Hartzell, David; Hekman, John S.; Miles, Mike E. - In: Real Estate Economics 15 (1987) 1, pp. 617-637
The ability of assets to protect an investor from purchasing power risk due to inflation has received a good deal of attention in the literature recently. The focus of much of this research has been on the properties of common stocks as inflation hedges. Bodie [1976] finds that the real return...