and liquidity. However, this analysis is normally undertaken in nominal terms and thus the risk of inflation, as it … affects different investments, is not fully quantified. This paper seeks to analyse the effect of inflation on property … investments. Design/methodology/approach – This article examines the impact of inflation on gilt returns and relates this to …

effective hedge against inflation. To do so it aims to investigate open‐end real estate funds, special funds and real estate … evidence that real estate returns are almost independent from inflation in the short run. None of the investigated investment … vehicles provide a hedge against expected and unexpected inflation at different lags. In contrast, cointegration tests show …

markets have low liquidity). The resulting two yield curves are used for derivation of market expected inflation rate …. Research limitations/implications – The main problems are low liquidity of some bonds and imperfect linkage to inflation in the …

(exchange rates, interest rates, exports, imports, foreign reserves and the rate of inflation) and sovereign credit default swap … significantly and negatively, whereas imports and the rate of inflation are positively related to SCDS spreads. Yet, the results … the short-run relationship indicate that the exchange rate, imports and the rate of inflation are positively, whereas the …