The Macro Intelligence Hub is pillar two of KSE Institute’s Center for Geoeconomics and Resilience and is dedicated to research on Ukraine’s macroeconomic situation, its recovery from the war, and economic resilience. For pillar one, the Sanctions Hub of Excellence, see here.
The center was established in October 2025 and is funded by the Government of Denmark.
Ukraine Macroeconomic Handbook
The quarterly flagship publication Ukraine Macroeconomic Handbook provides a comprehensive assessment of Ukraine’s economy performance across key sectors and macroeconomic indicators, presents a forecast of economic dynamics for the next several years, and discusses risks, needs, and policy trade-offs.
• Q1 2026
Ukraine Monthly Economic Update
The Ukraine Monthly Economic Update provides a quick overview of the most important macro-relevant developments of the past months across key real, fiscal, monetary, and external indicators for a comprehensive picture of the current dynamics and emerging trends.
Macro Risk Matrix
The quarterly Macro Risk Matrix regularly assesses risks facing Ukraine across several key categories, evaluating them by potential impact and likelihood and tracking the development of policy-relevant vulnerabilities.
• Coming soon (Q1 2026)
Foreign Financing Tracker
The quarterly Foreign Financing Tracker provides an in-depth assessment of financial support received by Ukraine from foreign partners and provides an outlook of such flows for the coming years, and discusses the impact on public finances and other macro-relevant dimensions.
• Coming soon (Q1 2026)
EU Accession Tracker
The quarterly EU Accession Tracker assesses the progress made with regard to Ukraine’s future membership in the European Union across all negotiation clusters.
• Coming soon (Q1 2026)
Ukraine Reform Handbook
The quarterly Ukraine Reform Handbook provides an in-depth assessment of key reforms currently being undertaken in Ukraine, assessing their implementation status, economic relevance, and alignment with medium-term growth, resilience, and EU accession objectives.
• Coming soon (Q1 2026)
Team
Benjamin Hilgenstock
Senior Economist
5+ years of work as an expert on macroeconomic analysis in international organizations and the financial industry; economist at the Institute of International Finance focusing on key emerging markets, including Ukraine and Russia; analyst with the International Monetary Fund’s research department.
Focus: Development of sanctions proposals, work with Yermak-McFaul Group
Education: MA in Political science and economics, Johannes Gutenberg-University Mainz (2008)
Benjamin Hilgenstock
Senior Economist
5+ years of work as an expert on macroeconomic analysis in international organizations and the financial industry; economist at the Institute of International Finance focusing on key emerging markets, including Ukraine and Russia; analyst with the International Monetary Fund’s research department.
Focus: Development of sanctions proposals, work with Yermak-McFaul Group
Education: MA in Political science and economics, Johannes Gutenberg-University Mainz (2008)
Benjamin Hilgenstock
Senior Economist
5+ years of work as an expert on macroeconomic analysis in international organizations and the financial industry; economist at the Institute of International Finance focusing on key emerging markets, including Ukraine and Russia; analyst with the International Monetary Fund’s research department.
Focus: Development of sanctions proposals, work with Yermak-McFaul Group
Education: MA in Political science and economics, Johannes Gutenberg-University Mainz (2008)