Save your energy: how the war in the Middle East could affect household savings and the economy

Niccolò Battistini, Alina Bobasu, Rodolfo Dinis Rigato and Hanno Kase

Economic Bulletin Boxes, 2026, vol. 3

Abstract: This box analyses how households adjust their saving behaviour in an environment of heightened geopolitical tensions and rising energy prices. Using an empirical model together with two general equilibrium frameworks, it evaluates how adverse shocks to energy prices and consumer uncertainty could affect the saving rate, and it examines the implications for GDP growth, inflation and the distribution of consumption across households. JEL Classification: E23, E27, E32

Keywords: energy shocks; saving rate; uncertainty (search for similar items in EconPapers)
Date: 2026-05
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ecb.europa.eu//press/economic-bulletin ... 4~71339c5afc.en.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2026:0003:4

Access Statistics for this article

More articles in Economic Bulletin Boxes from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().