... inflation‐hedging characteristics of UK commercial property. The extent of inflation hedging is important from a number of perspectives. Where real purchasing power is to be maintained or where liabilities are linked to the inflation rate, such as inflation linked pension entitlements, a suitable investment...

...R.J. Barkham; C.W.R. Ward; O.T. Henry 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...

...David Miles Reviews the evidence on the inflation‐hedging characteristics of UK commercial property as an asset class. That evidence suggests that commercial property is a very imperfect hedge against unanticipated inflation. Furthermore, the returns have been substantially lower than on equities...

... MCB UP Limited 1996 Cointegration Commercial property Hedging Inflation UK Traditionally, commercial property has been perceived by investors as a hedge against inflation. The purpose of any hedge is to offset or nullify risk. Therefore, an asset which is an inflation hedge would...

...‐linked gilts appear to be a good hedge against inflation. Applies traditional regression‐based inflation hedging tests to UK index‐linked gilts. The tests suggest that index‐linked gilts are not a hedge against inflation. There is an anomaly. The anomaly is resolved through explicitly defining a hedge...