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.