Bank of Lithuania
December 16 10:00 - 12:00


10:00 – Bank of Lithuania, Microsoft Teams channel


10:00 – 10:05

Welcome and Opening Remarks

10:05 – 10:25

Eglė Jakučionytė (CEFER) “School Closures in Lithuania and Short-Term Implications for Student OutcomesSlides (441 KB download icon)
- The key features of optimization of school network in Lithuania since 2008.
- How the closure of schools might affect educational attainment of displaced students’ probability of taking national-level exams?
- What is the effect on their national-level exams results?
- Do these effects have an impact on the displaced students’ probability of attending higher education?

10:25 – 10:45

Linas Tarasonis (TMTS) “Minimum Wage Effects on Labour Market in LithuaniaSlides (973.1 KB download icon)
- The dynamics of minimum wage in Lithuania
- What are the effects of a minimum wage rise on the wage level and distribution in Lithuania?
- Are the minimum wage increases associated with employment losses?
- Are there any specific groups that are affected more than the others?

10:45 – 11:05

Aurelija Proškutė (TMTS) “What Happens When Trade Stops?Slides (3.1 MB download icon)
- What are the primary effects on the Lithuanian exporters after the Russian imports embargo on selected EU exports in 2014?
- How did the firms adjust over time due to this negative trade shock?
- Have there been different strategies in firms’ adjustments?

11:05 – 11:10

Virtual Coffee Break

11:10 – 11:30

Valentin Jouvanceau (TMTS) “New Facts on Consumer Price Rigidity in the Euro Area
- What do millions of consumer price records tell us about price setting in the Euro area?
- How do price change statistics reflect homogeneity of pricing behavior in the Euro area?
- How does Lithuania compare to other countries?
- Which of the intensive margin or the extensive margin is driving inflation in Euro area?

11:30 – 11:50

Povilas Lastauskas (CEFER) “What Explains Excess Trade Persistence? A Theory of Habits in the Supply ChainsSlides (1.5 MB download icon)
- How do bilateral trade flows adjust in response to shocks over time?
- Is trade persistence as high as thought before?
- What is the potential explanation of the sharp decline and the rapid recovery of the global trade flows during the "Great Trade Collapse" of 2008-2009?
- Do global value chains enhance or reduce foreign trade stability?

11:50 – 11:55

Closing Remarks

Last update: 13-12-2022