The US, the EU, and other allies have responded to Russia’s attack on Ukraine with severe economic sanctions. What will it take to make these sanctions work? What is the price for Russia, what is the price for the West? How are the costs of the sanctions distributed? What are the lessons to be learned for the world economy? So many questions. This lecture seeks to provide tentative answers based on game theory, empirical literature on sanctions, and trade policy models.

Lecture:

Gabriel Felbermayr, Director of the Austrian Institute of Economic Research (WIFO); Professor of Economic Policy, WU

Discussion:

Christoph Badelt, President of the Austrian Fiscal Advisory Council

Gabriel Felbermayr, Director of the Austrian Institute of Economic Research (WIFO); Professor of Economic Policy, WU

Moderated by:

Karin Heitzmann, Co-Head of the Research Institute for the Economics of Inequality, WU

LIVESTREAM

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