Oleg Itskhoki

Oct 22, 2024 | brookings.edu | Janice Eberly |Benjamin H. Harris |Oleg Itskhoki |Elina Ribakova

Since 2022, Western nations have emplaced a number of sanctions against Russia in response to the war in Ukraine. Policymakers and pundits have debated the efficacy of these measures, but this debate is belied by a deeper question: What does it mean for sanctions to “work”? In new BPEA research, Oleg Itskhoki of Harvard and Elina Ribakova of the Peterson Institute for International Economics explore fundamental questions of the theory and practice of sanctions in the Russia context.

Sep 25, 2024 | brookings.edu | Oleg Itskhoki |Elina Ribakova

Editor's note: The paper summarized here is part of the fall 2024 edition of the Brookings Papers on Economic Activity, the leading conference series and journal in economics for timely, cutting-edge research about real-world policy issues. Research findings are presented in a clear and accessible style to maximize their impact on economic understanding and policymaking. The editors are Brookings Nonresident Senior Fellows Janice Eberly and Jón Steinsson.

Feb 16, 2024 | intereconomics.eu | Oleg Itskhoki |Dmitry Mukhin

Forum Volume 57, 2022 · Number 3 · JEL: F31, F41, F51 A record number of economic sanctions have been imposed on the Russian economy since the invasion of Ukraine in February 2022. Given that it might take months and even years for these restrictions to take a toll on the economy, many commentators and policymakers attempt to infer the effects of sanctions from the short-term dynamics of the rouble exchange rate.

Dec 29, 2023 | nber.org | Oleg Itskhoki |Dmitry Mukhin

Prepared for the IMF 24th Jacques Polak Annual Research Conference. We thank Harald Hau for an insightful discussion and Mark Aguiar, Andy Atkeson, Gita Gopinath, Pierre-Olivier Gourinchas, Maury Obstfeld, Kenneth Rogoff, Jón Steinsson, Adrien Verdelhan and seminar/conference participants for helpful comments, and Haonan Zhou for outstanding research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

Dec 8, 2023 | nber.org | Oleg Itskhoki |Dmitry Mukhin

We thank Ozge Akinci, Adrien Auclert, Gianluca Benigno, Emine Boz, Charles Engel, Sebastian Fanelli, Masao Fukui, Luca Fornaro, Guido Lorenzoni and Ivan Werning for insightful discussions, Mark Aguiar, Manuel Amador, Andy Atkeson, Philippe Bacchetta, Suman Basu, Javier Bianchi, Anmol Bhandari, V.V.Chari, Mick Devereux, Mike Golosov, Pierre-Olivier Gourinchas, Lars Hansen, Tarek Hassan, Sebnem Kalemli-Özcan, Rohan Kekre, Robert Kollmann, Karen Lewis, Emi Nakamura, Maury Obstfeld, Fabrizio...