IMF-长期弹性和增长的宏观经济框架

A Macroeconomic Framework for Long-Term Resilience and Growth David Bartolini, Andrew Ceber, Valerie Cerra, Pedro Juarros, Yujin Kim, Junko Mochizuki, and Christine Richmond WP/25/135 IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. 2025 JUL *The authors would like to thank Dora Benedek, Emanuele Massetti, Abdel Senhadji, Vitor Gaspar, and FAD seminar participantsfor helpful comments, and suggestions. Immense thank you to Abdel Senhadji for his guidance throughout this project. Specialthanks to Lahcen Bounader, Chen Chen, Qiaoe Chen, Arika Kayastha, Koralai Kirabaeva, Emanuele Massetti, and Johanna Tiedemann for valuable inputs and assistance provided at earlier stages of the project. © 2025 International Monetary Fund WP/25/135IMF Working Paper F