In the first in-depth analysis of the effects of sanctions on the Russian political economy, Richard Connolly details the Western sanctions targeting the energy, defense and financial sectors, and the Russian response. He explores how the Western sanctions have caused Russian officials to...

This paper demonstrates that an estimated, structural, small open-economy model of the Canadian economy cannot account for the substantial influence of foreign-sourced disturbances identified in numerous reduced-form studies. The benchmark model assumes uncorrelated shocks across countries and...