Day 1 (June 11th)
8:30-9:00 Registration and Welcome Coffee
9:00-9:15 Welcome and Opening Remarks (Conference Hall 501)
9:15-11:00 Session A1: Labor Theory (Hub 305, chair: Mihails Hazans, University of Latvia, IZA, and GLO) The Inherited Inequality: How Demographic Aging and Pension Reforms Can Change the Intergenerational Transmission of Wealth Justina Klimaviciute (University of Liège), Harun Onder (The World Bank) and Pierre Pestieau (University of Liège, Université Catholique de Louvain and PSE) Discussant: Peter Huber (Austrian Institute of Economic Research (WIFO) and Mendel University, Brno) Conditional Wage Subsidy Robertas Zubrickas (University of Bath) Discussant: Liis Roosaar (University of Tartu) Globalization, Welfare, and the Attitudes toward Higher Education Jana Hromcová (Universitat Autònoma de Barcelona) and Pablo Agnese (UIC Barcelona) Discussant: Robertas Zubrickas (University of Bath) 9:15-11:00 Session A2: Household Finance (Art Lab 535, chair: Nicolas Gavoille, Stockholm School of Economics in Riga) Public Insurance of Married Versus Single Households in the US: Trends and Welfare Consequences Swapnil Singh (Bank of Lithuania and Kaunas University of Technology) Discussant: Nicolas Gavoille (Stockholm School of Economics in Riga) Household Financial Risk Tolerance in Europe Nora Marija Laurinaitytė (SAFE and Goethe University) Discussant: Nerijus Černiauskas (Bank of Lithuania and Vilnius University) Stress Tests of the Household Sector Using Microdata from Survey and Administrative Sources Tairi Rõõm (Bank of Estonia) and Jaanika Meriküll (Bank of Estonia and University of Tartu) Discussant: Matteo Ruzzante (IMF) 9:15-11:00 Session A3: Macro Spillovers (Conference Hall 501, chair: Mihnea Constantinescu, Bank of Lithuania) Network-based Macro Fluctuations: Evidence from Lithuania Kristina Griškevičienė (Bank of Lithuania and ISM University of Management and Economics) and Mihnea Constantinescu (Bank of Lithuania) Discussant: Soroosh Siavash (Bank of Lithuania and Kaunas University of Technology) Spillovers from Euro Area Monetary Policy: A Focus on Emerging Europe Ludmila Fadejeva (Bank of Latvia), Soňa Benecká (Czech National Bank) and Martin Feldkircher Oesterreichische Nationalbank (OeNB)) Discussant: Aurelija Proškutė (Bank of Lithuania) Housing Market Shocks in Italy: A GVAR Approach Fabio Parla (University of Palermo) and Andrea Cipollini (University of Palermo) Discussant: Mihnea Constantinescu (Bank of Lithuania)
11:10-12:10 Keynote Speech (Conference Hall 501)
12:10-13:40 Poster Session and Lunch Break Gaygysyz Ashyrov (University of Tartu) Foreign Owned Firms in Corrupt Environments: Effects on Decision to Invest and Firm Performance Andrius Buteikis (Vilnius University) Application of copula-based BINAR models in loan modelling Nerijus Černiauskas (Bank of Lithuania and Vilnius University) Decomposing wealth of Lithuania's households Giedrė Dzemydaitė (Vilnius University) Regional specialization: trends in the European Union regions Patrick Grüning (Bank of Lithuania and Vilnius University) Global Temperature, R&D Expenditure, and Growth Linas Jurkšas (Bank of Lithuania and Vilnius University) An Intra-day Study of Illiquidity Spill-overs in Euro Area Sovereign Bond Markets Pijus Krūminas (ISM University of Management and Economics) Public R&D under different electoral rules: evidence from OECD countries Ieva Mikaliūnaitė (University of Palermo) How important are GSI banks for the financial distress in the Eurozone? An analysis based on MIDAS VAR Kaire Põder (Tallinn University of Technology) Discrimination or explained differences: individual and school level effects explaining achievement gap in Russian schools of Estonia and Latvia Nicolas Reigl (Eesti Pank) Evolution and heterogeneity of credit procyclicality in Central and Eastern Europe Soroosh Soofi-Siavash (Bank of Lithuania and Kaunas University of Technology) Dominant U.S. Manufacturing Sectors: A Factor Model Analysis
