Policies to address climate change and the energy transition are increasingly gaining ground. However, a large body of research has mainly focused on the efficiency aspect of different instruments rather than their unintended side-effects. Only recently, both policymakers as well as researchers...

The rising political instabilities and the associated variations in energy prices have recently amplified the existing debate on energy poverty. Generally defined as the inability to afford enough energy services to live a comfortable life, energy poverty represents a serious issue affecting...

Many countries have used energy subsidies to cushion the effects of high energy prices on households and firms. After documenting the transmission of oil supply shocks empirically in the United States and the Euro Area, we use a New Keynesian modeling framework to study the conditions under...

Following the end of the coronavirus pandemic, the European Central Bank (ECB) was confronted with an unprecedented increase in energy prices. This led to consumer price inflation in the euro area far beyond the ECB's inflation target of two percent, at times up to 10 percent. At the same time,...

Having had little time to absorb the economic and social shock of the COVID-19 pandemic, the EU is confronted with yet another crisis - rising energy prices due to Russia's war in Ukraine coupled with inflation reaching historic levels. Household burdens vary greatly across and within EU member...

Having had little time to absorb the economic and social shock of the COVID-19 pandemic, the EU is confronted with yet another crisis – rising energy prices due to Russia’s war in Ukraine coupled with inflation reaching historic levels. Household burdens vary greatly across and within EU...