In August 2014, the Russian Federation implemented an embargo on select food and agricultural imports from Western countries in response to the economic sanctions. The measure was designed to harm producers in United States, European Union, Norway, Ukraine, along other Western countries. In this...

The extensive margin of bilateral trade exhibits a high level of persistence that cannot be explained by geography or trade policy. We combine a heterogeneous firms model of international trade with bounded productivity with features from the firm dynamics literature to derive expressions for an...

Venezuela has seen an unprecedented exodus of people in recent months. In response to a dramatic economic downturn in which inflation is soaring, oil production tanking, and a humanitarian catastrophe unfolding, many Venezuelans are seeking refuge in neighboring countries. However, the lack of...

In Zeiten einer plötzlichen Krise, wie man sie ausgelöst durch das Coronavirus seit März 2020 in Europa erlebt, können offizielle Statistiken die aktuellen wirtschaftlichen Entwicklungen nicht wiedergeben, weil diese erst mit mehreren Wochen Verzögerung veröffentlicht werden. Eine Reihe...

Im Zuge der Eindämmung der Coronavirus-Pandemie wurden am 9. März 2020 in Deutschland Großveranstaltungen verboten, eine Woche später schlossen die Schulen, und wieder eine Woche später wurde eine allgemeine Kontaktsperre verhängt. Mittlerweile sind seit den ersten Maßnahmen 9 Wochen...

The proliferation of international supply chains makes the domestic production of goods increasingly dependent on inputs from foreign sources. By expanding their sourcing portfolio to foreign suppliers, firms and by extension entire economies are more prone to the trade effects of adverse...

Do economic sanctions affect internal support of sanctioned countries’ governments? To answer this question, we focus on the sanctions imposed on Russia in 2014 and identify their effect on voting behavior in both presidential and parliamentary elections. On the economic side, the sanctions...

How would the German economy cope with a hard economic decoupling from China? The authors study a scenario where the global economy fragments into three distinct blocs: the G7 economies and their allies, China and her allies, as well as neutral countries. German trade with China would have to be...