Month: September 2024

On 26 September at 10:30 am you are kindly invited to attend in Webex the Eesti Pankʼs research seminar in which Simona Malovaná (Czech National Bank) will make the presentation on “Distributional Effects of Borrower-Based Macroprudential Measures”. 

Using household-level survey data on 22 European countries collected in four waves between 2010 and 2022, we document the distributional effects of borrower-based macroprudential measures (BBM). We find that the tightening of the BBM significantly reduces the availability of mortgages for lower-income households, leading to increased reliance on renting. Regulation works not only through the extensive margin by cutting off risky borrowers from the mortgage market, but also through the intensive margin by reducing the average loan amount of households with lower incomes. This reduction in risk has the positive side effect of lower borrowing costs, benefiting mainly households with above-average incomes. The easing of BBM, observed in several countries, does not yet fully reverse these effects.

Co-authors of the paper: Dominika Ehrenbergerová and Zuzana Gric (both Czech National Bank)
Meeting information in Webex:

https://eestipank.webex.com/eestipank/j.php?MTID=mf162bf94d33d516f47dd24bb5374b944

Meeting number: 2744 273 2237
Password: jAfGTrSb226 (52348772, from phones and video systems)

The 52nd Meeting of the European Public Choice Society will take place on 3-5 April 2025 in Riga and is organised by the Stockholm School of Economics in Riga.

The European Public Choice Society promotes scientific research on the economics and politics of public and non-market decision-making, political economy and the economics of institutions. The annual meeting brings together researchers with a shared interest in Public Choice.

Website: https://epcs2025.sseriga.edu/

Keynote speakers: Beata Javorcik, Raphael Frank

Conference fees will be announced later this year, but will be similar to previous EPCS Annual Meetings (350-450 euros for standard fees, reduced fees for PhD students). 

The 13th Annual Lithuanian Conference on Economic Research hosted by Lietuvos Bankas that will be held on 23 December 2024 in Vilnius, Lithuania. The paper submission portal is now open!

This one-day conference takes place every year right around Christmas and provides a forum for Lithuanian economists and their friends to meet each other. We are looking for well-defined research ideas that could benefit from the interactions in a collegial setting. We especially welcome submissions by PhD students and post-doctoral fellows. The conference will cover a broad range of topics in theoretical and empirical economics, including but not restricted to macroeconomics, microeconomics, financial economics, labour economics, and political economy.

More information available at https://meeting2024.econ.lt/

Submission. Please submit full papers or extended abstracts using the following form: https://forms.gle/DnfhuvasGbCmhNJd9

The deadline for paper submissions is November 8, 2024. The submitting authors will be notified by November 22, 2024.

Logistics. The conference will be held in person. The working language of the meeting is English. The conference is also open to researchers who do not plan to present a paper. We especially welcome the Lithuanian and Baltic economics community: postgraduate students, professors, independent experts, economic journalists and government officials. Non-presenting participants should sign up using the form by December 19, 2024: https://forms.gle/NQb4bfS5nwbZYAdP7

Organizers: Audinga Baltrūnaitė (Bank of Italy, CEPR), Žymantas Budrys (Lietuvos Bankas, Vilnius University), Agne Suziedelyte (University of London), Linas Tarasonis (Lietuvos Bankas, Vilnius University), Vytautas Valaitis (University of Surrey), Alminas Žaldokas (National University of Singapore)

The 5^th Lietuvos Bankas (LB), Narodowy Bank Polski (NBP) and the Central Bank Research Association’s (CEBRA) conference “Macroeconomic Adjustments after Large Global Shocks” will take place in Vilnius, Lithuania, on 19-20 September 2024.

