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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

No 36, EconPol Policy Reports from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

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%).

Date: 2022
New Economics Papers: this item is included in nep-ban, nep-cis, nep-ene, nep-int and nep-tra
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Citations: View citations in EconPapers (50)

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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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