This article revisits the Portfolio Theory of Inflation (PTI), with a view to further articulating its findings and implications. The article adds to the micro-foundations of the PTI, framing more rigorously the role of global investors as international allocators of capital resources, and providing richer analysis of their interaction with macroeconomic policies at country level. The article explores how country credibility enters the capital allocation...
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2023/08/11
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Journal Article
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185263
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1
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2023/10/16
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Disclosed
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The Portfolio Theory of Inflation and Policy (In) Effectiveness : A Revisitation
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Citation
Bossone,Biagio.
The Portfolio Theory of Inflation and Policy (In) Effectiveness : A Revisitation (English). Author Accepted Manuscripts Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099203510162341426