It is a vital time in International Economics. Rob Feenstra and Alan Taylor are luminaries in the field, long-time teachers of the course, and authors of a leading text International Economics, 5th Edition. In this webinar, they addressed four key areas where the war in Ukraine and international economics intersect, including:
Exchange Rates: Understanding the ruble crash and other forex market events after large political shocks.
Trade sanctions: Implications of embargoes, MFN, and tariffs, and lessons from trade wars in history.
Financial disruptions: The costs of default and the status of forex reserves in Russia and beyond.
Migration: Effects of emigration from Ukraine and Russia on the European economy.