TY  - JOUR
A1  - Maurer, Raimond
A1  - Sebastian, Steffen P.
T1  - Inflation risk analysis of European real estate securities
T2  - Journal of Real Estate Research
N2  - The focus of this article is the analysis of the inflation risk of European real estate securities. Following both a causal and a final understanding of risk, the analysis is twofold. First, to examine the causal influence of inflation on short- and long-term asset returns, different regression approaches are employed based on the methodology of Fama and Schwert (1977). Hedging capacities against expected inflation are found only for German open-end funds. Secondly, different shortfall risk measures are used to study whether an investment in European real estate securities protects against a negative real return at the end of a given investment period.
Y1  - 2002
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/3624
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-18524
VL  - 24
IS  - 1
SP  - 47
EP  - 77
ER  -