In this episode of Policy Implications, Olha Zadorozhna talks with Yuriy Gorodnichenko (UC Berkeley) and Maurice Obstfeld (UC Berkeley and former IMF Chief Economist) about what it really takes to put Ukraine on a sustainable postwar growth path.
Reconstruction is not just about rebuilding what was destroyed. It’s about creating the conditions for long-term investment, higher productivity, and the return of millions of Ukrainians.
In this conversation, we discuss:
▪ why investment — not just aid — is the key to growth
▪ how Ukraine can attract foreign capital
▪ what policies ensure that financial inflows translate into real economic development
▪ how to avoid boom-bust cycles after large inflows
▪ what the EU, US, and international institutions should do next
This episode focuses on concrete policy choices that could shape Ukraine’s economic future for decades.
More details about the papers discussed in this episode may be found here: https://www.nber.org/papers/w34715.
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· Come Back Alive Foundation: https://savelife.in.ua/en/
· Leleka Foundation – support for Ukrainian medics on the frontlines: https://leleka.care/en
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