Day 1: Monday, June 10

Registration and welcome coffee

Welcome speech and opening of the conference

(Soros auditorium)

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)

Coffee break

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)

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?"

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)

Coffee break

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

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)

Conference dinner