Managing an Energy Shock: Fiscal and Monetary Policy
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- Gornemann, Nils & Hildebrand, Sebastian & Kuester, Keith, 2024.
"Limited (energy) supply, monetary policy, and sunspots,"
European Economic Review, Elsevier, vol. 168(C).
- Nils M. Gornemann & Sebastian Hildebrand & Keith Kuester, 2024. "Limited (Energy) Supply, Monetary Policy, and Sunspots," International Finance Discussion Papers 1395, Board of Governors of the Federal Reserve System (U.S.).
- Escalante, Luis & Mamboundou, Pierre, 2024. "Adapting fiscal strategies to energy and food price shocks in Portugal," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 651-665.
- Blanz, Alkis & Eydam, Ulrich & Heinemann, Maik & Kalkuhl, Matthias & Moretti, Nikolaj, 2026.
"Fiscal policy and energy price shocks,"
Energy Policy, Elsevier, vol. 212(C).
- Alkis Blanz & Ulrich Eydam & Maik Heinemann & Matthias Kalkuhl & Nikolaj Moretti, 2023. "Fiscal Policy and Energy Price Shocks," CEPA Discussion Papers 70, Center for Economic Policy Analysis.
- Gustafsson, Johan & Ma, Xiaofei & Maih, Junior & Vesterberg, Mattias, 2025. "Macroeconomic effects of fiscal policy under an energy supply shock," Energy Policy, Elsevier, vol. 203(C).
- Priftis, Romanos & Schoenle, Raphael, 2025.
"Fiscal and macroprudential policies during an energy crisis,"
European Economic Review, Elsevier, vol. 179(C).
- Priftis, Romanos & Schoenle, Raphael, 2025. "Fiscal and macroprudential policies during an energy crisis," Working Paper Series 3032, European Central Bank.
- Sahuc, Jean-Guillaume & Smets, Frank & Vermandel, Gauthier, 2024.
"The New Keynesian Climate Model,"
CEPR Discussion Papers
19745, Centre for Economic Policy Research.
- Jean-Guillaume Sahuc & Frank Smets & Gauthier Vermandel, 2025. "The New Keynesian Climate Model," Working Papers hal-04861307, HAL.
- Jean-Guillaume Sahuc & Frank Smets & Gauthier Vermandel, 2025. "The New Keynesian Climate Model," EconomiX Working Papers 2025-1, University of Paris Nanterre, EconomiX.
- Jean-Guillaume Sahuc & Gauthier Vermandel & Frank Smets, 2024. "The New Keynesian Climate Model," Working papers 977, Banque de France.
- Wataru Miyamoto & Thuy Lan Nguyen & Dmitry Sergeyev, 2023. "How Oil Shocks Propagate: Evidence on the Monetary Policy Channel," Working Paper Series 2024-06, Federal Reserve Bank of San Francisco.
- Chafwehé, Boris & Colciago, Andrea & Priftis, Romanos, 2025.
"Reallocation, productivity, and monetary policy in an energy crisis,"
European Economic Review, Elsevier, vol. 173(C).
- Colciago, Andrea & Priftis, Romanos & Chafwehé, Boris, 2024. "Reallocation, productivity, and monetary policy in an energy crisis," Working Paper Series 2961, European Central Bank.
- Boris Chafwehe' & Andrea Colciago & Romanos Priftis, 2024. "Reallocation, Productivity, and Monetary Policy in an Energy Crisis," Working Papers 534, University of Milano-Bicocca, Department of Economics.
- Boris Chafwehe & Andrea Colciago & Romanos Priftis, 2024. "Reallocation, Productivity, and Monetary Policy in an Energy Crisis," Working Papers 811, DNB.
- Boris Chafwehé & Andrea Colciago & Romanos Priftis, 2024. "Reallocation, productivity, and monetary policy in an energy crisis," Bank of England Staff Working Paper series 1091, Bank of England.
- Katia Gallegos Torres & Jakob Lehr, 2026. "The Labor Market Impact of the Energy Crisis: Evidence from Germany," CRC TR 224 Discussion Paper Series crctr224_2025_730, University of Bonn and University of Mannheim, Germany.
