Comparative Analysis of Real Estate and Stock Markets as Inflation Hedges: Insights from East Asia and the US
學年 114
學期 1
出版（發表）日期 2025-08-03
作品名稱 Comparative Analysis of Real Estate and Stock Markets as Inflation Hedges: Insights from East Asia and the US
作品名稱（其他語言）
著者 Li Wei, Wan-Hsiu Cheng, Wen-Yi Lee, Ting-Hsuan Tsai
單位
出版者
著錄名稱、卷期、頁數 forthcoming
摘要 This study examines how real estate and stock markets can protect against inflation in East Asian countries compared to the United States. The study finds that stocks have a stronger relationship with inflation than housing in East Asian countries. In Hong Kong and Singapore, stock markets are influenced by unexpected sentiment, while in South Korea and Taiwan, they are aligned with expected inflation. In the real estate market, there is a long-term connection between housing prices and inflation in the United States, Hong Kong, and Singapore, but it is weak in the short term. However, the study finds that there is no clear link in Taiwan. This study emphasizes the importance of understanding the relationships between financial assets, especially as central banks address inflation and financial markets differently based on each country’s context. Investors in East Asia should be aware of these dynamics when managing inflation risks.
關鍵字 Real Estate, Stocks, Inflation, Expected and Unexpected Inflation
語言 en
ISSN
期刊性質 國外
收錄於 ESCI EconLit Scopus
產學合作
通訊作者 Wan-Haiu Cheng
審稿制度 1
國別 IND
公開徵稿
出版型式 ,電子版
SDGS 優質教育