The Importance of Rapid Estimates of the Effects of Trade Sanctions on Russia

Jean Imps: Having global value chains is going to multiply outside options and the possibilities of substituting away from given supplier that's quote-unquote problematic. On the other hand, the existence of these supply chains will actually have ripple effects. They will magnify, propagate and magnify the effects of a given shock. So the combinations of these two has ambiguous predictions.