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주택의 인플레이션 헤징효과

Housing Price and Inflation: A Test of Fisher Effect

최희갑|임병준
한국부동산분석학회 (Korea Real Estate Analysts Association(Kreaa))|2009.12|부동산학연구 (Journal of the Korea Real Estate Analysts Association)|제15권 제3호|pp. 51-69

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참고문헌

키워드

부동산주택가격Real EstateHousing price인플레이션 헤지피셔가설Inflation HedgingFisher Hypothesis
주제분류경제학

초록

Abstract

It has been argued that real estate should provide a better hedge: however, empirical results have been mixed, with real estates often appearing to offer a perverse hedge against inflation. This paper explores the relationship between real or nominal housing returns and inflation in Korea using the quarterly data over the period 1992Q4~2008Q4.1992Q4~200 is divided into expdeded and unexpdeded comp00ents using two es~2m4~200 tdeh0iques. The results do not provide little evidenee to supp0rt the hedging hypothesis. Rather the housing asset seems to work as a perverse hedge.

참고문헌 (25)

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관련 논문AI추천

An Investigation of the Inflation-Hedging Ability of Housing and Stock Returns in Korea심성훈, 최종일한국주택학회 · 주택연구2002 · 제10권 제1호주택가격의 인플레이션 헷지(hedge) 효과의 지수 간 비교분석심성훈한국지역사회학회 · 지역사회연구2015 · 제23권 제4호주택가격과 물가의 동학: 한국의 경험이영수한국부동산분석학회 · 부동산학연구2012 · 제18권 제4호주택시장구조 변화에 대한 실증 분석장용동한국주거환경학회 · 주거환경2009 · 제7권 제2호인플레이션 및 아파트 매매·전세 가격 변동 경험이 주택 소유 여부에 미친 영향이강용, 이은석, 정준호한국주거환경학회 · 주거환경2025 · 제23권 제4호주택시장에서 기초경제여건의 영향력에 관한 연구 : 구조변화를 고려하며심성훈, 장병기국토연구원 · 국토연구2004 · 제41권

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