In the wake of the Russian aggression against Ukraine, major sanctions have been imposed by Western countries, most notably with the aim of limiting Russia's access to hard international currency. However, Russia remains the world's first exporter of oil and gas, and at current energy prices...

In this paper, we develop a heterogeneous agent general equilibrium framework to analyze optimal joint policies of a lockdown and transfer payments in times of a pandemic. In our model, the effectiveness of a lockdown in mitigating the pandemic depends on endogenous compliance. A more stringent...

On aggregate, the energy system related impact of Brexit on EU citizens and companies will be limited. With or without the UK, the EU will be able to pursue its energy and climate policy goals relatively unaltered. - An immense number of very important details will need to be resolved in a short...

This study provided by Policy Department A at the request of the European Parliament's Committee on Industry, Research and Energy (ITRE) shows that the energy-system related impact of Brexit on EU citizens and companies will be limited. The EU will be able to complete its market, achieve its...

This study provided by Policy Department A at the request of the European Parliament's Committee on Industry, Research and Energy (ITRE) shows that the energy-system related impact of Brexit on EU citizens and companies will be limited. The EU will be able to complete its market, achieve its...

On aggregate, the energy system related impact of Brexit on EU citizens and companies will be limited. With or without the UK, the EU will be able to pursue its energy and climate policy goals relatively unaltered. - An immense number of very important details will need to be resolved in a short...