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We propose a structural vector-autoregressive model for the German natural gas market to investigate the impact of the 2022 Russian supply stop on the German economy. We combine conventional and narrative sign restrictions to leverage information about supply cuts for identification and find...
Persistent link: https://www.econbiz.de/10014560154
We use a structural VAR model to study the German natural gas market and investigate the impact of the 2022 Russian supply stop on the German economy. Combining conventional and narrative sign restrictions, we find that gas supply and demand shocks have large and persistent price effects, while...
Persistent link: https://www.econbiz.de/10014560234
We use a structural VAR model to study the German natural gas market and investigate the impact of the 2022 Russian supply stop on the German economy. Combining conventional and narrative sign restrictions, we find that gas supply and demand shocks have large and persistent price effects, while...
Persistent link: https://www.econbiz.de/10014576948
Persistent link: https://www.econbiz.de/10000785285
This report systemically compares all kinds of external costs and benefits of different electricity generating … public subsidies are all considered. Electricity production based on fossil fuels and nuclear energy is compared to … electricity production with wind energy and photovoltaic systems. The impact of including the substantial external effects in the …
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