Publication:
The Portfolio Theory of Inflation and Policy (In)Effectiveness: A Revisitation (Published online: 14 Sep 2021)

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dc.contributor.authorBossone, Biagio
dc.date.accessioned2023-08-11T19:18:02Z
dc.date.available2023-08-11T19:18:02Z
dc.date.issued2023-08-11
dc.description.abstractThis 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 choice process of global investors and how global investor choices shape the space available to country policy making, determining the extent to which the effect of macro-policies dissipates into exchange rate depreciation and higher inflation.en
dc.identifier.citationMacroeconomics and Finance in Emerging Market Economies
dc.identifier.doi10.1596/40182
dc.identifier.issn1752-0843 (print)
dc.identifier.issn1752-0851 (online)
dc.identifier.urihttps://openknowledge.worldbank.org/handle/10986/40182
dc.language.isoen_US
dc.publisherTaylor and Francis
dc.rightsCC BY-NC-ND 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/igo
dc.subjectCREDIBILITY
dc.subjectGLOBAL INVESTORS
dc.subjectPOLICY SPACE
dc.titleThe Portfolio Theory of Inflation and Policy (In)Effectivenessen
dc.title.subtitleA Revisitation (Published online: 14 Sep 2021)en
dc.typeJournal Article
dspace.entity.typePublication
okr.associatedcontenthttps://www.tandfonline.com/doi/full/10.1080/17520843.2021.1974508 Journal website (version of record)
okr.crossref.titleThe Portfolio Theory of Inflation and Policy (In)Effectiveness: A Revisitation (Published online: 14 Sep 2021)
okr.date.disclosure2023-08-11
okr.doctypePublications & Research::Journal Article
okr.externalcontentExternal Content
okr.guid099203510162341426
okr.identifier.doi10.1080/17520843.2021.1974508
okr.identifier.doihttp://dx.doi.org/10.1596/40182
okr.identifier.report185263
okr.language.supporteden
okr.pagenumber203-221
okr.peerreviewAcademic Peer Review
okr.region.geographicalWorld
okr.topicFinance and Financial Sector Development::Finance and Development
okr.topicMacroeconomics and Economic Growth::Inflation
okr.topicMacroeconomics and Economic Growth::Economic Investment & Savings
okr.volume16 (2)
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