Basse, Tobias - In: International Journal of Economics and Business Research 4 (2012) 3, pp. 284-296
Examining US data, this study uses techniques of cointegration analysis to test whether real estate investment trusts (REITs) are a useful hedge against inflation. Johansen tests seem to indicate that REITs are cointegrated with the general price level. This is true for a broad REIT index as...