- Alessandri, Piergiorgio & Gazzani, Andrea, 2025.
"Natural gas and the macroeconomy: Not all energy shocks are alike,"
Journal of Monetary Economics, Elsevier, vol. 151(C).
- Piergiorgio Alessandri & Andrea Gazzani, 2023. "Natural gas and the macroeconomy: not all energy shocks are alike," Temi di discussione (Economic working papers) 1428, Bank of Italy, Economic Research and International Relations Area.
- Bonam, Dennis & Ciccarelli, Matteo & Gomes, Sandra & Aldama, Pierre & Bańkowski, Krzysztof & Buss, Ginters & da Costa, José Cardoso & Christoffel, Kai & Elfsbacka Schmöller, Michaela & Jacquinot, Pasc, 2024. "Challenges for monetary and fiscal policy interactions in the post-pandemic era," Occasional Paper Series 337, European Central Bank.
- John Aguirre & Alan Ledesma & Fernando Perez & Youel Rojas, 2025.
"Economic Activity, Inflation, and Monetary Policy after Extreme Weather Events: ENSO and its Economic Impact on the Peruvian Economy,"
Working Papers
2025-008, Banco Central de Reserva del Perú.
- John Aguirre & Alan Ledesma & Fernando Perez & Youel Rojas, 2025. "Economic activity, inflation, and monetary policy after extreme weather events: ENSO and its economic impact on the Peruvian economy," BIS Working Papers 1276, Bank for International Settlements.
- Maria Manuel Campos & José Miguel Cardoso da Costa & Sandra Gomes & Pascal Jacquinot, 2025.
"Monetary and fiscal policy interactions in the aftermath of an inflationary shock,"
Working Papers
w202515, Banco de Portugal, Economics and Research Department.
- Campos, Maria Manuel & Gomes, Sandra & Jacquinot, Pascal & Cardoso-Costa, José Miguel, 2025. "Monetary and fiscal policy interactions in the aftermath of an inflationary shock," Working Paper Series 3145, European Central Bank.
- Labrousse, Charles & Perdereau, Yann, 2026.
"Geography versus income: The heterogeneous effects of carbon taxation,"
Journal of Monetary Economics, Elsevier, vol. 161(C).
- Charles Labrousse & Yann Perdereau, 2024. "Geography versus income: the heterogeneous effects of carbon taxation," PSE Working Papers halshs-04464900, HAL.
- Labrousse, Charles & Perdereau, Yann, 2025. "Geography versus income: the heterogeneous effects of carbon taxation," Working Paper Series 3104, European Central Bank.
- Charles Labrousse & Yann Perdereau, 2024. "Geography versus income: the heterogeneous effects of carbon taxation," Working Papers halshs-04464900, HAL.
- Charles Labrousse & Yann Perdereau, 2025. "Geography versus Income: The Heterogeneous Effects of Carbon Taxation [Géographie ou Revenus : les effets distributifs de la taxation carbone]," Working Papers hal-05417515, HAL.
- Bartocci, Anna & Cantelmo, Alessandro & Cova, Pietro & Notarpietro, Alessandro & Pisani, Massimiliano, 2024.
"Monetary and fiscal policy responses to fossil fuel price shocks,"
Energy Economics, Elsevier, vol. 136(C).
- Anna Bartocci & Alessandro Cantelmo & Pietro Cova & Alessandro Notarpietro & Massimiliano Pisani, 2023. "Monetary and fiscal policy responses to fossil fuel price shocks," Temi di discussione (Economic working papers) 1431, Bank of Italy, Economic Research and International Relations Area.
- Gökhan Ider & Alexander Kriwoluzky & Frederik Kurcz & Ben Schumann, 2024. "Friend, Not Foe - Energy Prices and European Monetary Policy," Discussion Papers of DIW Berlin 2089, DIW Berlin, German Institute for Economic Research.
- Peter Levell & Martin O'Connell & Kate Smith, 2025.
"The welfare effects of price shocks and household relief packages: evidence from an energy crisis,"
IFS Working Papers
W25/03, Institute for Fiscal Studies.
