Do international sanctions effectively impose economic costs on targeted entities? We consider various U.S. sanctions imposed on the Xinjiang Production and Construction Corps (XPCC) from July 2020 onward. We find that exactly when sanctions are imposed, stock market returns of XPCC-connected...

Calls to boycott a foreign country aim to push a share of domestic consumers to cut their consumption of goods imported from the targeted country. How do boycotts differ from sanctions? Should boycotters target all of the country's products, or should they focus on a restricted set of sectors? I...