Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Scientific Publication In Electronic Form |
| Scope | Discipline-based scholarship |
| Title | The price of war: Macroeconomic effects of the 2022 sanctions on Russia |
| Organization Unit | |
| Authors |
|
| Refereed | Yes |
| Language |
|
| Place of Publication | London |
| Publisher | VoxEU, CEPR Policy Portal |
| Date | 2022 |
| Abstract Text | Following Russia’s invasion of Ukraine on 24 February 2022, the US, Europe, and many other countries imposed new economic sanctions on Russia. This column assesses the economic effects of these sanctions using a structural vector auto-regression model of the Russian economy. The findings suggest that industrial production, consumption, and investment will all decline, and that Russian GDP will contract by -12.5% to -16.5% in 2022. Nevertheless, the Russian economy will continue to rely on its existing export model, which may be difficult to undermine, even with potential oil and gas embargoes. |
| Free access at | Official URL |
| Official URL | https://voxeu.org/article/macroeconomic-effects-2022-sanctions-russia |
| Other Identification Number | merlin-id:22360 |
| PDF File |
Download from ZORA
|
| Export |
BibTeX
EP3 XML (ZORA)
|