Macroeconomic policy and the Salvadoran peace accords
分析了宏观经济政策如何影响结束萨尔瓦多内战的和平协议实施，发现紧缩政策而非资源限制阻碍了协议及时落实，且协议未解决导致战争的贫困与不平等问题。
We analyze the relationship between macroeconomic policies and the implementation of the peace agreement that ended civil war in El Salvador. We review recent stabilization and adjustment policies and identify potential impediments to sustained growth. We observe that the agreement mandated thorough-going democratization of political institutions, but its socioeconomic reforms promised little more than excombatants' reintegration into civilian life; the poverty and inequality impelling the war were not addressed. We analyze the political bargaining governing the agreement's uneven implementation, and conclude that the macroeconomic policy environment of austerity, rather than resource constraints per se, impeded its timely implementation.