perception biases -- A. Asymmetry of information -- B. Perception Biases -- IV. A principal-agent approach to PPPs -- V. PPP …

Public-private partnerships (PPPs) involve the supply by the private sector of infrastructure and services deriving … from infrastructure assets which have traditionally been supplied by the public sector. PPPs are spreading all over the …

maintaining infrastructure networks. Over the past decade, developed and developing countries have looked to fiscal rules … instruments to raise additional finance for infrastructure investment. This paper looks at the range of options for raising the … financing to meet Tanzania's infrastructure needs. It begins with a brief survey of the evidence on the relationship bet …

, will have negative effects on welfare. This paper studies the welfare effects of varying levels of transparency in a model …

accumulate a buffer of liquid assets, or strengthen transparency to communicate solvency. While a liquidity buffer provides … complete insurance against small shocks, transparency covers also large shocks but imperfectly. Due to leverage, an unregulated … bank may choose insufficient liquidity buffers and transparency. The regulatory response is constained: while liquidity …

In this paper, we analyze how lack of credibility and transparency of monetary and fiscal policies undermines the … credible and lack transparency. If policies are imperfectly credible, then transparency helps private agents to learn the …-country evidence that monetary policy transparency and fiscal credibility reduce the incidence of export price volatility on output …