Torbjörn Becker, Barry Eichengreen, Yuriy Gorodnichenko, Sergei Guriev, Simon Johnson, Tymofiy Mylovanov, Maurice Obstfeld, Kenneth Rogoff, Ilona Sologoub, Beatrice Weder di Mauro
The war in Ukraine has caused massive destruction and suffering for the country and its people. It has affected both physical and human capital, including destruction of property, out-migration, and internal displacement. This column, and the companion CEPR Rapid Policy Response report, proposes a macroeconomic framework for the post-war period that can support a successful recovery. The reconstruction should focus on delivering sustainable public finances, sound monetary policy, a predictable and fair regulatory framework, and flexible labour markets. The path to rebuilding is difficult, but the determination of Ukraine and its partners can ensure this process will be successful.