Entlasten! Aber wie? Wege im Dschungel der Möglichkeiten

Navigating the Jungle of Possibilities: How to Protect Citizens from Soaring Energy Prices

Nadine Riedel () and Andreas Peichl
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Nadine Riedel: Inst. f. Wirtschaftspolitik und Regionalökonomik

Wirtschaftsdienst, 2022, vol. 102, issue 10, 745-748

Abstract: Abstract Living costs in Germany have surged since Russia’s attack on Ukraine. In this article, we discuss pros and cons of different government policies to protect affected citizens. There is a vast domain of possible relief options, each coming with its own trade-offs and design pitfalls. Information gaps in German public administration render desirable options like income and energy-use-contingent transfers administratively infeasible. These frictions should be addressed — if not for the present, then for the next crisis. With regard to other options, governments must be mindful to design policies that are well-targeted to people in need and that do not distort incentives to reduce energy consumption. Possibilities for that do exist.

Keywords: H12; H53 (search for similar items in EconPapers)
Date: 2022
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DOI: 10.1007/s10273-022-3300-7

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