Bank of Lithuania

Visiting Researcher Programme

The Programme is intended for scientists holding a PhD in economics, finance or econometrics or PhD candidates in these fields who are fluent in written and spoken English. Proficiency in Lithuanian is not required.

The selected visiting researchers, either individually or together with Bank of Lithuania employees, conduct economic research agreed on ahead of time. The research results are presented in seminars as well as featured in Bank of Lithuania publications and peer-reviewed scientific journals.

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Who coordinates the Visiting Researcher Programme?

The Programme is coordinated by the Applied Macroeconomic Research Division of the Economics Department, which:

  • conducts applied research in the fields of macro-economics, money, labour, international economics;
  • seeks to strengthen the analytical and strategic functions of the Economics Department, namely to carry out and publish high-quality economic research, as well as assist the Bank of Lithuania in making decisions on issues related to monetary policy and economic policy in general;
  • is responsible for the creation and improvement of macroeconomic models applied to projections, analysis of scenarios and policy assessment.

Research priorities

In selecting researchers to participate in the Programme, proposals in all areas of economics relevant to central banks are considered, yet priority is given to research projects on topics most in line with the research priorities of the Applied Macroeconomic Research Division. These include:

  • monetary policy transmission mechanism 
  • microlevel empirical analysis of household and corporate decisions
  • international economics: trade and global value chains
  • issues of the industrial organisation of the banking sector
  • determinants of average inflation in converging economies
  • labour costs, productivity and competitiveness
  • labour market, skill mismatch and structural unemployment
  • macro-financial and fiscal linkages
  • automatic fiscal stabilisers, fiscal multipliers and fiscal rules
  • dynamic macroeconomic modelling

How can I submit an application?

Applications must be submitted in English.

Applications should be submitted by email: karjera@lb.lt (preferably in PDF). Please indicate ‘BoL VRP–2017’ in the subject line.

For more information on the Programme, contact Mihnea Constantinescu, Head of the Applied Macroeconomic Research Division, mconstantinescu@lb.lt.


Who can participate in the Visiting Researcher Programme?

Applicants should hold a PhD or be PhD candidates in the fields of economics, finance or econometrics. They must be fluent in spoken and written English. Proficiency in Lithuanian is not required.

In selecting researchers, priority will be given to those having relevant research experience, as well as authors of academic publications and researchers with teaching experience.


Employment conditions

  • The selected visiting researchers, either individually or together with Bank of Lithuania employees, conduct economic research agreed on ahead of time. The research results are presented in seminars as well as featured in Bank of Lithuania publications and peer-reviewed scientific journals.
  • Visiting researchers will be provided with a work space, access to the Bank of Lithuania library, data resources and computing facilities.
  • Remuneration is in line with the Bank of Lithuania’s remuneration system.
  • The duration of the project is flexible and determined by the amount of time needed for its completion (typically ranging from 3 to 6 months).

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Last update: 13-04-2017