- Peter Levell & Martin O'Connell & Kate Smith, 2025. "The welfare effects of price shocks and household relief packages: evidence from an energy crisis," IFS Working Papers W25/55, Institute for Fiscal Studies.
- Levell, Peter & O'Connell, Martin & Smith, Kate, 2025. "The Welfare Effects of Price Shocks and Household Relief Packages: Evidence from an Energy Crisis," CEPR Discussion Papers 19939, Centre for Economic Policy Research.
- Ricciutelli, Francesco, 2024. "Energy Inflation and Consumption Inequality," MPRA Paper 120899, University Library of Munich, Germany.
- Sagner, Pekka, 2026. "Energy price shock and housing market dynamics: Evidence from Germany," Journal of Housing Economics, Elsevier, vol. 71(C).
- Ambrosino, Ludovica & Chan, Jenny & Tenreyro, Silvana, 2026. "Trade fragmentation, inflationary pressures and monetary policy," LSE Research Online Documents on Economics 130958, London School of Economics and Political Science, LSE Library.
- Semik, Sofia, 2025. "Carbon Pricing and Monetary Policy in an Estimated Macro-Climate Model," VfS Annual Conference 2025 (Cologne): Revival of Industrial Policy 325397, Verein für Socialpolitik / German Economic Association.
- Gutsch, Alexandra & Schult, Christoph, 2026. "The German Energy Crisis: A TENK-based Fiscal Policy Analysis," IWH Discussion Papers 1/2025, Halle Institute for Economic Research (IWH), revised 2026.
- Pablo Aguilar & Rubén Domínguez-Díaz & José-Elías Gallegos & Javier Quintana, 2026. "The Transmission of Foreign Shocks in a Networked Economy," Working Papers 2607, Banco de España.
- Efrem Castelnuovo & Lorenzo Mori & Gert Peersman, 2024.
"Commodity Price Shocks and Global Cycles: Monetary Policy Matters,"
Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium
24/1087, Ghent University, Faculty of Economics and Business Administration.
- Efrem Castelnuovo & Lorenzo Mori & Gert Peersman, 2024. "Commodity Price Shocks and Global Cycles: Monetary Policy Matters," CESifo Working Paper Series 11140, CESifo.
- Efrem Castelnuovo & Lorenzo Mori & Gert Peersman, 2024. "Commodity Price Shocks and Global Cycles: Monetary Policy Matters," CAMA Working Papers 2024-36, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
- Efrem Castelnuovo & Lorenzo Mori & Gert Peersman, 2024. "Commodity Price Shocks and Global Cycles: Monetary Policy Matters," "Marco Fanno" Working Papers 0311, Dipartimento di Scienze Economiche "Marco Fanno".
- Thiemo Fetzer & Christina Palmou & Jakob Schneebacher, 2024.
"How Do Firms Cope with Economic Shocks in Real Time?,"
ECONtribute Discussion Papers Series
337, University of Bonn and University of Cologne, Germany.
- Thiemo Fetzer & Christina Palmou & Jakob Schneebacher & Ivan Yotzov, 2026. "How do firms cope with economic shocks in real time?," IFS Working Papers W26/44, Institute for Fiscal Studies.
- Fetzer, Thiemo & Palmou, Christina & Schneebacher, Jakob & Yotzov, Ivan, 2024. "How do firms cope with economic shocks in real time?," CAGE Online Working Paper Series 722, Competitive Advantage in the Global Economy (CAGE).
- Fetzer, Thiemo & Palmou, Christina & Schneebacher, Jakob, 2024. "How do firms cope with economic shocks in real time?," The Warwick Economics Research Paper Series (TWERPS) 1517, University of Warwick, Department of Economics.
- Thiemo Fetzer & Christina Palmou & Jakob Schneebacher, 2024. "How Do Firms Cope with Economic Shocks in Real Time?," CESifo Working Paper Series 11367, CESifo.
- Kharroubi, Enisse & Smets, Frank, 2024.
"Energy shocks as Keynesian supply shocks: Implications for fiscal policy,"
European Economic Review, Elsevier, vol. 170(C).
