Macro-Economic Policies in Post-Conflict Countries

Abstract

What happens to the macro-economy is very important — not only for the level and growth of output and for employment but also for the evolution of horizontal inequalities (HIs). In many contexts it is the macro-policies and macro-consequences of these policies that determine opportunities across regions and sectors, and this in turn is the major determinant of HIs. Specific policies may be introduced at meso-level and micro-level to correct HIs, but, generally speaking, it is macro-developments that are most important; they can easily offset the effects of any specific policies.