Güntner, Jochen; Reif, Magnus; Wolters, Maik H. - 2024
information about supply cuts for identification and find that gas supply and demand shocks have large and persistent price … effects, while output effects are rather moderate. The 2022 natural gas price spike was driven by adverse flow supply shocks … and positive storage demand shocks, as Germany filled its inventories before the winter. Counterfactual simulations of an …