{
  "title": "A Macroeconomic Framework for Long-Term Resilience and Growth",
  "publication": "IMF Working Papers, July 4, 2025",
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  "summary": "This paper describes a macroeconomic framework integrating disasters in the analysis of growth and long-term economic resilience. The framework is a dynamic growth model incorporating endogenous human and physical capital accumulation, fiscal policy interventions, and public debt dynamics.",
  "sections": [
    {
      "heading": "Framework overview",
      "content": "- Describes a macroeconomic framework integrating disasters in the analysis of growth and long-term economic resilience.\n- Framework is a dynamic growth model incorporating endogenous human and physical capital accumulation, fiscal policy interventions, and public debt dynamics.\n- Model allows for flexible analyses of slow and fast onset climate impacts and fiscal policy reforms to foster sustainable long-term growth and adaptation."
    },
    {
      "heading": "Model features and analytical scope",
      "content": "- Endogenous accumulation of human capital.\n- Endogenous accumulation of physical capital.\n- Explicit fiscal policy interventions and public debt dynamics.\n- Flexible treatment of climate impacts: slow onset and fast onset disaster scenarios.\n- Analysis includes both resilient investment and non-structural adaptation options."
    },
    {
      "heading": "Policy focus and recommendations (as presented)",
      "content": "- Emphasizes adaptation policies, specifically investing in resilient infrastructure.\n- Highlights fiscal policy reforms to foster sustainable long-term growth and adaptation.\n- Recommends enhanced spending on resilient investment and non-structural adaptation options.\n- Examines tradeoffs and synergies in macro-fiscal policies for addressing sustainable long-term growth and the impacts of disasters."
    },
    {
      "heading": "Country case applications",
      "content": "- Presents the country cases of Benin and Jamaica to illustrate tradeoffs and synergies in macro-fiscal policy for resilience and growth.\n\n---\n\n Content in this bundle\n\n- Working Paper\n  - Working Paper (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Working Paper (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/wp/issues/2025/07/03/a-macroeconomic-framework-for-long-term-resilience-and-growth-568245"
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    "[Markdown version](/en/publications/wp/issues/2025/07/03/a-macroeconomic-framework-for-long-term-resilience-and-growth-568245/index.md)",
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    "Authors: David Bartolini, Andrew Ceber, Valerie Cerra, Pedro Juarros, Yujin Kim, Junko Mochizuki, Christine J. Richmond",
    "Published: July 4, 2025",
    "Series: IMF Working Papers",
    "DOI: https://doi.org/10.5089/9798229015196.001",
    "Describes a macroeconomic framework integrating disasters in the analysis of growth and long-term economic resilience.",
    "Framework is a dynamic growth model incorporating endogenous human and physical capital accumulation, fiscal policy interventions, and public debt dynamics.",
    "Model allows for flexible analyses of slow and fast onset climate impacts and fiscal policy reforms to foster sustainable long-term growth and adaptation.",
    "Endogenous accumulation of human capital.",
    "Endogenous accumulation of physical capital.",
    "Explicit fiscal policy interventions and public debt dynamics.",
    "Flexible treatment of climate impacts: slow onset and fast onset disaster scenarios.",
    "Analysis includes both resilient investment and non-structural adaptation options.",
    "Emphasizes adaptation policies, specifically investing in resilient infrastructure.",
    "Highlights fiscal policy reforms to foster sustainable long-term growth and adaptation.",
    "Recommends enhanced spending on resilient investment and non-structural adaptation options.",
    "Examines tradeoffs and synergies in macro-fiscal policies for addressing sustainable long-term growth and the impacts of disasters.",
    "Presents the country cases of Benin and Jamaica to illustrate tradeoffs and synergies in macro-fiscal policy for resilience and growth.",
    "**Working Paper**"
  ],
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