International sanctions and limits of Lerner Symmetry

Oleg Itskhoki and Dmitry Mukhin

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: After a wave of globalization, trade wars and financial sanctions again become frequent tools of international policymaking, leading to an increased interest in the consequences and effectiveness of international sanctions. Itskhoki and Mukhin (2022b) show that Lerner symmetry provides an important benchmark with import and export sanctions equivalent in terms of their effects on allocations and welfare. This abstracts from several practical issues, including the timing of sanctions, interactions between trade and financial restrictions, and the effects of sanctions on the financial sector. We incorporate these features to study their implications and emphasize points of departure from Lerner symmetry.

JEL-codes: F12 F13 F32 F34 F51 (search for similar items in EconPapers)
Date: 2023-05-01
New Economics Papers: this item is included in nep-ifn and nep-int
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in AEA Papers and Proceedings, 1, May, 2023, 113, pp. 33 - 38. ISSN: 2574-0768

Downloads: (external link)
http://eprints.lse.ac.uk/120671/ Open access version. (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ehl:lserod:120671

Access Statistics for this paper

More papers in LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library LSE Library Portugal Street London, WC2A 2HD, U.K.. Contact information at EDIRC.
Bibliographic data for series maintained by LSERO Manager ().