bruegel-当石油稀缺而债务具有约束力时 严重能源供应冲击下的政策排序 When oil is scarce and debt is binding policy sequencing under a severe energy supply shock.pdf

bruegel-当石油稀缺而债务具有约束力时 严重能源供应冲击下的政策排序 When oil is scarce and debt is binding policy sequencing under a severe energy supply shock.pdf

WorkingPaper14/2026

Whenoilisscarceanddebtisbinding:

policysequencingunderasevereenergy

supplyshock

GeneFrieda

The2026Iranenergyshockdifferscategoricallyfromthe2022episode,whenRussia’sinvasionofUkraine

ledtoreroutingofoilandgassupply.The2026shockelim

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