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Vytautas Zukaukas

ABOUT Vytautas Zukaukas
Vice President and research director at Lithuanian Free Market Institute. His fields of expertise include shadow economy, monetary policy, financial markets and business conditions. Vytautas also is responsible for the quality of research conducted at LFMI. Vytautas graduated from Vilnius University and holds a Master’s degree in Economics and Banking.
The Problematic Lithuanian Pension System
Economy
The Problematic Lithuanian Pension System
BY Vytautas Zukaukas AND LFMI / April 27, 2017
Forced solidarity creates a contradiction – the working class taking care of themselves seems to oppose the interests of the pensioners, while helping the pensioners more would result in a greater burden on the workers. The pursuit of solidarity leads to a conflict of interests.
Freedom that Liberates and Freedom that Binds
Society
Freedom that Liberates and Freedom that Binds
BY Vytautas Zukaukas AND LFMI / February 28, 2017
It would seem that freedom unites people, gives them a sense of community and a common denominator. However, freedom may embrace many incompatible things. If we truly wish to be free, we must be able to differentiate between the concepts of liberating freedom and binding freedom.
Government’s Invincible Routine
Economy
Government’s Invincible Routine
BY Vytautas Zukaukas AND LFMI / June 17, 2016
A multitude of research shows that the shadow economy in Lithuania is decreasing. Yet, the pace of change is not as fast as desired. The level of the shadow economy remains high and there are still plenty of reasons for this kind of economic activity to emerge.
Distorted World of Cheap Money
Economy
Distorted World of Cheap Money
BY More Liberal Voices AND Vytautas Zukaukas / October 6, 2015
A few weeks ago, the Fed expressed no intention to increase interest rates, but the will to maintain the current ones of 0 to 0.25%. The problem is that cheap money does not only indicate the prevailing economic problems, but imply long-term negative impact on both savers and economy.
Greece Has Not Done Its Homework
Economy
Greece Has Not Done Its Homework
BY Vytautas Zukaukas / April 28, 2015
The Greeks do not understand the imperative need for the reforms. Nor are they ready to reform. With the external pressure of the EU and other international institutions being the only reason to institute reforms, it is hard to expect any breakthrough. And this is the key problem.
Does Lithuania Have Any Questions to ECB?
Economy
Does Lithuania Have Any Questions to ECB?
BY Vytautas Zukaukas / September 26, 2014
The chairman of the Central Bank of Lithuania will become a member the Governing Council of the European Central Bank, which is responsible for monetary policy for the euro area. Thus, if Lithuania wants to properly represent it‘s interests, it has to join the debate concerning decisions of the ECB.