Ang, Andrew; Brière, Marie; Signori, Ombretta - National Bureau of Economic Research (NBER) - 2012
We study the inflation hedging ability of individual stocks. While the poor inflation hedging ability of the aggregate … inflation. Stocks with good inflation-hedging abilities since 1990 have had higher returns, on average, than stocks with low … inflation betas and tend to be drawn from the Oil and Gas and Technology sectors. However, we show that there is substantial …