The Russian invasion of Ukraine on 24 February 2022 brought back the spectre of a nuclear war, WWIII, and other potential horrors. Announcing the attack,
There are many discussions on the reconstruction of Ukraine underway and even a few specific plans, such as the one proposed by the European Commission. So
How Berkeley Haas professor Anastassia Fedyk has used economic expertise and AI-driven aid to help Ukraine
Fedyk didn’t stop there. She teamed up with her husband, James Hodson, to launch LifeForce, a platform that takes an economics-based approach to humanitarian aid. Rather
As early as April 2022, when atrocities in Irpin and Bucha (Kyiv region) became widely known, Western media began discussing whether Russias actions in Ukraine
Since Russian opposition parties’ immediate political goals have nothing to do with Ukraine’s fight for survival, Ukrainians understandably object to attempts to tie the two
The EU has refused to immediately and fully embargo Russian oil and gas purchases out of fear that it would throw the continent into an industrially-led recession, or would cause a much larger spike in prices. These arguments do not reflect the reality of supply-side elasticity in the oil and gas markets, and ignore the enormous costs that we are paying already as a result of the purchases of oil and gas from Russia
We use a unique high-frequency Russian customs data to evaluate the impact of international sanctions on Russia. We focus on Russian crude oil and oil products exports, as they are the key sources of export revenues and government finances. We find that Russia was able to redirect crude oil exports from Europe to alternative markets such as India, China, and Turkey with no loss of volumes. In particular, we find that Russian oil exports from Pacific Ocean ports, which are critical for trade with China, do not comply with the G7 price cap.
As economists specializing in behavioral economics and game theory, we teach strategic concepts from game theory to our business students. The same ideas can help us understand Russia’s current moves, predict its future behavior and derive the best strategies to achieve long-term goals.