Macro Musings with David Beckworth cover image

Gerard DiPippo on the Russia Sanctions, Demographic Decline, and the Future of the Global Monetary System

Macro Musings with David Beckworth

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What Has Russia Been Doing With the Sanctions?

The sanctions were a financial shock to russia. The rouble tankin ye saw what put the indicators within the russian bank system looking quite dire. But after that period past, the rubl recovered. In fact, that's actually nominally, at a higher rate than it was before the war. So i do think, in that sense, the sanctions are working to grade the russianecon.

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