Long-term Inflation Hedging Capabilities across Asset Classes

Pin-Te Lin and Yu-Lieh Huang

ERES from European Real Estate Society (ERES)

Abstract: This study examines the inflation-hedging benefits across various asset classes—stocks, housing, bonds, and bills—over the long term, from 1870 to 2020, in the US markets. Specifically, it compares and contrasts the hedging benefits of each asset class against both expected and unexpected inflation. Historical explorations of the inflation-hedging properties across asset classes can have implications for portfolio management.

Keywords: Expected inflation; Inflation Hedging; Unexpected inflation (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2025-01-01
New Economics Papers: this item is included in nep-mon and nep-rmg
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Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2025_235

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