13:40-15:25 Session B1: CSR (Conference Hall 501, chair: Egle Karmaziene, University of Groningen) Corporate Governance View on CSR Reporting in Listed Banks Triinu Tapver (Tallinn University of Technology), Laivi Laidroo (Tallinn University of Technology) and Natalja Gurvitš (Tallinn University of Technology) Discussant: Ieva Sakalauskaitė (University of Amsterdam) Investment and Agency Motives of Corporate Philanthropy: Evidence from Anti-Dumping Initiations Swarnodeep Homroy (University of Groningen), Shantanu Banerjee (Lancaster University) and Aurélie Slechten (Lancaster University) Discussant: Janis Berzins (BI Norwegian Business School) Labor Unions and Non-Shareholding Stakeholders Dalia Marciukaityte (Illinois State University) and Mine Ertugrul (University of Massachusetts Boston) Discussant: Swarnodeep Homroy (University of Groningen) 13:40-15:25 Session B2: Methods (Art Lab 535, chair: Vaidotas Zemlys, Vilnius University) Machine Learning Projection Methods for Macro-Finance Models Vytautas Valaitis (Duke University) and Alessandro Villa (Duke University) Discussant: Swapnil Singh (Bank of Lithuania and Kaunas University of Technology) Instrumental Variable Estimation of Dynamic Linear Panel Data Models with Defactored Regressors and a Multifactor Error Structure Milda Norkutė (Lund University), Vasilis Sarafidis (Monash University) and Takashi Yamagata (University of York) Discussant: Artūras Juodis (University of Groningen) Panel Data Binary Response Model in a Triangular System Amaresh K. Tiwari (University of Tartu) Discussant: Milda Norkutė (Lund University) 13:40-15:25 Session B3: Empirical Labor (Hub 305, chair: Linas Tarasonis, Vilnius University and Bank of Lithuania) The Nativity Gap in Financial Decisions: Evidence from Italy Anzelika Zaiceva (University of Modena and Reggio Emilia and IZA), Graziella Bertocchi (University of Modena and Reggio Emilia) and Marianna Brunetti (University of Roma Tor Vergata) Discussant: Nora Marija Laurinaitytė (SAFE and Goethe University) Relationships between the Age, Wage and Productivity of Employees Liis Roosaar (University of Tartu), Jaan Masso (University of Tartu) and Urmas Varblane (University of Tartu) Discussant: Jiyuan Wang (University of Groningen) What Kind of Foreign Experience Boosts Returnees’ Earnings? Evidence from Latvia Mihails Hazans (University of Latvia, IZA, and GLO) Discussant: Gaygysyz Ashyrov (University of Tartu)
15:25-15:40 Break
15:40-16:50 Session C1: Political Economy (Conference Hall 501, chair: Valdonė Darškuvienė, ISM University of Management and Economics) Capital Controls and Electoral Cycles Nicolas Gavoille (Stockholm School of Economics in Riga) and Katharina Hofer (Swiss Institute for Empirical Economic Research (SEW-HSG)) Discussant: Vincentas Vobolevičius (ISM University of Management and Economics) Homeownership, Political Participation, and Social Capital in Post-Communist Countries and Western Europe Peter Huber (Austrian Institute of Economic Research (WIFO) and Mendel University, Brno) and Josef Montag (International School of Economics and Kazakh-British Technical University) Discussant: Pijus Krūminas (ISM University of Management and Economics) 15:40-16:50 Session C2: Currency Unions (Art Lab 535, chair: Swapnil Singh, Bank of Lithuania) Business Cycle Synchronisation in a Currency Union: Taking Stock of the Evidence Jarko Fidrmuc (ZU Friedrichshafen and Vilnius University), Nauro F. Campos (Brunel University London) and Iikka Korhonen (Institute for Economies in Transition and Bank of Finland) Discussant: Fabio Parla (University of Palermo) The Behavioral Economics of Currency Unions: Economic Integration and Monetary Policy Matthias Weber (Bank of Lithuania and Vilnius University), Akvile Bertasiute (National Audit Office of Lithuania) and Domenico Massaro (Universita Cattolica del Sacro Cuore and Complexity Lab in Economics) Discussant: Simas Kučinskas (University of Amsterdam) 15:40-16:50 Session C3: Nowcasting (Meeting Room 307, chair: Konstantins Benkovskis, Stockholm School of Economics in Riga and Bank of Latvia) Google Trends and Exchange Rate Movements: Much Cry and Little Wool? Svatopluk Kapounek (Mendel University in Brno) and Zuzana Kučerová (VŠB-Technical University of Ostrava) Discussant: Egle Karmaziene (University of Groningen) Assessing Nowcast Accuracy of US GDP Growth in Real Time: The Role of Booms and Busts Boriss Siliverstovs (Bank of Latvia) Discussant: Nicolas Reigl (Bank of Estonia)
