房地产资产是否比金融资产更能对冲通胀?一些新西兰的证据

Ting Ting Zhou, Abeyratna Gunasekarage, David M. Power
{"title":"房地产资产是否比金融资产更能对冲通胀?一些新西兰的证据","authors":"Ting Ting Zhou,&nbsp;Abeyratna Gunasekarage,&nbsp;David M. Power","doi":"10.1002/bref.155","DOIUrl":null,"url":null,"abstract":"<p>This study examined the effectiveness of real estate assets in hedging inflation; financial assets are also analysed for the purpose of comparison. The real estate assets classes examined include residential, commercial, industrial and farm buildings, whereas the financial assets classes include stocks, short-term government bonds and long-term government bonds. The rate of inflation is proxied by the change in consumer price index. The findings revealed that all four types of real estate assets provide a partial hedge against actual inflation. However, their financial counterparts failed to provide any hedge against inflation. Copyright © 2005 John Wiley &amp; Sons, Ltd.</p>","PeriodicalId":100200,"journal":{"name":"Briefings in Real Estate Finance","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2007-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1002/bref.155","citationCount":"12","resultStr":"{\"title\":\"Do real estate assets hedge inflation better than financial assets? Some New Zealand evidence\",\"authors\":\"Ting Ting Zhou,&nbsp;Abeyratna Gunasekarage,&nbsp;David M. Power\",\"doi\":\"10.1002/bref.155\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<p>This study examined the effectiveness of real estate assets in hedging inflation; financial assets are also analysed for the purpose of comparison. The real estate assets classes examined include residential, commercial, industrial and farm buildings, whereas the financial assets classes include stocks, short-term government bonds and long-term government bonds. The rate of inflation is proxied by the change in consumer price index. The findings revealed that all four types of real estate assets provide a partial hedge against actual inflation. However, their financial counterparts failed to provide any hedge against inflation. Copyright © 2005 John Wiley &amp; Sons, Ltd.</p>\",\"PeriodicalId\":100200,\"journal\":{\"name\":\"Briefings in Real Estate Finance\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2007-03-29\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"https://sci-hub-pdf.com/10.1002/bref.155\",\"citationCount\":\"12\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Briefings in Real Estate Finance\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://onlinelibrary.wiley.com/doi/10.1002/bref.155\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Briefings in Real Estate Finance","FirstCategoryId":"1085","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/bref.155","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 12

摘要

本研究考察了房地产资产对冲通胀的有效性;为了进行比较,还对金融资产进行了分析。研究的房地产资产类别包括住宅、商业、工业和农场建筑,而金融资产类别包括股票、短期政府债券和长期政府债券。通货膨胀率由消费者价格指数的变化来表示。研究结果显示,所有四种类型的房地产资产都能部分对冲实际通胀。然而,他们的金融同行未能提供任何对冲通胀的措施。版权所有©2005 John Wiley &儿子,有限公司
本文章由计算机程序翻译,如有差异,请以英文原文为准。
查看原文
分享 分享
微信好友 朋友圈 QQ好友 复制链接
本刊更多论文
Do real estate assets hedge inflation better than financial assets? Some New Zealand evidence

This study examined the effectiveness of real estate assets in hedging inflation; financial assets are also analysed for the purpose of comparison. The real estate assets classes examined include residential, commercial, industrial and farm buildings, whereas the financial assets classes include stocks, short-term government bonds and long-term government bonds. The rate of inflation is proxied by the change in consumer price index. The findings revealed that all four types of real estate assets provide a partial hedge against actual inflation. However, their financial counterparts failed to provide any hedge against inflation. Copyright © 2005 John Wiley & Sons, Ltd.

求助全文
通过发布文献求助,成功后即可免费获取论文全文。 去求助
来源期刊
自引率
0.00%
发文量
0
期刊最新文献
Advances in quantifying risk in commercial real estate lending Leverage in real estate investments: an optimization approach Holding period effect and home price indexes: a dynamic analysis Top 10 securitizable loan negotiations† Real estate loan delinquency, property prices and alternative income opportunities
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
0
微信
客服QQ
Book学术公众号 扫码关注我们
反馈
×
意见反馈
请填写您的意见或建议
请填写您的手机或邮箱
已复制链接
已复制链接
快去分享给好友吧!
我知道了
×
扫码分享
扫码分享
Book学术官方微信
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术
文献互助 智能选刊 最新文献 互助须知 联系我们:info@booksci.cn
Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。
Copyright © 2023 Book学术 All rights reserved.
ghs 京公网安备 11010802042870号 京ICP备2023020795号-1