Hoesli, Martin; Lizieri, Colin; MacGregor, Bryan - Henley Business School, University of Reading - 2006
economy, which influence both inflation and asset returns. It has been argued that real estate should provide a better hedge …: however, empirical results have been mixed. This paper explores the relationship between commercial real estate returns (from … anticipated inflation but not to inflation shocks. Adjustment processes are, however, gradual and not within period. Real estate …