Macro Musings with David Beckworth

Christine McDaniel on the Russia Sanctions and Their Impact on Globalization and the Russian Economy

Jun 6, 2022

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What Is Europe Going to Do Next?

Is the Glass Half Full or Half Empty When It Comes to Sanctions?

X a NTI Analysis - Looking Forward, Not Backwards?

Doing Business With Russia

Estimating the Economic Effects of Sanction on Russia and Allied Trade Embargo

Is It a Recession, or a Mild Recession?

The Reputational Risk of Russo-Russian Relations

The Art and Science of Enforcing Sanctions

Russia Blocking Ports on the Black Sea for Ukranian Wheats?

Cutting the Terras - That's Not Just One Thing, Right?

Is There a Macdonald's in Russia?

Russia's Response to the Migninsk Act

Is It a Good Idea to Reset Relations With Russia?

Dollar Dominance

Macro Musings - Is China a Major Reserve Currency?

Christine McDaniel is a senior research fellow at the Mercatus Center where she focuses on trade and intellectual property rights issues. Christine previously held several positions in the US government, including deputy assistant secretary at the Treasury Department and senior trade economist in the White House Council of Economic Advisors. She has also worked in the economic offices of the US Department of Commerce, US Trade Representative, and the US International Trade Commission. Christine rejoins Macro Musings to talk about the economic sanctions applied to Russia, and their implication for the Russian economy and globalization more generally. Specifically, David and Christine also discuss the structure and effectiveness of the Russia sanctions, the war’s heavy impact on food shortages, the role of dollar dominance in geopolitics, and more.

Transcript for the episode can be found here.

Christine’s Twitter: @christinemcdan

Christine’s Mercatus profile: https://www.mercatus.org/scholars/christine-mcdaniel

Related Links:

*We’ve Never Seen a Country Go Backwards as Quickly as Russia* by Christine McDaniel

https://thehill.com/opinion/international/3487291-weve-never-seen-a-country-go-backwards-as-quickly-as-russia/

*Estimating the Economic Effects of Sanctions on Russia: An Allied Trade Embargo* by Kornel Mahlstein, Christine McDaniel, Simon Schropp, and Marinos Tsigas

https://cadmus.eui.eu/bitstream/handle/1814/74493/RSC_WP_2022_36.pdf?sequence=1&isAllowed=y

*Potential Economic Effects of Sanctions on Russia: An Allied Trade Embargo* by Kornel Mahlstein, Christine McDaniel, Simon Schropp, and Marinos Tsigas

https://voxeu.org/article/potential-economic-effects-allied-trade-embargo-russia

*US Sanctions Reinforce the Dollar’s Dominance* by Michael P. Dooley, David Folkerts-Landau, and Peter M. Garber

https://www.nber.org/papers/w29943#:~:text=Recent%20sanctions%20on%20the%20use,shock%20absorber%E2%80%9D%20for%20international%20payments.

David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth