Program

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Organizing Committee: Audinga Baltrūnaitė, Kęstutis Duoba, Tadas Gedminas, Linas Tarasonis, Alminas Žaldokas

Venue: Martynas Mažvydas National Library of Lithuania, Gedimino ave. 51, Vilnius

Please be advised that presentations will take place in parallel sessions.




Day 1 (June 27th)




8:30-9:00 Registration and Welcome Coffee




9:00-9:20 Welcome and Opening Remarks (Conference Hall)

                Marius Jurgilas (Bank of Lithuania)                 Edita Gimžauskienė (Kaunas University of Technology)                 Kotryna Stankutė (Global Lithuanian Leaders)



9:30-11:30 Session I: Banking (Conference Hall, chair: Patrick Grüning, Bank of Lithuania and Vilnius University)

                Personal Bankruptcy, Bank Portfolio Choice and the Macroeconomy

                Eglė Jakučionytė (Tinbergen Institute and the University of Amsterdam)

                Discussant: Patrick Grüning (Bank of Lithuania and Vilnius University)


                Banking Regulation, Institutional Quality, and Financial Crises

                Marchionne Francesco (Indiana University) and Pisicoli Beniamino

                Discussant: Yannick Lucotte (Paris School of Business)


                Competition and Credit Procyclicality in European Banking

                Yannick Lucotte (Paris School of Business) and Aurélien Leroy

                Discussant: Marchionne Francesco (Indiana University, Kelley School of Business)


9:30-11:30 Session II: Health and Development (Hub, chair: Jovita Vasauskaitė, Kaunas University of Technology)

                Those Who Can't Sort, Steal: Caste, Occupational Mobility, and Rent-Seeking in Rural India

                Nicholas Lawson (UQAM) and Dean Spears

                Discussant: Benedetta Lerva (IIES, Stockholm University)


                Perceived Quality and Choice of Health Care Provider: Analyzing the Determinants of Choice of Maternity Clinics for Pregnant Women

                Ieva Sriubaitė (CINCH Health Economics Research Center), Daniel Avdic, Giuseppe Moscelli, and Tugba Buyukdurmus

                Discussant: Nicholas Lawson (UQAM)


                Decomposing Health Inequality in the EU

                Gintarė Mažeikaitė (LISER and Maastricht University), Cathal O’Donoghue, and Denisa M. Sologon

                Discussant: Rytis Krušinskas (Kaunas University of Technology)




11:30-12:00 – Break




12:00-13:00 – Keynote Speech (Conference Hall)

                Who Becomes a Politician?

                Torsten Persson (Institute for International Economic Studies, Stockholm University)



13:00-14:30 – Lunch and Poster Session

                Jump and Leverage Components in Stock Market Volatility: a New Empirical Approach

                Fabio Calonaci (Queen Mary, University of London)


                Political Investment and Pay for Politicians: Evidence from the French Municipal Elections

                Nicolas Gavoille (Stockholm School of Economics in Riga and Universite de Rennes 1)


                Sorry, but You Won’t Make Money on Nasdaq Baltic by Trading Indices Daily

                Arvydas Jadevičius


                The Peer Comparison in Real Time: a Field Experiment of Water and Electricity Consumption

                Andrius Kazukauskas (Umeå University), Jūrate Jaraitė (Umeå University), and Thomas Broberg


                Unintended Effects of Development Programs: Evidence From an Education Intervention

                Benedetta Lerva (IIES, Stockholm University)


                Naughty Firms, Noisy Disclosure

                Alminas Žaldokas (HKUST), Thomas Bourveau, and Guoman She


                The Impact of Economic and Social Factors Changes on Person's Attitude to Risk: An Approach of Behavioural Economics in the Context of International Migration Intentions

                Ineta Žičkutė (Kaunas University of Technology)



14:30-16:30 Session III: Political Economy (Conference Hall, chair: Audinga Baltrūnaitė, Bank of Italy)

                Political Connections and White-collar Crime: Evidence from Insider Trading in France

                Thomas Bourveau (HKUST), Renaud Coulomb, and Marc Sangnier

                Discussant: Nicolas Gavoille (Stockholm School of Economics in Riga and Universite de Rennes 1)


                US Political Corruption and Resolution of Failing Banks

                Ieva Sakalauskaitė (University of Amsterdam)

                Discussant: Rik Sen (UNSW Business School)


                Why Does the Economy Matter? Voting for Extreme Right-wing Populist Parties in Sweden

                Sirus Dehdari (IIES, Stockholm University)

                Discussant: Alessandro Vecchiato (New York University and Fondazione Rodolfo Debenedetti)


14:30-16:30 Session IV: Central Banking (Hub, chair: Mihnea Constantinescu, Bank of Lithuania)

              Forecasting Euro Area Inflation Using Targeted Predictors: Is Money Coming Back?

