In this essay, I outline a method to compute the economic impact of a sudden stop of natural gas imports from Russia. First, I estimate the reduction in the short-run supply of natural gas for the economy and the industry sector. Second, I use model simulations to analyse the effect of a sudden...

This article summarises the results of a study on the Germany energy crisis and the need for an extension and modificationsof the electricity price break. The study shows that the energy crisis led to a short-run output loss comparable to the output losses as-sociated with the COVID-19 crisis in...

Die zurzeit diskutierten Modelle eines Staatsfonds zur Altersvorsorge widersprechen den Grundsätzen guter Wirtschaftspolitik und führen zu ineffizienten Kapitalallokationen. Ebenso sind staatliche Subventionen für die private Altersvorsorge aus ökonomischer Sicht nicht sinnvoll, denn sie...