CEFER

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Main goals

CEFER aims to:

• improve the quality of economics and finance education in Lithuania;
• to promote high-level debate on relevant academic issues in economics and finance;
• organise seminars, conferences, lectures, trainings and invited lecture series;
• educate the public;
• strengthen the image of the Bank of Lithuania as a center of excellence in finance and economics;
• to research a wide range of economic and financial issues, contributing to quality decision-making necessary for the Bank of Lithuania's core functions, and to publish them in international research journals of the highest repute.

Research priorities

Economists at CEFER conduct academic research and publish their papers in well-reputed scientific journals. Main research topics include the following:

• Quantitative macroeconomics;
• Household finance;
• International trade;
• International macroeconomics;
• Finance;
• Labour economics;
• Macrofinance;
• Real Estate Economics.

Center activities

• Development, administration and teaching of the Quantitative Economics Bachelor program;
• Planning, organizing and teaching doctoral courses;
• Training of Bank of Lithuania staff and researchers;
• Administration of Bank of Lithuania Science Prizes;
• International conferences, Baltic Central Banks invited lecture series, research seminars, workshops:
  • "Vilnius Winter meetings"; 
  • CEFER/VU/KTU workshop; 
  • CEFER Challenge; 
  • Jeronimas Stroinovskis lecture series.
• Research projects with Lithuanian and foreign researchers;
• Cooperation with scientific (VU, KTU), economic policy and research institutions (CEPR, CEBRA, STRATA, etc.);
• Center for Economic Expertise at the Vilnius University.

You can learn more about past and upcoming events of the Bank of Lithuania here.

External Evaluation Report of CEFER

• 2023 Evaluation Report of CEFER (261.8 KB download icon)

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The full list of researchers at the Bank of Lithuania is available here. 

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Cefer Insights

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Data initiative

To learn more about databases developed by Bank of Lithuania researchers click here.

Internship at CEFER

The CEFER internship programme aims to guide interns through the process of writing academic research papers in the field of economics. At CEFER our research focuses on a diverse range of topics, including macro-finance, banking and international economics. CEFER invites students studying in Lithuania and abroad to apply for an internship position.

Eligible candidates

• Master’s degree students or having at least a Bachelor’s degree in Economics, Statistics, Mathematics, Finance or another related field
• Ambitious and willing to contribute to one or several CEFER research projects
• Excellent written and verbal skills in English

Considered advantages

• Knowledge of one or several statistical software (e.g. R, Matlab, Eviews, Stata)
• Enrolment in a PhD programme

Internship-related tasks will depend on the intern’s level of experience, education and will be assigned and discussed at the start of the programme.

How to apply

In order to apply, please send your application (in English) by email to tl.bl@sbojrefec with the following attachments:

1. CV
2. Motivational letter
3. Academic statement/record of courses you have passed and your average grade.
4. Please provide the contacts of a university professor/course instructor willing to give their recommendation regarding your internship.
5. Area or topic you wish to concentrate on during the internship, with a detailed description and a short description of research papers (including term papers, Bachelor’s or Master’s thesis), should you have already written any.

Applications will be considered on a rolling basis and usually last for up to two months.

Other activities

Awards and scholarships

In order to encourage high-quality research in Lithuania, CEFER and the Bank of Lithuania grant awards for scientific activities. For more information click here. 

Editorial activities

CEFER researchers are involved in editing and refereeing peer-reviewed academic journals such as the Baltic Economic Journal.

Networks

CEFER is part of NERO, a network of National Economic Research Organisations.

Partners

CEFER is proud to have the following partners:

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Research priorities

Economists at CEFER conduct academic research and publish their papers in well-reputed scientific journals. Main research topics include the following:

• Macro-finance
• Banking
• Behavioural macroeconomics and finance
• International economics and finance
• Macroeconometric methods and modelling
• Dynamic Stochastic General Equilibrium (DSGE) models
• Labour economics

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