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The Energy Crisis in the Baltic States: Causes, Challenges, and Policies

Alari Paulus, Karsten Staehr
CESifo, Munich, 2022

EconPol Forum 23 (6), 28-32
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  • 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

 

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