Highlights from the SITE 2022 Development Day conference
15 December 2022
On December 6, 2022, Stockholm Institute of Transition Economics (SITE) hosted the annual Development Day, this year focusing on how to maintain and organize support for Ukraine. See photos and highlights from the conference to learn more.
Comments on the situation in Ukraine and neighbouring countries at SITE Development Day conference
01 December 2022
This year’s SITE Development Day conference will focus on the Russian war on Ukraine. We will discuss the situation in Ukraine and neighbouring countries, how to finance and organize financial support within the EU and within Sweden, and how to deal with the current energy crisis.
Who benefitted from the gasoline tax cut in Sweden?
02 September 2022
Against the background of fast rising gasoline and diesel prices in 2022, a number of European countries have reduced fuel tax rates, often in the form of temporary “gas tax holidays”. In this policy brief, SITE researchers Julius Andersson and Celina Tippmann, analyse the tax incidence by comparing the gasoline price development in Sweden to that in Denmark, where the fuel tax rate remained unchanged.
Hedging EU’s “winter risk” by curbing gas demand: Solidarity, nudge, and market solutions
16 August 2022
The concern of Russian gas supply disruption and its implications has never been as serious. Chloé Le Coq, Professor at the University of Paris II Panthéon-Assas (CRED) and a Research Fellow at the Stockholm Institute of Transition Economics (SITE), discusses how nudging energy consumers to lower their demand may support the plans of the European Commission (EC).
I’ll pay you later: Sustaining relationships under the threat of expropriation
21 June 2022
SITE and NES (New Economic School) researchers investigate how multinational firms manage their relationships with governments under the threat of expropriation. Exploring micro data from the oil and gas industry worldwide, they show that the multinationals delay investment, production and tax payments by more than five years in countries with weak institutions relative to countries with strong ones. These findings are consistent with the theory suggesting that delaying rents to the government in absence of formal enforcement could decrease the risk of expropriation.
The energy and climate crisis facing Europe: How to strike the right balance
25 May 2022
Policymakers in Europe are currently faced with the difficult task of reducing our reliance on Russian oil and gas without worsening the situation for firms and households that are struggling with high energy prices. The two options available are either to substitute fossil fuel imports from Russia with imports from other countries and cut energy tax rates to reduce the impacts on firms and household budgets, or to reduce our reliance on fossil fuels entirely by investing heavily in low-carbon energy production.
Julius Andersson wins the AEJ Best Paper Award
06 May 2022
"Carbon Taxes and CO2 Emissions: Sweden as a Case Study" written by Julius Andersson, Assistant Professor at Stockholm Institute of Transition Economics (SITE), has won the 2022 AEJ: Economic Policy Best Paper Award.
The impact of rising gasoline prices on Swedish households – Is this time different?
05 May 2022
The world is currently experiencing what can be labelled as a global energy crisis, with surging prices for oil, coal, and natural gas. For households in Sweden and abroad, this translates into higher gasoline and diesel prices at the pump as well as increased electricity and heating costs. In this policy brief, Julius Andersson, Assistant Professor at SITE, together with Celina Tippmann, Research Assistant at SITE, put the current gasoline price in Sweden into a historical context and answer two related questions: are Swedish households paying more today for gasoline than ever before? And should policymakers respond by reducing gasoline taxes?
What are the effects of banning Russian oil and gas across the EU?
29 April 2022
Since the beginning of the Russia-Ukraine war, the West has been contemplating sanctions on Russian oil and gas imports. For the EU, this plan poses a significant challenge due to the long-existing sizable dependency on Russian energy. In this brief, we outline the possible effects of banning Russian oil and gas on the energy import bill across the EU.
Torbjörn Becker in Dagens Nyheter: "Sanctions on oil could end Putin's money"
04 April 2022
In a recently published op-ed, Torbjörn Becker, Director of the Stockholm Institute of Transition Economics, discusses why Russia must be forced to pay a higher price for its war in Ukraine. Sanctions should be directed at oil and gas exports, and it is also time to increase the pressure on the banking system. Frozen Russian assets in the West could later become a good basis for Ukraine's reconstruction.