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S6 Ep22: The impact of trade sanctions

VoxTalks Economics

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Introduction

Vladimir Putin has admitted that trade sanctions are going to hurt Russian's economy. Estimating the consequences of trade sanctions can be a complex and time-consuming task. Current estimates for the effect of sanctions on Russia's GDP are all over the place. Jean-Inves set out a new method to approximate the impacts of trade sanctions, and applying it to Russia's trade with EU countries reveals some important and interesting new insights.

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