Purpose – The purpose of this research is to explain the cross-sectional variation in the relation between international security returns and expected inflation based on their sensitivities to world stock and bond factors. Design/methodology/approach – The paper shows regress inflation...

Purpose – The purpose of this research is to explain the cross‐sectional variation in the relation between international security returns and expected inflation based on their sensitivities to world stock and bond factors. Design/methodology/approach – The paper shows regress inflation...