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The Impact of Economic Sanctions on Target Countries: A Review of the Empirical Evidence

Jerg Gutmann, Matthias Neuenkirch, Florian Neumeier
CESifo, Munich, 2023

EconPol Forum 24 (3), 05-09
  • The use of economic sanctions has increased rapidly since the end of the Cold War
  • Economic sanctions can inflict huge economic costs on target countries
  • Sanctions may also have unintended effects and cause collateral damage
  • The effectiveness of sanctions in terms of meeting the proximate goals for which they are imposed is disputed

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