What if? The economic effects for Germany of a stop of energy imports from Russia
Category: Macro Seminar
When: 19 April 2022
, 14:15
- 15:30
Where: Room HoF E.22 / Commerzbank and online via Zoom
Speaker: Benjamin Moll (London School of Economics)
Titel: What if? The economic effects for Germany of a stop of energy imports from Russia
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%).