Purpose – The purpose of this paper is to examine the long-term relationship between the rate of inflation and the returns of real estate and financial assets traded in New Zealand markets. Design/methodology/approach – The question of whether these assets are good candidates to hedge...

Purpose – The purpose of this paper is to examine the long‐term relationship between the rate of inflation and the returns of real estate and financial assets traded in New Zealand markets. Design/methodology/approach – The question of whether these assets are good candidates to hedge...