Publication
Title
The inflation-hedging ability of real estate evidence in Thailand : 1987-2011
Author
Abstract
This study examines whether real estate in Thailand can hedge against ex post and ex ante inflation during the 1987-2011. To achieve this, we follow the Fama and Schwert (1977)s framework. The study finds that real estate returns have positive relation with both ex post and unexpected inflation over the period, even though the statistical evidence does not strongly support this. Furthermore, after separating the time series into sub-periods to control for the possible structural changes in the economy, we find that the relationship between inflation and real estate returns change under various economic environments.
Language
English
Source (journal)
Procedia Economics and Finance
Publication
2013
ISSN
2212-5671
Volume/pages
5(2013), p. 40-49
ISI
000343803500004
Full text (Publisher's DOI)
Full text (open access)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 24.09.2013
Last edited 10.06.2017
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