Publicação
An analysis of the inflation-hedging properties of four different asset classes
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | pt_PT |
| dc.contributor.advisor | Ottonello, Giorgio | |
| dc.contributor.author | Staubert, Pauline Tsambika | |
| dc.date.accessioned | 2024-04-24T11:53:25Z | |
| dc.date.available | 2024-04-24T11:53:25Z | |
| dc.date.issued | 2023-01-13 | |
| dc.date.submitted | 2022-12-16 | |
| dc.description.abstract | Rising inflation rates threaten the purchasing power of investors' assets. Therefore, finding ways to hedge this economic risk would be favorable. This thesis investigates the inflation hedging capabilities of four traditional asset classes with an analysis mainly based on the Fisher Hypothesis (1930). Its results show that the inflation hedging efficiency is heterogeneous across the considered assets. While REITs and the S&P 500 act as perverse inflation hedges in the short term, they show some hedging capability over a long period. Gold and the GSCI, however, are proven unsuitable to be declared as inflation hedges. | pt_PT |
| dc.identifier.tid | 203363540 | pt_PT |
| dc.identifier.uri | http://hdl.handle.net/10362/166578 | |
| dc.language.iso | eng | pt_PT |
| dc.relation | UID/ECO/00124/2013 | pt_PT |
| dc.subject | Inflation-hedging | pt_PT |
| dc.subject | Financial markets | pt_PT |
| dc.subject | Investing | pt_PT |
| dc.subject | Traditional asset classes | pt_PT |
| dc.title | An analysis of the inflation-hedging properties of four different asset classes | pt_PT |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | masterThesis | pt_PT |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economics | pt_PT |