Article in Journal
The Energy Crisis in the Baltic States: Causes, Challenges, and Policies
Alari Paulus, Karsten Staehr
CESifo, Munich, 2022
EconPol Forum 23 (6), 28-32
CESifo, Munich, 2022
EconPol Forum 23 (6), 28-32
- The energy crisis has meant dramatically higher prices on energy in the Baltic states, and led to very high inflation and lower growth
- Short-term measures must cap extreme energy prices, monetary policy must avoid deepening the living cost crisis
- Policies to diversify energy supplies are needed in the short and medium term
- Energy conservation and a switch to sustainable and independent energy sources will be pivotal in the longer term