Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn discusses further sanctions on Russia and their economic ramifications.

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn argues that 2016 looks set to be a volatile year in which geopolitics and hard-to-quantify policy dilemmas create significant uncertainty in markets. Policymakers will be asked to make tough decisions about where and when to intervene in markets at a time when their capacity to deal with crisis is increasing challenged, suggesting the road ahead could continue to be bumpy.

Steven A. Tananbaum Senior Fellow for International Economics Robert Kahn discusses what sanctions on Russia could mean for global markets.

Bottom Line: The crisis in Venezuela continues to escalate, with no recovery or relief in sight. A messy and chaotic default looms, and the rescue will likely involve a tough adjustment program, larg…