Policy Briefs
When Commitment Matters for Macroeconomic Reforms in Post-Conflict Countries
No.
PB 98
Publisher
ERF
Date
November, 2022
Topic
E. Macroeconomics and Monetary Economics
In a nutshell
- The objective of this policy brief is twofold. First, it provides the basic elements of a possible analytical framework for post-conflict reform in Arab societies. Second, it presents the main characteristics of macroeconomic policies that have to be adopted in both the short (stabilization policies) and the long (structural reforms) term in order to avoid the time inconsistency problem.
- The latter refers to the fact that some policies that were optimal in the short term are no longer perceived to be optimal in the long run and might not be implemented.
- We argue that macroeconomic reforms must be analyzed through a more comprehensive approach (with its political-economic factors and its time horizons) not just specific measures that help stabilize the economies in the short term.
Authors
Adeel Malik
Globe Fellow in the Economies of Muslim...
Research Fellows
Chahir Zaki
Chaired Professor of Economics, University of Orléans