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This note isolates an overlooked economic force for the Ruble to appreciate in response to international sanctions … limiting exports to Russia. The economic intuition is that when Russians are unable to buy the mix of foreign goods they wish …
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that affect the equilibrium exchange rate. The dynamic behavior of the ruble exchange rate following Russia's military …
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The sharp devaluation of the ruble in 2014 increased the real returns to Russians from working in a global online labor … the predictions of bargaining models, there was little to no pass-through of the ruble price changes in to wages. There …
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