- Enisse Kharroubi & Frank Smets, 2023. "Energy shocks as Keynesian supply shocks: implications for fiscal policy," BIS Working Papers 1120, Bank for International Settlements.
- Szczygielski, Jan Jakub & Charteris, Ailie & Obojska, Lidia & Brzeszczyński, Janusz, 2025. "Energy in turmoil: Industry resilience to uncertainty during the global energy crisis," Applied Energy, Elsevier, vol. 389(C).
- Glocker, Christian & Wegmüller, Philipp, 2024. "Energy price surges and inflation: Fiscal policy to the rescue?," Journal of International Money and Finance, Elsevier, vol. 149(C).
- Saurav Kumar & Taniya Ghosh & Shesadri Banerjee, 2025. "Carbon credit trading and India's green transition," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2025-027, Indira Gandhi Institute of Development Research, Mumbai, India.
- Simone Emiliozzi & Filippo Favero, 2025. "Unveiling natural gas consumption sectoral price elasticities," Questioni di Economia e Finanza (Occasional Papers) 941, Bank of Italy, Economic Research and International Relations Area.
- Bobasu, Alina & Dobrew, Michael & Repele, Amalia, 2025.
"Energy price shocks, monetary policy and inequality,"
European Economic Review, Elsevier, vol. 175(C).
- Bobasu, Alina & Dobrew, Michael & Repele, Amalia, 2024. "Energy price shocks, monetary policy and inequality," Working Paper Series 2967, European Central Bank.
- Garcia, Pablo & Jacquinot, Pascal & Lenarčič, Črt & Mavromatis, Kostas & Papadopoulou, Niki & Silgado-Gómez, Edgar, 2026.
"Green transition in the euro area: Domestic and global factors,"
European Economic Review, Elsevier, vol. 182(C).
- Pablo Garcia & Pascal Jacquinot & ÄŒrt LenarÄ iÄ & Kostas Mavromatis & Niki Papadopoulou & Niki Papadopoulou, 2024. "Green Transition in the Euro Area: Domestic and Global Factors," Working Papers 816, DNB.
- Pablo Garcia & Pascal Jacquinot & Crt Lenarcic & Kostas Mavromatis & Niki Papadopoulou & Edgar Silgado-Gómez, 2024. "Green Transition in the euro area: Domestic and global factors," BCL working papers 190, Central Bank of Luxembourg.
- Pablo Garcia & Pascal Jacquinot & Crt Lenarcic & Kostas Mavromatis & Niki Papadopoulou & Edgar Silgado-Gómez, 2025. "Green transition in the Euro area: domestic and global factors," Working Papers 2537, Banco de España.
- Yermekova, Zhanna & Coban, Orhan & Turarov, Dauren & Askarova, Zhanar & Aliyeva, Baglan, 2026. "Do Fluctuations in Energy Sector Matter for Monetary Policy? An ARDL and NARDL Approach," International Journal of Energy Economics and Policy, International Journal of Energy Economics and Policy, vol. 16(2), pages 1268-1277, January.
- Hinterlang, Natascha & Jäger, Marius & Stähler, Nikolai & Strobel, Johannes, 2024. "On curbing the rise in energy prices: An examination of different mitigation approaches," Discussion Papers 09/2024, Deutsche Bundesbank.
- Peersman, Gert & Wauters, Joris, 2024.
"Heterogeneous household responses to energy price shocks,"
Energy Economics, Elsevier, vol. 132(C).
- Gert Peersman & Joris Wauters, 2022. "Heterogeneous Household Responses to Energy Price Shocks," CESifo Working Paper Series 10157, CESifo.
- Gert Peersman & Joris Wauters, 2022. "Heterogeneous Household Responses to Energy Price Shocks," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 22/1058, Ghent University, Faculty of Economics and Business Administration.
- Gert Peersman & Joris Wauters, 2022. "Heterogeneous household responses to energy price shocks," Working Paper Research 416, National Bank of Belgium.
- Fetzer, Thiemo & Palmou, Christina & Schneebacher, Jakob, 2024. "How do firms cope with economic shocks in real time?," Discussion Papers escoe-dp-2024-15, Economic Statistics Centre of Excellence.
