Flach, Lisandra; Heiland, Inga; Larch, Mario; … - In: Review of International Economics 32 (2023) 1, pp. 281-323
This paper evaluates the effects of sanctions on Russia between 2014 and 2019 and the resulting countersanctions. We estimate their impact on trade in a gravity framework, allowing for treatment heterogeneity among pairs and sectors, and use the estimated elasticities in a general equilibrium...