Mamonov, Mikhail; Pestova, Anna - 2021
How large are the macroeconomic effects of financial sanctions and how one can distinguish the sanction shocks from … prices in 2014 (negative terms-of-trade, TOT, shock) and rising oil prices in 2017. We begin disentangling the sanction and … apply a structural approach to identify sanction shocks.Our results consistently indicate that the sanction effects were …