What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia
This article discusses the economic effects of a potential cut-off of the German economy from Russian energy imports. We show that the effects are likely to be substantial but manageable. In the short run, a stop of Russian energy imports would lead to a GDP decline in range between 0.5% and 3% (cf. the GDP decline in 2020 during the pandemic was 4.5%).
Year of publication: |
2022
|
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Authors: | Bachmann, Rüdiger ; Baqaee, David ; Bayer, Christian ; Kuhn, Moritz ; Löschel, Andreas ; Moll, Benjamin ; Peichl, Andreas ; Pittel, Karen ; Schularick, Moritz |
Publisher: |
Bonn and Cologne : University of Bonn and University of Cologne, Reinhard Selten Institute (RSI) |
Saved in:
freely available
Series: | ECONtribute Policy Brief ; 028 |
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Type of publication: | Book / Working Paper |
Type of publication (narrower categories): | Research Report |
Language: | English |
Other identifiers: | 1816264172 [GVK] hdl:10419/268581 [Handle] RePEc:ajk:ajkpbs:028 [RePEc] |
Source: |
Persistent link: https://www.econbiz.de/10013535598
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