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affiliations

Deputy Director, Economics Department, Bank of Lithuania

education

PhD in Economics , Faculty of Economics, Vilnius University, 2007

MSc in Economics , Institute of Economics, Aarhus University, 1999

BA in Economics, Faculty of Economics, Vilnius University, 1997

research

fields of interest

Macroeconomics, monetary economics, computational methods, simulation-based inference, applied time-series analysis

REVIEWER TO JOURNALS

Baltic Journal of Economics

publications

Working Papers

Profit Dynamics Across the Largest Euro Area Countries and Sectors (with L. Maurin and R. Moreno), ECB Working Paper, under revision.
Potential Output in DSGE Models (with T. Hlédik, M. Jonsson, H. Kuscera and M. Pisani), ECB Working Paper, No. 1351, 51 p., 2011.
Implementation of Scenarios Using DSGE Models (with R. Mourinho Félix, L. Frey, T. Hlédik, Z. Jakab, N. Papadopoulou, L. Reiss and M. Schneider), Bank of Lithuania Working Paper Series, No. 8, 49 p., 2010.
Estimation of the Euro Area Output Gap Using the NAWM (with G. Coenen and F. Sments), Bank of Lithuania Working Paper Series, No. 5, 30 p., 2009.
Personal Income Tax Reform in Lithuania: Macroeconomic and Welfare Implications, (with Sigitas Karpavičius), Bank of Lithuania Working Paper Series, No. 2, 36 p., 2008.
The German Block of the ESCB Multi-Country Model, (with Thomas Warmedinger), ECB Working Paper Series, No. 654, 69 p., 2006.
The Lithuanian Block of the ESCB Multi-Country Model, Discussion Papers, Bank of Finland’s Institute for Transition Economies, No. 13, 2004.
Dollarization in Lithuania: An Econometric Approach, Discussion Papers, Bank of Finland’s Institute for Transition Economies, No. 1, 55 p., 2001.

REFEREED journals

“Labour Market Flexibility in Lithuania”, with Ernestas Virbickas, Monetary Studies, Bank of Lithuania, No. 1, 5–22, 2006. (In Lithuanian)
“Econometric Analysis of Demand for Litas”, Monetary Studies, Bank of Lithuania, No. 4, 5–27, 2005. (In Lithuanian)
“Growth Accounting in the Baltics”, Monetary Studies, Bank of Lithuania, Vol. VII, No. 4, 14–34, 2003. (In Lithuanian)
“Monetary Transmission Mechanism in Lithuania”, (with Raimondas Kuodis), Monetary Studies, Bank of Lithuania, Vol. VI, No. 3, 27–63, 2002. (In Lithuanian)
“Lithuanian inflation and its factors”, Monetary Studies, Bank of Lithuania, Vol. VI, No. 2, 24–44, 2002. (In Lithuanian)
“Barriers to Growth in the Baltics”, (with Mark Chandler and Jekaterina Rojaka), Economic and Business Review for Central and South-Eastern Europe, Ljubljana, Vol. 4, No. 3–4, 207–225, 2002.
“Econometric Analysis of Dollarization in Lithuania”, Monetary Studies, Bank of Lithuania, Vol. V, No. 3, 22–44, 2001. (In Lithuanian)
"Analysis of Inertia in the Lithuanian Inflation”, Monetary Studies, Bank of Lithuania, Vol. IV, No. 3, 5–17, 2000. (In Lithuanian)
“The Current Economic Situation in Lithuania and Future Trends”, (with Ruta Abromavičiutė and Dalia Terleckaitė), Baltic Journal of Economics, No. 1, October, 167–179, 1997.

Chapters in books

Monetary Transmission Mechanism in Lithuania, in Monetary transmission Mechanisms in the Baltics, Bank of Estonia, Tallinn, 61–108, 2004.
Analysis of the Real Exchange Rate and Competitiveness in Lithuania, In Relationship between Real Exchange Rate and Competitiveness in the Baltic States, Bank of Estonia, Tallinn, 69–100, 2002.

Other publications

“Euro – our money”, Monetary Studies, Bank of Lithuania, No. 4, 87–94, 2004. (In Lithuanian)
“Lithuanian economy remains immune to global economic slowdown”, The Journal of Foreign Exchange and Money Markets, Russell Publishing Ltd, Brasted, UK, No. 3, 20–22, 2003.
“Aspects of Monetary Policy and the Monetary Transmission Mechanism in Lithuania”, Baltic Economic Trends, Baltic International Centre for Economic Policy Studies, BICEPS, No. 2, 31–39, 2001.
“Dollarization in Lithuania”, Baltic Economies – The Quarter in Review, Bank of Finland’s Institute for Transition Economies, No.1, p. 4, 2000.