Bank of Lithuania

At the Bank of Lithuania, the majority of research is carried out by researchers from The Center for Excellence in Finance and Economic Research (CEFER) and The Applied Macroeconomic Research Unit (TMTS).

The Center for Excellence in Finance and Economic Research (CEFER) cooperates with Vilnius University (VU) and Kaunas University of Technology (KTU), attracting international researchers, raising the quality of economic and financial education, changing the academic culture, encouraging debate, and striving to establish itself as a leading center of economic research in the entire Baltic region. TMTS conducts applied economic research, the results of which contribute to monetary and other economic policy decisions.

Research Assistants


Eglė Skliauskytė, Master’s candidate, Toulouse School of Economics

During her internship at CEFER, Eglė assisted the research team with their current research projects, such as DSGE model application for Ukraine and explaining cross-country differences in equity risk premia. She is currently pursuing a Master’s degree at Toulouse School of Economics in France. Prior to her graduate studies, Eglė completed a 3-year graduate programme in Tax Advisory at Ernst & Young in London. Eglė holds a first-class Bachelor’s degree in Business Economics from Lancaster University; she also has prior work experience at KPMG Baltics and SEB. 


Akvilė Bertašiūtė, Master’s student in Econometrics, Vilnius University

Akvilė joined CEFER after finishing her internship at the Monetary Policy Division at the Bank of Lithuania. During her internship, she gained valuable insights into behavioural and theoretical macroeconomic research. Akvilė was involved in a project in estimating the New Keynesian model with behavioural expectations. Currently she is a Master’s student in Econometrics at Vilnius University, where she finished her Bachelor’s degree.

Internship duration: 26/05/2016–23/12/2016

Tadas Kriščiūnas, MMathPhil candidate in Mathematics and Philosophy, University of Oxford

After finishing his Master’s degree studies at the University of Oxford, Tadas joined the Bank of Lithuania research team as an intern. Previously, he worked at an Oxford-based hedge fund. At the Applied Macroeconomic Research Division, Tadas focused on developing a filtering algorithm to extract the natural rate from the data. He is also interested in machine learning methods that can be applied to language recognition.

Internship duration: 27/06/2016–05/08/2016



CEFER Alumni


Matthias Weber

Duration of stay: 2015 - 2018

Publications during the stay in CEFER:

Placement after CEFER: University of St. Gallen, Assistant Professor at the School of Finance

Zsuzsa Munkacsi

Duration of stay: 2015 - 2016

Placement after CEFER: International Monetary Fund, Economist at Strategy, Policy, and Review Department (SPR)


Last update: 10-11-2020