02047cas a2200325 a 4500 AALejournalIMF023136 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400215223 1018-5941 BD-DhAAL BD-DhAAL Albrizio, Silvia. Market Size and Supply Disruptions : Sharing the Pain of a Potential Russian Gas Shut-off to the European Union / Silvia Albrizio, John Bluedorn, Christoffer Koch, Andrea Pescatori. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (39 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We assess the supply-side effects on European Union (EU) economic activity if Russian gas imports were to suddenly cease. Unlike other studies, we account for the global scope of the liquefied natural gas (LNG) market. In the absence of frictions, an open-economy, multi-sector general equilibrium model suggests that the adverse economic impact on the EU shrinks five-fold if integration with the global LNG market is considered. While greater integration provides a buffer for the EU through trade, the flip side is that other LNG importers (such as Japan, South Korea, and Pakistan) see adverse effects from higher prices. Mode of access: Internet Energy imf Macroeconomics imf Prices, Business Fluctuations, and Cycles imf Supply Disruptions imf Bluedorn, John. Koch, Christoffer. Pescatori, Andrea. IMF Working Papers; Working Paper ; No. 2022/143 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1018-5941&volume=2022&issue=143 IMF e-Library