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Macroeconomic and financial effects of natural disasters Discussion paper 45/2024: Sandra Eickmeier, Josefine Quast, Yves Schüler
991 KB, PDF
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The optimal inflation target: Bridging the gap between theory and policy Discussion paper 44/2024: Klaus Adam, Henning Weber
792 KB, PDF
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How the German natural gas market responds to supply and demand shocks Research Brief | 71st edition – November 2024
Russia’s invasion of Ukraine triggered an energy crisis in 2022 that posed major challenges to the German economy and sparked broad debate on the economic ramifications of the marked rise in natural gas prices. In a new study, we examine the causes and consequences of this crisis and show how supply shocks and a surge in demand for natural gas storage impacted on natural gas prices and industrial production in Germany.