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, broadening existing economic sanctions and tightening their enforcement. However, an unintended consequence of the nuclear crisis … interest in cooperating with international efforts to pressure North Korea, let alone in supporting sanctions. North Korea … appears to have rearranged its external economic relations to reduce any impact that traditional sanctions could have. Given …
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We present an economic rationale for countries resorting to foreign influence to export their ideology to other nations. Our model incorporates two fundamental elements: redistribution of the tax burden between capital owners and workers, and international capital mobility. The model highlights...
Persistent link: https://www.econbiz.de/10014322786
In an interconnected world, economic and political interests inevitably reach beyond national borders. Since policy choices generate external economic and political costs, foreign state and non-state actors have an interest in inflencing policy actions in other sovereign countries to their...
Persistent link: https://www.econbiz.de/10011987983
Economic sanctions are a frequent instrument of foreign policy. In a diplomatic conflict, they aim to elicit a change … in the policies of foreign governments by damaging their economy. However, sanctions are not costless for the sending …. We first gauge the impact of the sanctions’ regime using a structural gravity framework and quantify the trade losses in …
Persistent link: https://www.econbiz.de/10011561723
, targets can bluff in order to deter coercion attempts. I find that while sanctions are a weakly dominant tool of influence … committing to a certain course of action for the entire duration of interaction. Moreover, using rewards and sanctions in …
Persistent link: https://www.econbiz.de/10012307876
We derive new tests for proper calibration of multivariate density forecasts based on Rosenblatt probability integral transforms. These tests have the advantage that they i) do not depend on the ordering of variables in the forecasting model, ii) are applicable to densities of arbitrary...
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