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What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia

Ruediger Bachmann, David Baqaee, Christian Bayer, Moritz Kuhn, Andreas Löschel, Benjamin Moll, Andreas Peichl, Karen Pittel and Moritz Schularick
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Karen Pittel: Ifo Institute for Economic Research, University of Munich

No 28, ECONtribute Policy Brief Series from University of Bonn and University of Cologne, Germany

Abstract: This article discusses the economic effects of a potential cut-off of the German economy from Russian energy imports. We show that the effects are likely to be substantial but manageable. In the short run, a stop of Russian energy imports would lead to a GDP decline in range between 0.5% and 3% (cf. the GDP decline in 2020 during the pandemic was 4.5%).

Pages: 34 pages
Date: 2022-03
New Economics Papers: this item is included in nep-cis, nep-ene and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (49)

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https://www.econtribute.de/RePEc/ajk/ajkpbs/ECONtribute_PB_028_2022.pdf First version, 2022 (application/pdf)

Related works:
Working Paper: What if? The Economic Effects for Germany of a Stop of Energy Imports from Russia (2022) Downloads
Working Paper: What if? The economic effects for Germany of a stop of energy imports from Russia (2022) Downloads
Working Paper: What if? The economic effects for Germany of a stop of energy imports from Russia (2022) Downloads
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