- Pataracchia, Beatrice & Pfeiffer, Philipp & Ratto, Marco & Teresiński, Jan, 2026.
"Energy commodity price shocks in the euro area: Evidence from a large-scale structural model,"
Journal of Economic Dynamics and Control, Elsevier, vol. 189(C).
- Beatrice Pataracchia & Philipp Pfeiffer & Marco Ratto & Jan Teresiński, 2025. "Energy Commodity Price Shocks in the Euro Area Evidence from a Large-Scale Structural Model," European Economy - Discussion Papers 233, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
- Kamps, Christophe & Bussière, Matthieu & Niessner, Birgit & Tristani, Oreste & Christoffel, Kai & Kapadia, Sujit & Ferrero, Giuseppe & Gilbert, Niels & Vlassopoulos, Thomas & Motto, Roberto & Gerke, R, 2025. "Report on monetary policy tools, strategy and communication," Occasional Paper Series 372, European Central Bank.
- Coccia, Samantha & Russo, Alberto, 2025. "Inflation, inequality and financial vulnerability: Monetary vs. fiscal policy in the face of an energy shock," Energy Economics, Elsevier, vol. 143(C).
- Allayioti, Anastasia & Gόrnicka, Lucyna & Holton, Sarah & Martínez Hernández, Catalina, 2024. "Monetary policy pass-through to consumer prices: evidence from granular price data," Working Paper Series 3003, European Central Bank.
- Hochmuth, Philipp & Krusell, Per & Mitman, Kurt, 2025.
"Distributional Consequences of Becoming Climate-Neutral,"
CEPR Discussion Papers
20216, Centre for Economic Policy Research.
- Hochmuth, Philipp & Krusell, Per & Mitman, Kurt, 2025. "Distributional Consequences of Becoming Climate-Neutral," IZA Discussion Papers 17861, IZA Network @ LISER.
- Hinterlang, Natascha & Jäger, Marius & Stähler, Nikolai & Strobel, Johannes, 2025. "Transfers or subsidies? Comparing mitigation strategies for energy price shocks in a production network model," Economic Modelling, Elsevier, vol. 152(C).
- Kremer, Elise & Reissl, Severin & Fierro, Luca E. & Emmerling, Johannes & Lamperti, Francesco & Roventini, Andrea, 2025. "Energy price shocks in the European Union: Macroeconomic impacts, distributional effects and policy responses," Energy Economics, Elsevier, vol. 152(C).
- Nils Gornemann & Sebastian Hildebrand & Keith Kuester, 2022.
"Limited Energy Supply, Sunspots, and Monetary Policy,"
ECONtribute Discussion Papers Series
215, University of Bonn and University of Cologne, Germany.
- Gornemann, Nils & Hildebrand, Sebastian & Kuester, Keith, 2023. "Limited Energy Supply, Sunspots, and Monetary Policy," VfS Annual Conference 2023 (Regensburg): Growth and the "sociale Frage" 277614, Verein für Socialpolitik / German Economic Association.
- Chan, Jenny & Diz, Sebastian & Kanngiesser, Derrick, 2024.
"Energy prices and household heterogeneity: Monetary policy in a Gas-TANK,"
Journal of Monetary Economics, Elsevier, vol. 147(S).
- Chan, Jenny & Diz, Sebastian & Kanngiesser, Derrick, 2022. "Energy Prices and Household Heterogeneity: Monetary Policy in a Gas-TANK," MPRA Paper 115975, University Library of Munich, Germany, revised Dec 2022.
- Jenny Chan & Sebastian Diz & Derrick Kanngiesser, 2023. "Energy prices and household heterogeneity: monetary policy in a Gas-TANK," Bank of England Staff Working Paper series 1041, Bank of England.
- Chan, Jenny & Diz, Sebastian & Kanngiesser, Derrick, 2022. "Energy Prices and Household Heterogeneity: Monetary Policy in a Gas-TANK," MPRA Paper 118543, University Library of Munich, Germany, revised Dec 2022.
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