The G7 countries plan to impose a price cap on purchases of Russian oil and related products, with the objective of reducing Russia’s ability to fund its invasion of Ukraine while limiting the war’s impact on global energy prices. The IGM Forum at Chicago Booth invited its panels of leading US and European economists to express their views. As this column reports, over two-thirds of the experts consider that an oil price cap could be an effective measure to reduce the flow of revenues to Russia; while just over a half think that the cap would not affect the world oil price. Many express views on the challenges of ... (full story)