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Venue: ISM University of Management and Economics, Arklių str. 18., Vilnius

Please be advised that presentations will take place in parallel sessions.

9:00-9:15 Welcome and Opening Remarks (Room 310)

Alfredas Chmieliauskas (President of ISM University of Management and Economics)

Marius Jurgilas (Member of the Board of the Bank of Lithuania)

9:15-10:45 Session I: Household Economics (Room 411, chair: Alminas Žaldokas, HKUST)

Motives for Entrepreneurial Saving: Evidence from Sweden

Eglė Karmazienė (Stockholm School of Economics) with Fatemeh Hosseini (Stockholm School of Economics)

Discussant: Nadège Marchand (Université de Lyon)

Reducing Crime and Violence: Experimental Evidence on Adult Noncognitive Investments in Liberia

Julian C. Jamison (The World Bank) with Christopher Blattman (Columbia University) and Margaret Sheridan (University of North Carolina)

Discussant: Audinga Baltrunaitė (IIES, Stockholm University)

Which Factors are Crucial in Explaining Households’ Saving Behavior?

Vilma Deltuvaitė (Kaunas University of Technology) with Svatopluk Kapounek (Mendel University in Brno) and Petr Koráb (Mendel University in Brno)

Discussant: Konstantins Benkovskis (Bank of Latvia)

9:15-10:45 Session II: Banking (Room 408, chair: Mihnea Constantinescu, Bank of Lithuania)

Bank Misconduct over the Business Cycle

Ieva Sakalauskaitė (University of Amsterdam)

Discussant: Simonas Krėpšta (Bank of Lithuania)

Bank Asset Reallocation and Sovereign Debt

Francesco Marchionne (Indiana University) with Michele Fratianni (Indiana University)

Discussant: Mihnea Constantinescu (Bank of Lithuania)

Shifting Currency Mismatch Losses: Effects on Corporate Debt Overhang and Leveraged Banks

Eglė Jakučionytė (University of Amsterdam) with Sweder J. G. van Wijnbergen (University of Amsterdam)

Discussant: Marius Jurgilas (Bank of Lithuania)

10:45-11:00 – Break (Next to room 310)

11:00-12:15 – Keynote Speech (Room 310)

Simon P. Anderson (University of Virginia)

12:15-14:15 – Lunch and Poster Session (Room: Innovators Base)

Risk and Abnormal Returns in Markets for Financial Transmission Rights

Rimvydas Baltaduonis (Gettysburg College) with Nathan Blyler (Gettysburg College) and James Myers (Gettysburg College)

The Triad of Economic Growth, FDI, and Financial Market Development in CEE Countries

Asta Klimavičienė (ISM University of Management and Economics) with Vaida Pilinkiene (Kaunas University of Technology)

Financing and Advising with (Over)confident Entrepreneurs: an Experimental Investigation

Nadege Marchand (Université de Lyon) with Laurent Vilanova (Université de Lyon) and Walid Hichri (Université de Lyon)

Sorting Within and Across French Production Hierarchies

Grigorios Spanos (Aix-Marseille School of Economics)

The Changing Nature of Gender Selection into Employment: Europe over the Great Recession

Linas Tarasonis (Aix-Marseille School of Economics) with Juan J. Dolado (European University Institute) and Cecilia Garcia-Peñalosa (Aix-Marseille School of Economics)

Demographic Transition, Economic Growth and the Sustainability of the Public Pension System in Hungary

Gergely Varga (Corvinus University of Budapest)

Does Debt Have Strategic Value in Product Markets? Evidence from Antitrust Policy

Alminas Žaldokas (HKUST) with Sudipto Dasgupta (Lancaster University)

14:30-16:00 – Session III: Macro Theory (Room: 411, chair: Marius Jurgilas, Bank of Lithuania)

Commodities, Financialization, and Heterogeneous Agents

Patrick Grüning (CEFER, Bank of Lithuania, Vilnius University) with Nicole Branger (University of Muenster) and Christian Schlag (Goethe University Frankfurt)

Discussant: Dmitrij Celov (National Audit Office of Lithuania)

Investment-Specific Shocks, Business Cycles, and Asset Prices

Michael Donadelli (Goethe University Frankfurt) with Giuliano Curatola (Goethe University Frankfurt), Patrick Grüning (CEFER, Bank of Lithuania, Vilnius University) and Christoph Meinerding (Goethe University Frankfurt)

Discussant: Aurelija Proškutė (Bank of Lithuania)

Monetary Policy under Behavioral Expectations: Theory and Experiment

Matthias Weber (CEFER, Bank of Lithuania, Vilnius University) with Cars Hommes (University of Amsterdam) and Domenico Massaro (University of Amsterdam)

Discussant: Sigitas Šiaudinis (Bank of Lithuania)

14:30-16:00 – Session IV: Economic Policy (Room 408, chair: Vaiva Petrikaitė, Barcelona GSE and IAE-CSI)

Aging and Public Policies in the Baltic Way

Zsuzsa Munkacsi (CEFER, Bank of Lithuania, Vilnius University) with Daniel Baksa (Central European University, Hungarian Academy of Sciences)

Discussant: Gergely Varga (Corvinus University of Budapest)

Matching Efficiency and Skill Mismatch in the UK

Elena Lisauskaitė (Royal Holloway, University of London)

Discussant: Linas Tarasonis (Aix-Marseille School of Economics)

Let the Voters Choose Women

Audinga Baltrūnaitė (IIES, Stockholm University) with Alessandro Casarico (Università Bocconi), Paola Profeta (Università Bocconi) and Giulia Savio (Università della Svizzera Italiana)

Discussant: Asta Klimavičienė (ISM University of Management and Economics)

16:00-16:30 – Break (Next to room 310)

16:30-18:00 – Session V: Econometrics (Room 411, chair: Vaidotas Zemlys-Balevičius, Vilnius University)

Comparing Density Forecasts in a Risk Management Context

Hao Fang (University of Amsterdam) with Cees G. H. Diks (University of Amsterdam)

Discussant: Justinas Pelenis (Institute for Advanced Studies)

Estimating the Local Average Treatment Effect of R&D Subsidies in a Pan-European Program

Paul Hünermund (KU Leuven) with Dirk Czarnitzki (KU Leuven)

Discussant: Grigorios Spanos (Aix-Marseille School of Economics)

A Factor Analytical Method for Interactive Effects Dynamic Panel Models with Moving Average Errors

Milda Norkutė (Lund University)

Discussant: Vaidotas Zemlys-Balevičius (Vilnius University)

16:30-18:00 – Session VI: Microeconomics (Room 408, chair: Linas Tarasonis, Aix-Marseille School of Economics)

Taxation and the Sustainability of Collusion: Ad Valorem versus Specific Taxes

Helmuts Azacis (Cardiff University) with David R. Collie (Cardiff University)

Discussant: Vaiva Petrikaitė (Barcelona GSE and IAE-CSI)

Overcoming Coordination Failure in a Critical Mass Game: Strategic Motives and Action Disclosure

Aidas Masiliūnas (Aix-Marseille School of Economics)

Discussant: Rimvydas Baltaduonis (Gettysburg College)

Trading off Tax Effects and Agency Effects in Dividend Policy

Janis Berzins (BI Norwegian Business School) with Øyvind Bøhren (BI Norwegian Business School) and Bogdan Stacescu (BI Norwegian Business School)

Discussant: Eglė Karmazienė (Stockholm School of Economics)

19:15 - Dinner (By invitation only)