Category: Uncategorized

You are welcome to join the online research seminar by the Department of Finance which will take place on Thursday, 20 February, 15:30-16:30. During the seminar Greta Keliuotytė-Staniulėnienė will present the topic „Evaluation of The Impact of a Company`s ESG Profile on Stock Price Resilience And Financial Performance – a Cross-Sectoral Approach“.

MS Teams link

Bank of Estonia is pleased to invite submissions for the Public Finance Workshop to be held on Wednesday, 18 June 2025, in Tallinn, Estonia. The workshop will be held in conjunction with the external meeting of the ESCB Working Group on Public Finance, scheduled for 17 June 2025.

 

The organisers welcome submissions on all aspects of fiscal policy and public finance, from both academics and practitioners. We kindly invite you to share this call for papers with any colleagues who may be interested in presenting at the workshop.

Authors wishing to present a paper are invited to submit an extended abstract by 14 March 2025 to wgpf_tallinn@eestipank.ee.

Authors will be notified of selection by 31 March 2025. The deadline for the submission of the final version of papers is 26 May 2025.

Organisers:
Katri Urke, Economist, Eesti Pank
Karsten Staehr, Research Supervisor, Eesti Pank
Liina Kulu, Economist, Eesti Pank

For any questions, please do not hesitate to contact the organisers at wgpf_tallinn@eestipank.ee.

We are pleased to invite submissions for the 7th Baltic Economic Conference that will take place on June 26-27, 2025, in Vilnius, Lithuania. The Baltic Economic Conference is organized by the Baltic Economic Association in cooperation with Lietuvos Bankas and ISM University of Management and Economics.

We welcome full-length paper submissions from all fields of economics and finance. Each paper will be assigned a discussant.

Keynote Speaker: Luigi Guiso

Important dates:

• March 15: Deadline for submissions
• April 15: Decisions on submissions
• April 30: Registration deadline

Conference venue:  ISM University of Management and Economics, 7 Gedimino Avenue, Vilnius, Lithuania. On-site participation only.

Visit https://conf2025.balticecon.org/ for more information!

We are looking forward to receiving your paper! You can submit it here:
https://www.conftool.pro/bec2025/

Welcome to the third edition of the Baltic Central Banks’ Invited Lecture Series (BCBILS)!

We are pleased to invite submissions to the seminar which is part of the 2025 edition of the Baltic Central Banks’ Invited Lecture Series (BCBILS), to be held from May 21 to May 23, 2025, in Riga, Latvia.

The BCBILS training course in 2025 will be delivered by renowned macroeconomist Professor Óscar Jordà, a senior policy advisor at the Federal Reserve Bank of San Francisco and Professor of Economics at the University of California. Professor Jordà is widely recognized for his research on monetary and fiscal policy and his pioneering work on local projections in applied economic research. The course topic is “Local projections for applied economics”. The training course is designed for researchers from policy institutions and universities, as well as advanced-level PhD students. It will be accompanied by a seminar focused on research utilizing local projections in applied economics.

We invite papers that explore the use of local projections in applied economic research. The selection process will be conducted by a joint committee comprising representatives from the central banks of Latvia, Lithuania, and Estonia.

Please note that presenting a paper at the seminar is a requirement for being eligible to attend the two-day course.

Details of the lecture and the seminar are as follows:

• Lecture: May 21, 2025 and May 22, 2025
• Seminar: May 23, 2025

There are no registration fees for lectures or the seminar. Lunch costs are covered by organizers. Traveling and accommodation costs are not covered.

Application documents:

Please send your application containing the CV and a complete research paper you wish to present by 28 February 2025 to Mr. Olegs Tkacevs (olegs.tkacevs@bank.lv). Please also indicate in your application whether you wish to participate at both events or at the seminar only.

You are invited to the research seminar by the Department of Management which will take place on Thursday, February 6^th. During the seminar Riccardo Beltramo (University of Torino) will present the topic „Research on Tourism in the Context of Sustainable Development. International Experience and Cooperation.“

• Time: February 6, 12:00-13:00
• Venue: TechHub conference room (40) (Faculty of Economics and Business Administration, Saulėtekio al.9, 2nd building, 2nd floor) and MS Teams (Join the meeting now )

You are kindly invited to attend the Eesti Pankʼs research seminar on 30 January at 11:00 am, during which Mykola Ryzhenkov (University of Osnabrück) will present on “Financial frictions, markups and unilateral trade liberalization”. The co-authors of the study are Andrii Tarasenko and Volodymyr Vakhilov.

The authors study the response of a small open economy with credit constraints and variable markups to unilateral trade liberalization by a more developed trading partner. They use a dynamic heterogeneous agents model to quantify the welfare and allocative efficiency effects of unilateral increase in Ukraine’s market access to the EU in 2014. To obtain a better match with the data, they allow for variable markups in the domestic market, endogenous trade imbalances, and interest rate increasing with the level of foreign debt. The authors find that better market access improves welfare but lowers allocative efficiency in the economy, as reduction in markup dispersion is too weak to offset increase in capital misallocation. Variable markups exacerbate worsening allocative efficiency in the presence of credit constraints.

