorių g. 4, 01121 Vilnius, Lietuva  
Phone  -  
Email [email protected]  
Personal website -                


Research interests

Panel Data Econometrics, Applied Macroeconomics, Empirical Finance.

Recent publications

The Factor Analytical Approach in Near Unit Root Panels by Milda Norkutė and Joakim Westerlund. Journal of Econometrics, 2021.

Instrumental Variable Estimation of Dynamic Linear Panel Data Models with Defactored Regressors and a Multifactor Error Structure by Milda Norkutė, Vasilis Sarafidis, Takashi Yamagata and Guowei Cui. Journal of Econometrics, Vol 220(2), 2021, pp. 416-446.

CCE in Fixed-T Panels by Joakim Westerlund, Yana Petrova and Milda Norkutė, Journal of Applied Econometrics, Vol 34, 2019, pp. 746-761.

A Factor Analytical Approach to Interactive Effects Dynamic Panel Models with Moving Average Errors by Milda Norkutė and Joakim Westerlund. Econometrics and Statistics, Vol 11, 2019, pp.  83-104.

A Factor Analytical Approach to the Efficient Futures Market Hypothesis by Joakim Westerlund, Milda Norkutė and Paresh Narayan. Journal of Futures Markets, Vol 35, 2015, pp. 357-370.

Can the sectoral New Keynesian Phillips curve explain inflation dynamics in the Euro Area? by Milda Norkutė. Empirical Economics, Vol 49, 2015, pp. 1191-1216.

A Monte Carlo Study of a Factor Analytical Method for Fixed-Effects Dynamic Panel Models by Milda Norkutė. Economics Letters, Vol 123, 2014, pp. 348-351.

Short biography

2020 - present Principal Economist, Center for Excellence in Finance and Economic Research (CEFER), Bank of Lithuania, Lithuania
2018 - 2019  Visiting Researcher, Department of Economics, Bank of Lithuania
2016 - 2019 Senior Lecturer and researcher, Department of Economics, Lund University
2015 - 2016 Visiting Researcher, Monash University, Australia
2011-2016 Ph.D. Economics, Lund University, Sweden
2010-2011 Data Analyst (freelancer), Euromonitor International
20082010 M.Sc. Economics, Lund University, Sweden
2008 Specialist, Economics Department, Bank of Lithuania, Lithuania.
2007 Economist, Macroeconomics and Forecasting Division, Economics Department, Bank of Lithuania, Lithuania
20062008 M.Sc. Economics, Vilnius University, Lithuania.
2001 - 2006 B.Sc. Economics, Vilnius University, Lithuania.











Last update: 15-11-2021