This study revisits and tests empirically the Portfolio Theory of Inflation (PTI), which analyzes how the effectiveness … (Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily … and policies aimed to stimulate output growth dissipate into domestic currency depreciation and higher inflation, with …

Gone are the days when inflation fears had receded under years of 'Great Moderation' in macroeconomics. The US subprime … world brought about a new order characterized by higher inflation volatility, severe commodity price shocks and uncertainty … over sovereign bond creditworthiness to name just a few. All of which tend to put in jeopardy both conventional inflation …