sanctions

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North Korea: sanctions and marketization from below

What’s at stake: despite Western sanctions, North Korea has been in the news all summer. The country was in the spotlight for the death of American student of Otto Warmbier in June, and for the frequent missiles tests in July and August. We review recent contributions on the impact of economic sanctions.

By: Silvia Merler Topic: Global Economics & Governance Date: September 11, 2017
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Kosten uns die Russland-Sanktionen wirklich 2 Millionen Jobs?

Vor zwei Wochen hat ein Bericht des Österreichischen Institut für Wirtschaftsforschung (WIFO) zur Wirkung der Russland-Sanktionen auf die europäische Wirtschaft eine hohe mediale Aufmerksamkeit erzielt. Es ist nun möglich, Medienberichte und die Studie zu vergleichen, und die der Studie zugrundeliegende Methodik zu hinterfragen. Haben die Ökonomen in Wien  die Auswirkungen der EU-Maßnahmen auf Handel, Wachstum und Beschäftigung übertreiben?

By: Georg Zachmann Topic: Global Economics & Governance Date: July 14, 2015
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The cost of escalating sanctions on Russia over Ukraine and Crimea

Sanctions are not about showing the other how much damage can be inflicted on the sanctioned party, but about demonstrating how much pain can be tolerated by the sanctioner. If the EU wants to go all-out over Crimea, stopping gas imports from Russia would be a powerful signal with limited long-term consequences 

By: Georg Zachmann Topic: European Macroeconomics & Governance, Global Economics & Governance Date: November 11, 2014