                Matteo Falagiarda (ECB) and João Sousa

                Discussant: Julius Stakėnas (Bank of Lithuania)


               On Sunspot Fluctuations in Variable Capacity Utilization Models

                Remi Vives (Aix-Marseille School of Economics)

                Discussant: Anh Dinh Minh Nguyen (Bank of Lithuania)


                What Are the Macroeconomic Effects of the ECB QE? Empirical Evidence from Structural Bayesian VAR

                Andrejs Zlobins (University of Latvia)

                Discussant: Aurelija Proškutė (Bank of Lithuania)




19:00 - Dinner (By invitation only)



Day 2 (June 28th)



10:00-12:00 Session V: International Economics (Conference Hall, chair: Mariarosaria Comunale, Bank of Lithuania)

                Why Are Import Prices More Elastic to Local Currency Devaluations Than Revaluations?

                Justas Dainauskas (University of York) 

                 Discussant: Mariarosaria Comunale (Bank of Lithuania)


                Trade Integration and the Polarisation of Eco-labelling Strategies

                Vera Danilina (Aix-Marseille School of Economics)

                Discussant: Justas Dainauskas (University of York)


                Monetary Policy, Trade, and Endogenous Growth under Different International Financial Market Structures

                Aurelija Proškutė (Bank of Lithuania), Michael Donadelli, Patrick Gruning, and Christian Schlag

                Discussant: Konstantins Benkovskis (Stockholm School of Economics in Riga and Latvijas Banka)


10:00-12:00 Session VI: Industrial Organization (Hub, chair: Deniz Okat, HKUST)

                Information Disclosure by a Seller in a Sequential First-Price Auction

                Helmuts Azacis (Cardiff University)

                Discussant: Deniz Okat (HKUST)


                Framing in the Games of Competition

                Aidas Masiliūnas (Aix-Marseille University) and Heinrich H. Nax

                Discussant: Vaiva Petrikaitė (IAE-CSIC and Barcelona GSE)


                Disentangling the Link Between Product Relatedness, Parental Hostility, and Spin-Off Performance

                Eglė Vaznytė (Ghent University), Petra Andries, and Sarah Demeulemeester

                Discussant: Thomas Bourveau (HKUST)




12:00-13:00 – Lunch Break



13:00-15:00 Session VII: Public Economics (Hub, chair: Linas Tarasonis, Bank of Lithuania and Vilnius University)

                U.S. Municipal Yields and Unfunded State Pension Liabilities

                Zina Lekniutė (University of Amsterdam), Roel Beetsma, and Eduard Ponds

                Discussant: Mihnea Constantinescu (Bank of Lithuania)


                Unequal Neighbors - Population Growth Divergence in Europe

                Sebastian Weiske (Goethe University Frankfurt)

                Discussant: Rémi Vives (Aix-Marseille University)


                The Importance of the EU Regional Support Programmes for the Firm Performance

                Konstantīns Beņkovskis (Stockholm School of Economics in Riga and Latvijas Banka), Oļegs Tkačevs, and Naomitsu Yashiro

                Discussant: Tadas Gedminas (Stockholm School of Economics)


13:00-15:40 Session VIII: Corporate Finance (Conference Hall, chair: Alminas Žaldokas, HKUST)

                Right-to-work Laws and Corporate Investment Decisions

                Dalia Marčiukaitytė (Illinois State University)

                Discussant: Janis Berzins (BI Norwegian Business School)


                Inside Brokers

                Rik Sen (UNSW Business School), Frank Weikai Li, and Abhiroop Mukherjee

                Discussant: Eglė Karmazienė (University of Groningen)


                Shareholder Conflicts and Dividends

                Janis Berzins (BI Norwegian Business School), Øyvind Bøhren, and Bogdan Stacescu

                Discussant: Alminas Žaldokas (HKUST)


                Fund Flows and Investor Sentiment

                Eglė Karmazienė (University of Groningen)

                Discussant: Dalia Marčiukaitytė (Illinois State University)