Day 1: Monday, June 10

8:30 - 9:00

Registration and welcome coffee

9:00 – 9:15

Welcome speech and opening of the conference

(Soros auditorium)

9:15 – 10:45

Parallel Session A

A1: Labour market I (Soros auditorium)

Chair: Linas Tarasonis (Vilnius University, Lietuvos bankas)


    • Isaac Baley (Universitat Pompeu Fabra, CREi, and Barcelona GSE) and Alireza Sepahsalari* (University of Bristol)

"Wealth and Inequality in Turbulent Labour Markets"

Discussant: Ija Trapeznikova (Royal Holloway, University of London)


    • Juan Pablo Rud (Royal Holloway, University of London, Institute for Fiscal Studies) and Ija Trapeznikova* (Royal Holloway, University of London)

"Job Creation and Wages in Least Developed Countries"

Discussant: Linas Tarasonis (Vilnius University, Lietuvos bankas)


    • Maryna Tverdostup (University of Innsbruck, University of Tartu) and Tiiu Paas* (University of Tartu)

"Diversity of Human Capital and its Labour Market Outcome: A Cross European Study of Immigrant-Native Wage Gap"

Discussant: Mihails Hazans (University of Latvia)


A2: Technology and innovations (303 auditorium)

Chair: Konstantīns Beņkovskis (SSE Riga, Latvijas Banka)


    • Gauthier Vermandel (Paris-Dauphine, PSL Universities, France-Stratégie)

"Endogenous Trends"

Discussant: Patrick Grüning (Lietuvos bankas, Vilnius University)


    • Anjali Nursimulu (Ecole Polytechnique Fédérale de Lausanne) and Thomas Weber* (École Polytechnique Fédérale de Lausanne, Professor of Operations, Economics and Strategy)

"Encouraging Long-Shot Investments: Regulatory Options for Pharmaceutical Innovation"

Discussant: Vaiva Petrikaitė (Barcelona Graduate School of Economics, Institute of Economic Analysis)


    • Kristina Barauskaitė-Griškevičienė* (Lietuvos bankas, ISM University of Managementand Economics) and Anh D. M. Nguyen (Lietuvos bankas, Vilnius University)

Direct and Network Effects of Idiosyncratic TFP Shocks"

Discussant: Konstantīns Beņkovskis (SSE Riga, Latvijas Banka)


A3: Healthcare (311 auditorium)

Chair: Justina Klimavičiūtė (Vilnius University)


    • Rob J.M. Alessie (University of Groningen, Netspar), Viola Angelini (University of Groningen, Netspar), Jochen O. Mierau (University of Groningen, Netspar), and Laura Viluma* (University of Groningen)

"Moral Hazard and Selection for Voluntary Deductibles"

Discussant: Agne Suziedelyte (City, University of London)


    • Irina Mozhaeva (University of Latvia)

"Who Cares? Evidence on Informal and Formal Home Care Use in Estonia"

Discussant: Justina Klimavičiūtė (Vilnius University)


    • Justina Klimavičiūtė (Vilnius University)

"Long-Term Care and Myopic Couples"

Discussant: Laura Viluma (University of Groningen)

10:45 – 11:00

Coffee break

11:00 – 12:30

Parallel Session B

B1: Labour market II (Soros auditorium)

Chair: Tairi Rõõm (Eesti Pank, Tallinn University of Technology)


    • Konstantīns Beņkovskis (SSE Riga, Latvijas Banka) and Oļegs Tkačevs* (Latvijas Banka)

"Getting Old Is No Picnic? Sector-Specific Relationship Between Workers Age and Firm Productivity"

Discussant: Povilas Lastauskas (Lietuvos bankas)


    • Etienne Lalé (Université du Québec à Montréal, CIRANO, IZA) and Linas Tarasonis* (Vilnius University, Lietuvos bankas)

"The Life-cycle Profile of Worker Flows in Europe"

Discussant: Orsolya Soosaar (Tallinn University of Technology)


    • Olga Kupets (Kyiv School of Economics, IZA)

"Youth on the Move: Job Mobility and Well-Being at Work in Transition Economies"

Discussant: Tairi Rõõm (Eesti Pank, Tallinn University of Technology)


B2: Lending (303 auditorium)

Chair: Eglė Jakučionytė (Lietuvos bankas, Vilnius University)


  • Karolis Liaudinskas* (Pompeu Fabra University) and Kristina Grigaitė (Lietuvos bankas)

"A Loss of a Lending Relationship: Shock or Relief?"

Discussant: Nicolas Reigl (Eesti Pank)


  • Eglė Jakučionytė* (Lietuvos bankas, Vilnius University) and Swapnil Singh (Lietuvos bankas, Kaunas University of Technology)

"Mortgage Foreclosure Risk After the Great Recession"

Discussant: Deniz Okat (Hong Kong University of Science and Technology)


  • Mustafa Caglayan (Heriot-Watt University), Oleksandr Talavera* (Birmingham Business School), and Lin Xiong (Aberdeen Business School)

"What Does Not Kill Us Makes Us Stronger: The Story of Repetitive Loan Rejections"

Discussant: Benjamin Hemingway (Lietuvos bankas, Vilnius University)


B3: Education and social capital (311 auditorium)

Chair: Anders Paalzow (SSE Riga)


  • Maqsood Aslam (Université de Lille), Etienne Farvaque* (Université de Lille), and

Muhammad Azmat Hayat (University of the Punjab)

"Lost in Partition? Culture, Ethnicities and Education from the British Raj to Modern Pakistan"

Discussant: Simona Ferraro (Tallinn University of Technology)


  • Agne Suziedelyte (City, University of London)

"Is It Only a Game? Video Games and Violence"