More information about Mykola Ryzhenkov: https://sites.google.com/view/mykolaryzhenkov

Meeting information in Microsoft Teams:
https://teams.microsoft.com/l/meetup-join/19%3ameeting_M2Y5ZWVmMWQtM2VmMC00ZmI4LThkYTgtNGFhNzY3MTlhM2Zi%40thread.v2/0?context=%7b%22Tid%22%3a%227612cc54-c497-4c75-8ece-146688e01419%22%2c%22Oid%22%3a%2234f7d67c-4c01-4f87-999e-db6bff5cc8d7%22%7d

Meeting ID: 385 179 756 607
Password: cE755vx7

On December 16, 10:00 – 15:40, Bank of Lithuania is organising the Annual Economics Conference: Pillars of Resilience Amid Global Geopolitical Shifts. The event will be broadcast online.

The year 2025 will mark the 10th anniversary of the euro introduction in Lithuania. Lietuvos bankas dedicates its Annual Economics Conference to commemorate this occasion. The central theme of the conference, “Pillars of Resilience Amid Global Geopolitical Shifts”, is an invitation to reflect on the critical challenges facing Europe today and the actions necessary to cope with them.

During this conference we will discuss the role of the European integration in strengthening Europe’s economic potential and resilience as well as address a broader range of related topics, including response to geopolitical fragmentation and its economic effects, enhancing strategic autonomy, and upscaling of our industrial capacity (including defence).

Program: https://www.lb.lt/en/events/annual-economics-conference-pillars-of-resilience-amid-global-geopolitical-shifts

You are kindly invited to attend the Eesti Pankʼs research seminar in Webex on 12 December at 10:30 am. During this seminar, Timo Kuosmanen (University of Turku) will present on “Can omitted carbon abatement explain productivity stagnation?”. 

Explaining the secular stagnation of productivity growth is a widely recognized challenge to economists and policymakers. One potentially important explanation without much attention concerns the ongoing low-carbon transition. This paper explores whether considering greenhouse gas emissions can explain productivity stagnation in OECD countries. We propose a quantile shadow-price Fisher index to gauge green total factor productivity (TFP) based on the newly developed penalized convex quantile regression approach. The quantile shadow-price Fisher index requires neither the real price data nor an ad hoc choice of quantiles and allows the quantiles to move in the inter-period sample. An empirical application to 38 OECD countries during 1990–2019 demonstrates that the measured productivity growth is considerably higher when the GHG emissions are accounted for. For countries that have reduced GHG emissions most actively, the average green TFP growth rate could double the conventional TFP growth. The impacts of ignoring human capital and different representations of fixed capital on green TFP growth are also discussed explicitly.

Co-authors of the paper:
Sheng Dai (Zhongnan University of Economics and Law, China) and Xun Zhou (University of Surrey, UK)

Meeting information in Webex:
https://eestipank.webex.com/eestipank/j.php?MTID=m64ea603f7669f1e848a11885dabdee5c

Meeting number: 2744 166 2483
Password: UZrszPT2k63 (89779782, from phones and video systems)

On 27 November at 11:00-12:00 you are invited to attend the research seminar of the School of Economics and Business Administration of the University of Tartu in which Jaanika Meriküll (Bank of Estonia, University of Tartu) will present the research project “Productivity-enhancing reallocation during the Covid-19 pandemic”.

This paper studies how the Covid-19 pandemic and the extensive job retention support that accompanied it affected productivity in Europe. The focus is on the reallocation channel and productivity-enhancing reallocation of jobs, following Foster et al., 2016. An extensive micro-distributed analysis of firm-level data for 11 euro area countries is used. The unique firm-level datasets are constructed by merging balance-sheet and income-statement data with policy support data. The paper exploits variation in employment responsiveness to productivity over time, particularly examining the relationship between changes in employment responsiveness and the job retention support in 2020 and studying how well the support was targeted by firm productivity. Acknowledging limitations of a small set of countries covered and occasionally large confidence bounds around estimates, the findings suggest that (1) productivity-enhancing reallocation was weaker in the pandemic than in the Great Recession; (2) The countries that were more generous with job retention support and countries where more support was allocated to low-productivity firms showed weaker productivity-enhancing reallocation in 2020.

Co-authors: Tibor Lalinsky and Paloma Lopez-Garcia

The paper is published in the Working Paper Series of the Eesti Pank: https://haldus.eestipank.ee/sites/default/files/2024-09/wp_2024_5.pdf

Zoom meeting

The 2025 Annual Meeting of the Finnish Economic Association will be held in Tallinn on February 6–7, 2025 in cooperation with Tallinn University of Technology (TalTech).

Theoretical and empirical papers in all areas of economics are welcome. Researchers and graduate students from both Finland and Estonia will be presenting their research at the conference. Extended abstracts of the proposed papers should be submitted by December 1, 2024, 11.59 pm using the following submission form:

https://link.webropolsurveys.com/S/E1B3139148F7DE39

The attachment includes information on the conference and on how to submit a presentation. Information on the conference are also available at Association’s web pages:

https://www.taloustieteellinenyhdistys.fi/kt-paivat/in-english/

Additional information:
Max Toikka, secretary of the Finnish Economic Association
sihteeri@taloustieteellinenyhdistys.fi