17:00-17:45 Inaugural Assembly of the Baltic Economic Association (Conference Hall 501)
19:00 Gala Dinner (by invitation only)
Day 2 (June 12th)
9:00-11:40 Session D1: Prices and Markets (Conference Hall 501, chair: Jura Liaukonyte, Cornell University) The Impact of Process Innovation on Prices: Evidence from Automated Fuel Retailing in the Netherlands Tadas Bruzikas (University of Groningen) and Adriaan R. Soetevent (University of Groningen) Discussant: Oleksandr Talavera (Swansea University) Learning in Contests with Payoff Risk and Foregone Payoff Information Aidas Masiliūnas (Aix-Marseille University) Discussant: Sherif Nasser (Cornell University) 10:10-10:30 Coffee Break Price Dispersion in Online Betting Markets Oleksandr Talavera (Swansea University), Mo Tian (Swansea University) and Huasheng Xiang (Swansea University) Discussant: Julian C. Jamison (The World Bank and University of Exeter) Strategic Durability with Sharing Markets Thomas A. Weber (Ecole Polytechnique Fédérale de Lausanne) and Maryam Razeghian (Ecole Polytechnique Fédérale de Lausanne) Discussant: Mikko Leppämäki (Aalto University) 9:00-11:40 Session D2: Empirical Trade (Hub 305, chair: Tairi Rõõm, Bank of Estonia) Export, Business Environment and Innovation: Evidence from Central and Eastern Europe Kadri Männasoo (Tallinn University of Technology) and Raul Ruubel (Tallinn University of Technology) Discussant: Jaan Masso (University of Tartu) Export and Productivity in Global Value Chains: Comparative Evidence from Latvia and Estonia Jaan Masso (University of Tartu), Konstantins Benkovskis (Bank of Latvia and Stockholm School of Economics in Riga), Olegs Tkacevs (Bank of Latvia), Priit Vahter (University of Tartu) and Naomitsu Yashiro (Organization for Economic Co-Operation and Development (OECD)) Discussant: Jaanika Meriküll (Bank of Estonia and University of Tartu) 10:10-10:30 Coffee Break The Effect of Euro Adoption on Firm-level Export Jaanika Meriküll (Bank of Estonia and University of Tartu) and Tibor Lalinsky (National Bank of Slovakia) Discussant: Kadri Männasoo (Tallinn University of Technology) Welfare Gains from the Variety Growth d’Artis Kancs (European Commission DG Joint Research Centre and University of Leuven) and Damiaan Persyn (University of Leuven and IPTS, European commission) Discussant: Dmitry Kulikov (Bank of Estonia) 9:00-11:40 Session D3: Intermediaries and the Economy (Art Lab 535, chair: Robertas Zubrickas, University of Bath) Bank Credit and Money Creation in a Simple DSGE Model Jaunius Karmelavičius (Bank of Lithuania) and Tomas Ramanauskas (Bank of Lithuania) Discussant: Vytautas Valaitis (Duke University) Risk Weighting, Private Lending and Macroeconomic Dynamics Marcus Jüppner (Deutsche Bundesbank and Goethe University Frankfurt), Michael Donadelli (Goethe University Frankfurt) and Lorenzo Prosperi (Goethe University Frankfurt) Discussant: Phillippe Mueller (University of Warwick) 10:10-10:30 Coffee Break Financial Networks and the Real Economy Deniz Okat (HKUST) and John Nash (HKUST) Discussant: Michael Weber (University of Chicago) Panel Data Forecasting Models for Non-Performing Loans in the EU Countries Lenno Uuskula (Bank of Estonia and University of Tartu) and Karsten Staehr (Tallinn University of Technology) Discussant: Jaunius Karmelavičius (Bank of Lithuania)
11:45-12:30 Vladas Jurgutis Award and Award for Dissertation in the Field of Economics (Conference Hall 501)
12:30-13:30 Lunch Break