Topics of the conference include but are not limited to:

• Macroeconomic and international trade effects of large global shocks
• Shock transmission, adjustment channels and heterogeneity of the effects
• Policy responses to large global shocks
• Global shocks challenges for monetary policy

Organising committee:

Julian di Giovanni (Federal Reserve Bank of New York and CEBRA), Paweł Kopiec (NBP), Andrei A. Levchenko (University of Michigan and CEBRA), Krzysztof Makarski (NBP), Aurelija Proškutė (Lietuvos bankas), Robert Rich (Federal Reserve Bank of Cleveland and CEBRA), Raphael Schoenle (Brandeis University and CEBRA), Swapnil Singh (Lietuvos bankas), Milda Savickaitė (Lietuvos bankas)

Venue: Vilnius County Adomas Mickevicius Public Library, Traku str. 10

Website: Link

Preliminary program: Link

Free registration: Link

The 45th Annual Meeting of the Finnish Economic Association will be held at Tallinn University of Technology (TalTech), Akadeemia tee 3, Tallinn on February 6th and 7th, 2025.

The Finnish Economic Association organizes the event in collaboration with TalTech School of Business and Governance and Department of Economics and Finance. The conference will cover a broad range of topics in economics and finance.

Further information on the conference call and paper submission will follow at the end of October.

During the General Meeting of the Association on 28 June 2024, Oļegs Tkačevs and Karsten Staehr have been voted in and have become new members of the BEA Board. 

Oļegs Tkačevs is a Principal Economist at the Bank of Latvia and a Lecturer at the Stockholm School of Economics in Riga. He is an Associate Editor of the Baltic Journal of Economics. His main research activities include fiscal and structural policies, competitiveness and trade. He teaches International Economics to undergraduate students. In the past, Oļegs represented the Bank of Latvia in the ESCB Working Group of Public Finance. During the Great Recession, he closely cooperated with counterparts from the IMF and EC on fiscal consolidation strategy and recommendations for structural reforms. In 2012 and 2013, he was an NCB expert at the Directorate General Economics of the European Central Bank. Oļegs holds a Ph.D. in Economics from the University of Latvia.

Karsten Staehr is Professor in public and international finance at Tallinn University of Technology and a part-time Research Supervisor at the Bank of Estonia. He holds a master’s degree from the Massachusetts Institute of Technology and master’s and Ph.D. degrees from the University of Copenhagen. He carries out research and policy analysis within macroeconomics, international finance, European integration, fiscal policy, and tax evasion. He is an associate editor of the Baltic Journal of Economics, and he is on the editorial boards of Post-Communist Economies and Panoeconomicus.

Productivity-enhancing reallocation during the Covid-19 pandemic

Working Papers of Eesti Pank 5/2024
Tibor Lalinsky, Jaanika Meriküll, Paloma Lopez-Garcia

On 18 September at 11:15-12:15 you are invited to attend the research seminar of the School of Economics and Business Administration of the University of Tartu in which Pei-fen Chen (National Sun Yat-sen University, Taiwan) will present the research project “Entrepreneurship, Mobile Payment, and Financial Inclusion for Low and Middle Income Asian Economies”.

Despite the burgeoning interest in financial technology , its cor relation to entrepreneurship remains unknown. This research addresses the gap in the literature by examining the determinants of new business entrepreneurship, specific ally focusing on mobile payment , traditional financial inclusion, and regulatory factors across selected low and middle income economies. Employing a baseline panel regression model, we conduct empirical analysis from data collected from multiple sources covering 25 developing economies in Asia spanning 2014 to 2021. The findings reveal a direct and positive effect of mobile payment systems and regulatory quality on entrepreneurship versus a negative effect of traditional financial inclusion. T he study further uncovers the impact channels through which regulatory factors interact with mobile payment systems and significantly contributes to the literature by examining how financial innovations, especially mobile payment systems, stimulate entrepreneurship on a global scale. It expands research by investigating the impact of traditional financial inclusion on new business entrepreneurship sheds light on nuanced pathways through which regulatory factors shape entrepreneurship and highlights the potential interaction effect of regulatory quality with mobile payment systems. The insights generated herein are invaluable for regulators and policymakers to make informed decisions that promote entrepreneurial growth. This is especially pertinent in the post COVID 19 era, where fostering small/new business entrepreneurship drive s sustainable economic development, while also potentially catalyzing the development of financial technology solutions to enhance financial inclusivity and entrepreneurial opportunities.

Zoom meeting
Meeting ID: 998 1085 7956
Passcode: 753583