Discussant: Boris Ginzburg (Universidad Carlos III de Madrid)


  • Kaire Põder* (Estonian Business School), Triin Lauri (Estonian Business School), and Anu Toots (Estonian Business School)

"School, Church and Media: Explaining Differences in Civic Knowledge in Bilingual School System of Estonia"

Discussant: Irina Mozhaeva (University of Latvia)


12:30 – 13:45

Lunch and Poster session

Posters:

  • Boriss Siliverstovs* (Latvijas Banka) and Daniel Wochner (KOF Swiss Economic Institute, ETH Zurich)

"Recessions as Breadwinner for Forecasters. Further Evidence on Models’ Forecasting Performance in Expansions and Recessions"


  • Vaiva Petrikaitė (Barcelona GSE, Institute of Economic Analysis)

"Search Choice, Pricing and Obfuscation"


  • Gazi Salah Uddin* (Linköping University), Md Lutfur Rahman (Newcastle Business School), Axel Hedström (Linköping University), and Bo Sjo (Linköping University)

"Systemic Risk in the Scandinavian Banking Sector"


  • Mikael Paaso (Aalto University School of Business)

"Extrapolation and Real Investment"


  • Nerijus Černiauskas* (Lietuvos bankas, Vilnius University) and Andrius Čiginas (Lietuvos bankas, Vilnius University)

"Sizing and Decomposing Lithuania’s Income Inequality"

  • Victor Arshavskiy* (Belarusian Economic Research and Outreach Center), Yaw Nyarko (NYU), and Heitor S. Pelligrina (NYU Abu Dhabi)

"Traders in the Food Distribution Chain: Estimating Trade Costs and Markups from Price Data"


  • Aras Žirgulis* (ISM University of Management and Economics), Benas Adomavičius (ISM University of Management and Economics), and Maik Huettinger (ISM University of Management and Economics)

"No Woman, No Aggressive Tax Planning?"

13:45 – 15:15

Parallel Session C

C1: Finance (Soros auditorium)

Chair: Nina Boyarchenko (Federal Reserve Bank of New York, CEPR)


  • Nina Boyarchenko* (Federal Reserve Bank of New York, CEPR), Domenico Giannone (Federal Reserve Bank of New York), and Or Shachar (Federal Reserve Bank of New York)

"Flighty Liquidity"

Discussant: Egle Karmaziene (University of Groningen, Swedish House of Finance)


  • Michael Donadelli (Ca’Foscari University, Research Center SAFE, Goethe University Frankfurt), Patrick Grüning* (Lietuvos bankas, Vilnius University), and Steffen Hitzemann (Rutgers Business School)

"Climate Change Risks, Stock Returns, and the Oil Sector"

Discussant: Gauthier Vermandel (Paris-Dauphine, PSL Universities, France-Stratégie)


  • Ingomar Krohn (Copenhagen Business School), Philippe Mueller* (Warwick Business School), and Paul Whelan (Copenhagen Business School)

"FX Around the Clock"

Discussant: Nina Boyarchenko (Federal Reserve Bank of New York, CEPR)


C2: FROGEE session on gender economics (303 auditorium)

Chair: Pamela Campa (SITE, Stockholm School of Economics)


  • Merike Kukk (Tallinn University of Technology, Eesti Pank), Jaanika Meriküll (Eesti Pank, University of Tartu), and Tairi Rõõm* (Eesti Pank, Tallinn University of Technology)

"What Explains the Gender Gap in Wealth? Evidence from Administrative Data"

Discussant: Anna Zasova (Baltic International Centre For Economic Policy Studies)


  • Priit Vahter (University of Tartu) and Jaan Masso* (University of Tartu)

"The Contribution of Multinationals to Wage Inequality: Foreign Ownership and

the Gender Pay Gap"

Discussant: Aras Žirgulis (ISM University of Management and Economics)


  • Aras Žirgulis* (ISM University of Management and Economics), Benas Adomavičius (ISM University of Management and Economics), and Maik Huettinger (ISM University of Management and Economics)

"No Woman, No Aggressive Tax Planning?"


C3: Monetary policy (311 auditorium)

Chair: Karsten Staehr (Tallinn University of Technology, Eesti Pank)


  • Andrejs Zlobins (Latvijas Banka)

"The Country-Level Effects of the ECB's Asset Purchase Programme"

Discussant: Yannick Lucotte (Université d'Orléans)


  • Signe Rosenberg (Tallinn University of Technology)

"The Effects of Conventional and Unconventional Monetary Policy on House Prices in the Scandinavian Countries"

Discussant: Andrejs Zlobins (Latvijas Banka)

  • Zeynep Kantur (Bilkent University) and Ludmila Fadejeva* (Latvijas Banka)

"Aging, Wealth Distribution and Monetary Policy"

Discussant: Elliot Aurissergues (Aix Marseille School of Economics)

15:15 – 15:30

Coffee break

15:30 – 16:15

Bank of Lithuania and Lithuanian Academy of Sciences: Vladas Jurgutis Award and Award for Dissertation in the Field of Economics

(Soros auditorium)

  • Ada Kovaliukaite: Award for Dissertation in the Field of Economics
  • Matthias Weber: Vladas Jurgutis Award for significant research works by the Bank of Lithuania

“The Non-Equivalence of Labour Market Taxes: A Real-Effort Experiment” with A. Schram

16:15 - 17:15

Keynote speech: Francis Kramarz (CREST-ENSAE, Institut Polytechnique de Paris)

"Firm-to-Firm Trade: Imports, Exports, and the Labor Market"

Co-authored with Jonathan Eaton (Pennsylvania State University, NBER) and Samuel Kortum

(Yale University, NBER)

19:00 - 22:00

Conference dinner