## A Macroeconomic Framework for Long-Term Resilience and Growth

_IMF Working Papers, July 4, 2025_

## Source details

**Canonical URL:** [A Macroeconomic Framework for Long-Term Resilience and Growth](https://www.imf.org/en/publications/wp/issues/2025/07/03/a-macroeconomic-framework-for-long-term-resilience-and-growth-568245)

## Other formats

- [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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## Bibliographic details
- 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

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### Framework overview
- 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.

### Model features and analytical scope
- 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.

### Policy focus and recommendations (as presented)
- 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.

### Country case applications
- Presents the country cases of Benin and Jamaica to illustrate tradeoffs and synergies in macro-fiscal policy for resilience and growth.

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## Content in this bundle

- **Working Paper**
  - [Working Paper (Markdown version)](/-/media/files/publications/wp/2025/english/wpiea2025135-print-pdf.pdf.md){rel="alternate" type="text/markdown"}
  - [Working Paper (PDF)](/-/media/files/publications/wp/2025/english/wpiea2025135-print-pdf.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/wp/issues/2025/07/03/a-macroeconomic-framework-for-long-term-resilience-and-growth-568245_