13:30-15:15 Session E1: Fiscal Policy (Art Lab 535, chair: Matthias Weber, Bank of Lithuania and Vilnius University) Financial Crises, Macroeconomic Shocks, and the Government Balance Sheet: A Panel Analysis Matteo Ruzzante (IMF) Discussant: Guillermo Hausmann (Bank of Lithuania and Vilnius University) The Effect of Unconventional Fiscal Policy on Consumption Expenditure Michael Weber (University of Chicago), Francesco D’Acunto (University of Maryland) and Daniel Hoang (Karlsruhe Institute of Technology) Discussant: Nina Boyarchenko (Federal Reserve Bank of New York) What Makes Fiscal Rules Output Stabilising? Oļegs Tkačevs (Bank of Latvia), Wolf Heinrich Reuter (Wolf Heinrich Reuter and Vienna University of Economics & Business) and Kārlis Vilerts (Bank of Latvia) Discussant: Marcus Jüppner (Deutsche Bundesbank and Goethe University Frankfurt) 13:30-15:15 Session E2: Health and Early Development (Meeting Room 307, chair: Kaire Põder, Estonian Business School) Motivating Bureaucrats Through Social Recognition: A Field Experiment in the Health Clinics across Two Nigerian States Julian C. Jamison (The World Bank and University of Exeter), Varun Gauri (The World Bank), Nina Mazar (Boston University) and Owen Ozier (The World Bank) Discussant: Kaire Põder (Estonian Business School) Effects of Maternal Education on Early Non-Monetary Investments in Child Development Emine Kübra Usta (University of Bologna) Discussant: Linas Tarasonis (Vilnius University and Bank of Lithuania) Under-Investment of Human Capital, Earnings and Old-Age Transfers Jiyuan Wang (University of Groningen) Discussant: Justina Klimaviciute (University of Liège) 13:30-15:50 Session E3: Corporate Finance (Conference Hall 501, chair: Janis Berzins, BI Norwegian Business School) Illiquid Stockholders and Real Firm Effects: The Personal Wealth Tax and Financial Constraints Bogdan Stacescu (BI Norwegian Business School), Janis Berzins (BI Norwegian Business School) and Øyvind Bøhren (BI Norwegian Business School) Discussant: Thomas Moeller (Texas Christian University) Intangible Assets and Capital Structure Thomas Moeller (Texas Christian University), Steve C. Lim (Texas Christian University) and Antonio J. Macias (Baylor University) Discussant: Alminas Žaldokas (HKUST) The Importance of Being Prudent: Leverage and the Informational Content of Dividends Simas Kučinskas (University of Amsterdam) Discussant: Bogdan Stacescu (BI Norwegian Business School) Background Noise? TV Advertising Affects Real Time Investor Behavior Jura Liaukonyte (Cornell University) and Alminas Žaldokas (HKUST) Discussant: Dalia Marciukaityte (Illinois State University)
Program Co-Chairs Linas Tarasonis (Vilnius University and Bank of Lithuania) and Alminas Žaldokas (HKUST) Program Committee Audinga Baltrūnaitė (Bank of Italy), Konstantins Benkovskis (Stockholm School of Economics in Riga and Bank of Latvia), Mihnea Constantinescu (Bank of Lithuania), Daiva Dumčiuvienė (Kaunas University of Technology), Nicolas Gavoille (Stockholm School of Economics in Riga), Mihails Hazans (University of Latvia), Sigitas Karpavičius (University of Adelaide), Meelis Kitsing (Estonian Business School), Rytis Krušinskas (Kaunas University of Technology), Povilas Lastauskas (CEFER), Jura Liaukonyte (Cornell University), Anders Paalzow (Stockholm School of Economics in Riga), Vaiva Petrikaitė (Barcelona GSE), Kaire Põder (Estonian Business School), Tairi Rõõm (Bank of Estonia), Karsten Staehr (Tallinn University of Technology), Linas Tarasonis (Vilnius University and Bank of Lithuania), Matthias Weber (Bank of Lithuania and Vilnius University), Robertas Zubrickas (University of Bath), Alminas Žaldokas (HKUST) Baltic Economic Conference Initiative Group Konstantins Benkovskis (Stockholm School of Economics in Riga and Bank of Latvia), Mihnea Constantinescu (Bank of Lithuania), Valdonė Darškuvienė (ISM University of Management and Economics), Gundars Davidsons (Bank of Latvia), Kęstutis Duoba (Kaunas University of Technology), Mihails Hazans (University of Latvia), Povilas Lastauskas (CEFER), Jaan Masso (University of Tartu), Anders Paalzow (Stockholm School of Economics in Riga), Kaire Põder (Estonian Business School), Tairi Rõõm (Bank of Estonia), Karsten Staehr (Tallinn University of Technology), Linas Tarasonis (Vilnius University and Bank of Lithuania), Ants-Hannes Viira (Estonian University of Life Sciences) |
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