Subjective beliefs, deterrence, and the propensity to drive while intoxicated

Yiqun Chen, Frank Sloan 15 December 2014

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Driving while intoxicated (DWI) is a serious problem in the US, having caused more than 10,000 deaths in 2010 (US National Centre for Statistics and Analysis 2012). Studies have documented that 2% of weekend night time drivers on US roads had illegal blood alcohol concentrations (Lacey et al. 2009), and more than 110 million alcohol-impaired driving episodes occur in US annually (Bergen et al. 2011). Legally intoxicated drivers are 13 times more likely to cause fatal crashes than sober drivers (Levitt and Porter 2001).

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Topics:  Frontiers of economic research

Tags:  drunk driving, detection, deterrence, sanctions

Countering sanctions: The unequal geographic impact of economic sanctions in North Korea

Yong-Suk Lee 06 November 2014

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Economic sanctions have become a more frequent foreign policy tool in recent decades. North Korea and Iran have been sanctioned for their nuclear pursuit, Syria for mass civilian killings, and recently Russia for annexing Crimea. However, these sanctions do not seem to be effective in achieving their intended goals. Hufbauer et al. (2009) document 174 sanction cases and find that only 34% were at least partially successful with most of the successes happening before the 1970s. What explains such inefficacy of sanctions?

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Topics:  Politics and economics

Tags:  North Korea, sanctions, satellite data

Europe’s Russian connections

Aasim M. Husain, Anna Ilyina, Li Zeng 29 August 2014

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The conflict in Ukraine and the imposition of new sanctions against Russia by the US and the EU (second half of July) followed by Russia's counter-sanctions (August 7) signal an escalation of geopolitical tensions that has been strongly felt in Russian financial markets (see Chart 1). A deterioration in the conflict, as well as further escalation of sanctions and counter-sanctions, could have a substantial adverse impact on the Russian economy through direct and indirect (confidence) channels (IMF 2014a).

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Topics:  Europe's nations and regions Politics and economics

Tags:  Russia, sanctions, Eastern Europe

Russia’s tit for tat

Peter A.G. van Bergeijk 25 April 2014

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Since 16 March 2014, the EU (in concerted action with the US) has frozen assets and imposed travel bans on 33 persons and an individual bank. On 20 March, Russia counteracted with the reciprocal blacklisting of EU and US officials. This pattern of tit for tat raises the question of the comparative vulnerability of the EU and Russia. In assessing this vulnerability, is not just the ability to inflict economic damage that matters, however, but also the way economic damage translates into political change. This means that one needs to consider the political system.

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Topics:  Politics and economics

Tags:  Russia, EU, sanctions, Crimean crisis

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