Faculty of Economics and Business Administration is famous for its scientific researches and internationalisation. The Bank of Lithuania and Vilnius University, the biggest public university in Lithuania, have teamed up to create the Center for Excellence in Finance and Economic Research (CEFER), which aims to conduct and publish high-quality research in relevant fields of economics and finance. Having such occasion we would like to present you Senior Economists of Bank of Lithuania and Junior Researchers and Lecturers of Faculty of Economics and Business Administration, Vilnius University working in this Center for Excellence in Finance and Economic Research.


Patrick Grüning () - Fundamentals of Finance and Asset Pricing

P Gruening
Patrick Grüning gained his doctoral degree in Finance  at Goethe University Frankfurt. In 2011/2012 Patrick Grüning spent 6 months at the Sauder School of Business at the University of British-Columbia as a Visiting Scholar.  His research focuses on asset pricing, macro-finance DSGE models, endogenous growth theory, and exclusively so far on general equilibrium models. In the last 2.5 years of his time at Goethe University Patrick was employed by the research center SAFE (Sustainable Architecture for Finance in Europe) located at Goethe University.

Patrick's personal website:


 Matthias Weber () - Behavioral and Experimental Economics

weberMatthias Weber conducted his PhD-research at the Center for Experimental Economics and Political Decision Making (CREED) at the University of Amsterdam. During his phD studies time he has also stayed at the Universitat Autonoma de Barcelona and at the University of California in San Diego (UCSD) for research visits.  His research interests are methods of behavioural and experimental economics in the fields of public economics, macroeconomics, and political economics. His teaching experience concerns international monetary economics, advanced macroeconomics, and a variety of courses in mathematics. 

Matthias's personal website:





Povilas Lastauskas ()


Before becoming Chief Researcher at the Research Center (CEFER) (autumn 2016), Dr. Povilas Lastauskas taught at Cambridge University. He graduated from the Master of Science (MPhil) and PhD (PhD) at the University of Cambridge, Faculty of Economics and Trinity College.

Prior to becoming a Ph.D. in Economics, Povilas was elected to the position of director of research and economics at Cambridge. In addition to teaching, Povilas organized a study process for undergraduates in economics, held interviews with Cambridge in economics, supervised the preparation of undergraduate and postgraduate students' dissertations on various topics of economics and econometrics, and tested them.

In addition to working in Cambridge, Povilas has had scientific work at the International Monetary Fund in Washington, DC, several Lithuanian institutions, the Center for Applied Economics at Southern California (USA), the European Union Joint Research Center in Ispra (Italy) and the Kiel World Economic Institute (Germany).

Dr. Povilas Lastauskas focuses on the international and labor economics, as well as interested in spatial econometrics, panel data analysis and global macroeconomic modeling. The subject of his research is economic interdependence and a multi-faceted response to various shocks.

Povilas's personal website: