Using both the onset of the US-China trade war in 2018 and the most recent Russia-Ukraine war and associated trade …

limiting exports to Russia. The economic intuition is that when Russians are unable to buy the mix of foreign goods they wish … import from non-sanctioning countries. We also review well-known forces for a depreciation (e.g. Russian export reduction …

In December 2022, following Russia's invasion of Ukraine, a G7-led coalition of countries imposed a $60 per barrel …

intermediate import price rose by more as a consequence of the sterling depreciation. Calibrating the estimated wage elasticity … with respect to intermediate import prices to theory uncovers evidence of a production complementarity between workers and …

interest. For example, IV methods have been used to show that import exposure to low-wage countries has adversely affected … Western labor markets. Similarly, they have been used to show that import exposure has increased voter polarization. However … framework, we estimate that labor market adjustments explain most to all of the effect of import exposure on voting, thereby …

Recent sanctions on the use of Russia's international reserve assets seem likely to reduce the appeal of US dollar … has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically …