(October 2021)

Centre for Excellence in Finance and Economic Research (CEFER),

Bank of Lithuania,

4 Totoriu,

LT - 01121 Vilnius, Lithuania

PLastauskas [at]

P.Lastauskas [at]

News Spotlight


Our paper (w/ Aurelija Proskute and Alminas Zaldokas) "How Do Firms Adjust When Trade Stops" accepted to the poster session of the AEA's 2022 meeting


Joint Bank of Lithuania and National Bank of Poland conference in 2022 (call for papers soon)

NEW paper

What Explains Excess Trade Persistence?, featured in VoXEU and LSE's Research for the World

NEW paper

Global Impacts of US Monetary Policy Uncertainty Shocks (ECB version), featured in LSE Business Review, LSE USCentre, Centralbanking

I am an academic economist interested in economic policy, particularly trade, structural reforms, and the effects of (de)globalization. I was educated at postgraduate level (MPhil and Ph.D.) at Trinity College, Faculty of Economics, University of Cambridge, I shortly after that held bye- and full fellowships at a few Cambridge colleges, also acted as a Director of Studies in Economics. In 2016 I returned to Lithuania, and in 2017 I was elected into the directorship of the Bank of Lithuania’s premier academic and research unit, known as the Research Centre, CEFER, accountable directly to the Bank’s Board. The Centre hires on the international job market, cooperates with the two largest public universities (VU and KTU), as well as CEPR, CEBRA, NBP, Baltic economic association, and organizes a large variety of seminars, workshops, conferences, and invited lecture series. Our activities and the vision are summarized in the first issue of CEFER’s Insights.

I am also a member of the initiative group to bring Baltic and Lithuanian academic economists from all over the world as well as strengthen the links between them and their homelands. Moreover, I have initiated and co-created the first rigorous, modern, English-taught Bachelor’s program in Quantitative Economics in Lithuania, which combines economics, data science, econometrics, quantitative finance, and uses open-source teaching materials. I currently serve on the ECB’s monetary policy review workstream, focusing on the impact of (de)globalization on monetary policy transmission and OECD's expert work on the evidence-based policymaking strengthening in Lithuania. Previously, I served on a Task Force of the Monetary Policy Committee of the European System of Central Banks on structural reforms, participated in a steering group on pension reforms at the Bank of Lithuania, and the OECD's review team on Lithuania's independent fiscal institution.

On the research front, I am a principal investigator and project leader of the Baltic Research Programme grant on Micro-level responses to socio-economic challenges in the face of global uncertainties (Eur 0.8M), funded from the financial mechanism of the European Economic Area EFTA states (Iceland, Liechtenstein and Norway). I am also a principal investigator of the inter-governmental grant titled Goods and labor market reforms and economic activity within the EU (Eur 0.2M), and the main investigator of the European Social Fund grant titled Reassessment of the OCA theory in the persistently heterogeneous EU, informally known as Euro4Europe (Eur 0.6M); see final conference details. My research focuses on the economics of globalization. It was featured in major media outlets and blogs (e.g., VoxEU, LSE Business Review,, El Pais) and published by the internationally leading academic journals such as the Journal of Money, Credit, and Banking and European Economic Review, among others. My teaching portfolio includes mathematics, statistics, econometrics (with a special emphasis on panel data settings, causal inference, and policy evaluation), international trade, WTO, international finance, and global economy.

© 2021 Povilas Lastauskas