Rapid Response Economics / 2

Macroeconomic Policies for Wartime Ukraine

• Torbjörn Becker Barry Eichengreen Yuriy Gorodnichenko Sergei Guriev Simon Johnson Tymofiy Mylovanov Maurice Obstfeld Kenneth Rogoff Beatrice Weder di Mauro
12 Aug 2022

As the conflict in Ukraine continues on into the latter months of 2022, this book outlines macroeconomic policies to put the economy of Ukraine on a sustainable trajectory for the duration of the war. The authors emphasise at the outset that Ukraine’s crisis is not a setting for a typical macroeconomic adjustment programme. The country’s very survival—and Europe’s future—is at stake. This key constraint should condition the design of any programme. Extraordinary challenges must be matched by extraordinary policies and extraordinary support from Ukraine’s international partners.