000			01418cab a2200253 4500
001			ABS54721
008			090401t1996 xxu||||| |||| 00| 0 eng d
035			_a(Sirsi) u11969
041			_aeng
100			_aBarkham, R.J.
245		4	_aThe inflation-hedging characteristics of UK property
260			_c1996
350			_a0
490			_aJournal of Property Finance _v7(1) 1996, 62-77(8)
520			_aPresents results of an investigation of the inflation-hedging characteristics of UK property. Evaluates the various methods of decomposing inflation into its `expected` and `unexpected` components, using new time series data on inflation expectations produced by a questionnaire survey of informed market participants. Utilizes the power and suitability of causality and cointegration analysis to examine the relationship between inflation and property returns. Analyses the sensitivity of the results about the hedging capabilities of property tot he removal of valuation induced `smoothing` from property returns. Concludes that propety is best seen as offering hedging characteristics that are only revealed in the long run. References. (Journal abstract)
650			_aPROPERTY-COMMERCIAL PROPERTY
650			_aHEDGING METHODS
650			_aINFLATION
690			_aPROPERTY-PROPERTY FINANCE AND INVESTMENT
700			_aWard, C.W.R.
700			_aHenry, O.T.
942			_n0
948			_c04/03/1997
999			_c7651 _d7651