Krebs, Tom; Weber, Isabella - 2024
. In addition, during the energy crisis 2022 inflation rates rose dramatically and real wages dropped more than in any …In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to … (hysteresis effects). At the beginning of 2024, GDP is 7 percent and real wages are 10 percent below the pre-COVID-19 trend. We …