Program

Program

9:00-9:30 Welcome Coffee (main hall)

9:30-9:45 Opening Remarks (main hall)

Aurelija Proškutė (Bank of Lithuania)

9:45-11:15 Session A1: Government Intervention (main hall). Facilitator: Aurelija Proškutė (Bank of Lithuania)

Progressing Towards Efficiency: The Role for Labor Tax Progression in Reforming Social Security

Joanna Tyrowicz (University of Regensburg, FAME|GRAPE, and IZA), Krzysztof Makarski (FAME|GRAPE and Warsaw School of Economics), and Oliwia Komada (FAME|GRAPE)

Government Debt Management and Inflation with Real and Nominal Bonds

Vytautas Valaitis (University of Surrey), Lukas Schmid (University of Southern California and CEPR), and Alessandro T. Villa (Federal Reserve Bank of CHicago)

Macroprudential Intervention and (Un)employed Households

Ali Elminejad (Charles University in Prague)

9:45-11:15 Session A2: Alternative Labor (hybrid, room 303). Facilitator: Linas Tarasonis (Bank of Lithuania)

Automation in an Open, Catching-Up Economy: Aggregate and Microeconometric Evidence

Amaresh K Tiwari (University of Tartu)

Do Alternative Work Arrangements Substitute Standard Employment? Evidence from Worker-Level Data

(Remote) Filippo Passerini (Catholic University of Milan) and Bernardo Fanfani (University of Turin)

Digital Capacity and Employment Outcomes: Microdata Evidence from Pre- and Post-COVID-19 Europe

Kadri Männasoo (Tallinn University of Technology), Jon Kristian Pareliussen (OECD), and Artjom Saia (Tallinn University of Technology)

11:15-11:30 Coffee Break

11:30-12:30 Special session 1: Strategy Lithuania 2050 (main hall). Facilitator: Justinas Mickus (Strata)

Major Future Economic Challenges

Linas Tarasonis (Bank of Lithuania)

12:30-13:45 Lunch

13:45-15:45 Session B1. Market and Real Efficiency (hybrid, room 303). Jūratė Jaraitė-Kažukauskė (Vilnius University)

Feedback Effects, Market Valuations, and Real Efficiency

Junghum Park (Bank of Lithuania and Vilnius University)

Threshold Implementation with Refund Bonuses in Decentralized Financial Markets

Robertas Zubrickas (University of Bath and Vilnius University), Timothy Cason (Purdue University), and Alexander Tabarrok (George Mason University)

Behavioral Interventions and Market Efficiency: The Case of a Volatile Retail Electricity Market

(Remote) Rimvydas Baltaduonis (Gettysburg College), Jūratė Jaraitė (Vilnius University), and Andrius Kažukauskas (Vilnius University)

The Evolution of ECB Communication Sentiments: How They Relate to Economic Environment and Financial Markets?

Rokas Kaminskas (Bank of Lithuania and ISM University of Management and Economics) and Linas Jurkšas (Bank of Lithuania and Vilnius University)

13:45-15:45 Session B2. Gaining and Losing Welfare (main hall). Facilitator: Alminas Žaldokas (Hong Kong University of Science and Technology)

Asymmetry Facilitates Wealth Creation in a Dynamic Investment Game

Aidas Masiliūnas (University of Sheffield), Alessandro Del Ponte (University of Alabama), and Noah Lim (National University of Singapore)

Kamikazes in Public Procurement

Alminas Žaldokas (Hong Kong University of Science and Technology) and Dimas Fazio (National University of Singapore)

Striking a Bargain: Narrative Identification of Wage Bargaining Shocks

Žymantas Budrys (European University Institute), Mario Porqueddu (European Central Bank and Bank of Italy), and Andrej Sokol (Bloomberg LP and Centre for Macroeconomics)

A Broken Eastern Promise? Realized Dynamic Effect of Retrofits on Energy Consumption in Soviet-era Multi-Apartment Buildings

Andrius Kažukauskas (Vilnius University) and Xiaoying Li (Södertörn University)

15:45-16:15 Coffee Break

16:15-17:45 Special Session 2: Global Shocks and Micro Adjustments (hybrid, room 303). Facilitator: Povilas Lastauskas (Queen Mary University of London)

R&D Efficiency and Business Sector Spending in European Regions: Conditional Efficiency Approach

Heili Hein (Tallinn University of Technology)

Firm Survival and Growth in a Crisis: Ownership Structure, Access to Finance, and Public Policies

(Remote) Jānis Bērziņš (BI Norwegian Business School), Himal Gautam (BI Norwegian Business School), Salvatore Miglietta (BI Norwegian Business School), and Bogdan Stacescu (BI Norwegian Business School)

Joining and Exiting the Value Chain of Foreign Multinationals and Performance of Their Local Suppliers: Evidence from Inter-firm Transaction Data

(Remote) Priit Vahter (University of Tartu) and Jaan Masso (University of Tartu)

Adjusting to Economic Sanctions

Aurelija Proškutė (Bank of Lithuania and Vilnius University), Povilas Lastauskas (Queen Mary University of London), and Alminas Žaldokas (Hong Kong University of Science and Technology)

18:00 Dinner