Department of Economics and Related Studies
Justas Dainauskas
PhD Student
Profile
Biography
Justas is a PhD candidate in Economics at the Department of Economics and Related Studies (DERS), supervised by Professor Peter N. Smith. He is affiliated with the Macro-Finance cluster. As part of his PhD, he has visited the Bank of Lithuania in 2017-2018, where he held the position of a Senior Economist. He also visited the European Central Bank in 2018, where he worked as a PhD Trainee.
His main areas of expertise are International Macroeconomics, Monetary Economics, International Trade Theory, and Time Series Econometrics.
Prior to starting his PhD, Justas obtained his MSc in Economics at DERS with distinction (summa cum laude) and BA Honours in Economics at the Newcastle University Business School (1st class degree classification).
Research
Overview
Justas' research addresses a number of questions: how local currency depreciations lead to more import price inflation than appreciations; how asymmetric movements in the global terms of trade caused by US dollar fluctuations predict the patterns of global trade imbalances; that the counter-cyclical price mark-up adjustments characterising the firm-level data are important when quantifying the welfare gains from trade; how involvement in the global value chains creates more persistent multilateral trade flows and a mechanism for resilience to external shocks; that long-run shocks to investment productivity are an important part of macroeconomic quantities and not just an artefact of asset price dynamics.
Research group(s)
- Macro/Finance Research Cluster
Supervision
Teaching
Undergraduate
Macroeconomics 1 (2015-16)
Macroeconomics 2 (2017-18)
Commodity Markets (2017-18)
