Abstract
Recession-driven low inflation and high spreads have increased the cost of
debt in public sector project finance investments, therefore reducing private
sector profits and bankability. This paper investigates the impact of
quantitative easing by central banks, showing that it can stimulate economic
growth producing shared public and private benefits.
Lingua originale | English |
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pagine (da-a) | 129-135 |
Numero di pagine | 7 |
Rivista | PUBLIC MONEY & MANAGEMENT |
Volume | 2 |
DOI | |
Stato di pubblicazione | Pubblicato - 2016 |
Keywords
- Central banks
- infrastructure finance
- monetary policy
- public sector debt
- public–private partnerships (PPPs)
- quantitative easing