IMF Working Papers

• Pages: 11-13

December 2016

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IMF Working Papers

Working Paper 16/172

Negative Interest Rate Policy (NIRP): Implications for

Monetary Transmission and Bank Protability in the

Euro Area

Andreas Jobst, Huidan Lin

Working Paper 16/173

China’s Growing Inuence on Asian Financial Markets

Serkan Arslanalp, Wei Liao, Shi Piao, Dulani Seneviratne

Working Paper 16/174

Aggregate Uncertainty and Sectoral Productivity Growth:

e Role of Credit Constraints

Sangyup Choi, Davide Furceri, Yi Huang, Prakash Loungani

Working Paper 16/175

Protability and Balance Sheet Repair of Italian Banks

Andreas Jobst, Anke Weber

Working Paper 16/176

Growing Apart, Losing Trust? e Impact of Inequality

on Social Capital

Eric D. Gould, Alexander Hijzen

Working Paper 16/178

Optimal Debt Policy Under Asymmetric Risk

Julio Escolano, Vitor Gaspar

Working Paper 16/179

Smoke Screen: Estimating the Tax Pass-rough to

Cigarette Prices in Pakistan

Serhan Cevik

Working Paper 16/180

Market Frictions, Interbank Linkages and Excessive

Interconnections

Pragyan Deb

Working Paper 16/181

China’s Financial Interlinkages and Implications for

Inter-Agency Coordination

Min Liao, Tao Sun, Jinfan Zhang

Working Paper 16/182

Unlocking Pakistan’s Revenue Potential

Serhan Cevik

Working Paper 16/183

Rebalancing in China—Progress and Prospects

Longmei Zhang

Working Paper 16/184

Spatial Dependence and Data-Driven Networks of

International Banks

Ben Craig, Martín Saldías

Working Paper 16/185

Highways to Heaven: Infrastructure Determinants and Trends

in Latin America and the Caribbean

Valerie Cerra, Alfredo Cuevas, Carlos Góes, Izabela Karpowicz,

Troy D Matheson, Issouf Samaké, Svetlana Vtyurina

Working Paper 16/186

Supervisory Incentives in a Banking Union

Elena Carletti, Giovanni Dell’Ariccia, Robert Marquez

Working Paper 16/187

Regulating Local Government Financing Vehicles and

Public-Private Partnerships in China

Hui Jin, Isabel Rial

Working Paper 16/188

Fiscal Rules for Resource Windfall Allocation:

e Case of Trinidad and Tobago

Keyra Primus

Working Paper 16/189

e Eectiveness of Monetary Policy in Small Open

Economies: An Empirical Investigation

Keyra Primus

Working Paper 16/190

Fragmented Politics and Public Debt

Ernesto Crivelli, Sanjeev Gupta, Carlos Mulas-Granados,

Carolina Correa-Caro

Working Paper 16/191

An Assessment of the Exchange Rate Pass-rough in

Angola and Nigeria

Ana Lariau, Moataz El-Said, Misa Takebe

Working Paper 16/192

How to Improve Ination Targeting in Canada

Maurice Obstfeld, Kevin Clinton, Ondra Kamenik,

Douglas Laxton, Yulia Ustyugova, Hou Wang

Working Paper 16/193

Products and Provinces: A Disaggregated Panel Analysis

of Canada’s Manufacturing Exports

Itai Agur

Working Paper 16/194

Fading Ricardian Equivalence in Ageing Japan

Ikuo Saito

Working Paper 16/195

U.S. Monetary Policy Normalization and Global Interest Rates

Carlos Caceres, Yan Carriere-Swallow, Ishak Demir,

Bertrand Gruss

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