Research
10) Does monetary policy affect income inequality in the euro area?, Journal of Money, Credit and Banking (2023) with Anna Samarina;
Working Paper: De Nederlandsche Bank Working Paper Series, No. 626; This paper is selected for Media Briefings at the EEA Manchester (2019). Link
9) 'The Macroeconomic Effects of Income and Consumption Tax Changes', American Economic Journal: Economic Policy (2021) with Raffaele Rossi and Luisanna Onnis
Pre-Print version, Online Appendix; Codes
8) Global intersectoral production network and aggregate fluctuations Economic Modelling (2021)
with Kristina Barauskaite
7) 'A century of gaps: Untangling business cycles from secular trends', Economic Modelling (2021)
with Mihnea Constantinescu
6) Direct and Network Effects of Idiosyncratic TFP Shocks , Empirical Economics (2021)
(with Kristina Barauskaite)
5) Intersectoral Network-based Channel of Aggregate TFP Shocks, International Journal of Finance and Economics (2020) with Kristina Barauskaite
Pre-Print version, Online Appendix
4) 'Modeling changes in US monetary policy with a time-varying nonlinear Taylor rule' , Studies in Nonlinear Dynamics and Econometrics, 2018 with Efthymios G. Pavlidis (Lancaster University) and David A. Peel (Lancaster University).
3) 'Unemployment or Credit: Who Holds the Potential? Results for a Small-Open Economy with a Low Degree of Financialization' , Economic Systems, 2018,
with Mihnea Constantinescu
2) Assessing Inflation Convergence in the East African Community, Journal of International Development , 2019 with Jemma Dridi (International Monetary Fund)
1) 'On the Drivers of Inflation in Sub-Saharan Africa' , International Economics, 2017 with Jemma Dridi, D. Filiz Unsal, Oral Williams (International Monetary Fund).
Working Paper: IMF Working Paper Series No 15/189 (08/2015).
- This work has received media coverage on the Central Banking (www.centralbanking.com) 07 August, 2015 in the article titled “African central banks must heed changes to inflation drivers, study argues” (Link).
- Also, it got mentioned in the speech of François Groepe, Deputy Governor of the South African Reserve Bank, 2015 (Link)
- Interview with IMF Podcast on Sub-Saharan Africa Getting a Grip on Inflation
WORKING PAPERS
1) The Impact of Credit Supply Shocks in the Euro Area: Market-Based Financing Versus Loans (with Kristina Barauskaitė (ECB), Linda Rousová (ECB), and Lorenzo Cappiello (ECB))
ECB Working paper No 2673, 2022
The work is featured in ECB's FINANCIAL STABILITY REVIEW, November 2011
2) Global Spillovers of US Monetary Policy Uncertainty Shocks (with Povilas Lastauskas): R&R at Journal of International Economics
Working Paper: ECB Working paper No 2513, Bank of Lithuania Working Paper Series, No 84
Featured in: Centralbanking.com; LSE blog
The work is featured in "Box 3 Globalisation and uncertainty: ECB's Work stream on Globalization"
OTHER WORKING PAPERS
1) 'UK Monetary Policy under Inflation Targeting'
Working Paper: Bank of Lithuania Working Paper Series No 41 (03/2017)
- This paper got mentioned on Wall Street Journal .
2) 'Financial Frictions and the Volatility of Monetary Policy Shocks in a DSGE Model' (Latest version)
Working Paper: Lancaster University Economics Working Paper Series No 2015/006 (02/2015)
POLICY NOTES
Potential Output in Lithuania – a Joint Measure Using Real and Financial Sector Variables, Lithuanian Economic Review, Bank of Lithuania, Dec 2017 (pp 30-33) (Download)
Convergence and growth decomposition: an analysis on Lithuania, Bank of Lithuania Discussion Paper Series, Dec 2019 (with M. Comunale and S. Soofi–Siavash)
The Challenges of Lithuania’s Economic Convergence and Labour Market, Bank of Lithuania Occasional Paper Series, 2019 (pp 33-43, with M. Comunale and S. Soofi–Siavash, In Lithuania)
WORK IN PROGRESS
Uncertainty and Inequality (with Patrick Macnamara, Myroslav Pidkuyko, Raffaele Rossi)
Impacts of Monetary Policy in the Euro Area: Does Economic Policy Uncertainty Matter? (with Konstantinos Theodoridis)
What comes first, investment, or economic growth? A global perspective (with Mariarosaria Comunale)
Measuring EA Uncertainty (with Mariarosaria Comunale)
Debt-regimes and Uncertainty Shocks (with Kelly Trinh (JCU))
Origins of debts in Sub-Saharan African economies (with Jemma Dridi (IMF) )