Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The inflation‐hedging characteristics of UK property

The inflation‐hedging characteristics of UK property Presents results of an investigation of the inflation‐hedging characteristics of UK property. Evaluates the various methods of decomposing inflation into its “expected” and “unexpected” components, using new time series data on inflation expectations produced by a questionnaire survey of informed market participants. Utilizes the power and suitability of causality and cointegration analysis to examine the relationship between inflation and property returns. Analyses the sensitivity of the results about the hedging capabilities of property to the removal valuation induced “smoothing” from property returns. Concludes that property is best seen as offering hedging characteristics that are only revealed in the long run. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Finance Emerald Publishing

The inflation‐hedging characteristics of UK property

Journal of Property Finance , Volume 7 (1): 15 – Mar 1, 1996

Loading next page...
 
/lp/emerald-publishing/the-inflation-hedging-characteristics-of-uk-property-yfVZB53roh

References (29)

Publisher
Emerald Publishing
Copyright
Copyright © 1996 MCB UP Ltd. All rights reserved.
ISSN
0958-868X
DOI
10.1108/09588689610111629
Publisher site
See Article on Publisher Site

Abstract

Presents results of an investigation of the inflation‐hedging characteristics of UK property. Evaluates the various methods of decomposing inflation into its “expected” and “unexpected” components, using new time series data on inflation expectations produced by a questionnaire survey of informed market participants. Utilizes the power and suitability of causality and cointegration analysis to examine the relationship between inflation and property returns. Analyses the sensitivity of the results about the hedging capabilities of property to the removal valuation induced “smoothing” from property returns. Concludes that property is best seen as offering hedging characteristics that are only revealed in the long run.

Journal

Journal of Property FinanceEmerald Publishing

Published: Mar 1, 1996

Keywords: Hedging; Inflation; Property; Questionnaires; UK

There are no references for this article.