Basic economics teaches that price caps are bad–limiting the price of a good distorts
demand and discourages producers from supplying the market. So why did the Biden …

Recent changes in the macroeconomic environment have raised and likely will continue to
raise the spectre of local shortages of production inputs. Limits to the supply of such goods …

We characterize sabotage, exemplified by recent US policies concerning China's
semiconductor industry, as trade policy. For some (but not all) goods, completely destroying …

Abstract In a simple New Keynesian open economy setting, we analyze how local input
shortages influence policy transmission and equilibrium determinacy. Shortages increase …

This article takes a close look at the landscape of global navigation satellite system (GNSS)
spoofing. It is well known that automated identification system (AIS) spoofing can be used for …

A ceiling has been imposed on the price at which Russian producers can sell oil. The price
cap is intended to reduce Russian government tax revenue without increasing the world …

The potency of economic sanctions imposed on nations depends on demand and supply
adjustment possibilities. Adverse GDP impacts will be maximal when import, export …

We review the literature on geoeconomics, defined as the field of study that links economics
and geopolitics (power rivalry). We describe what geoeconomics is and which questions it …

The West has imposed significant sanctions on Russia since its full-scale invasion of
Ukraine in 2022, with the most impactful being energy sanctions targeting Russia's oil …

Over the last decade, the Russian Federation has repeatedly violated international law and
norms, beginning with the occupation and annexation the Crimean Peninsula 1 in 2014 and …