Gold as an inflation hedge

By D. Ghosh, E. Levin, Peter Macmillan, Robert E. Wright. 2004

299 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/db975f1edaec9825a444a59f6c87f3593460e65e

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

Return and volatility transmission between gold and stock sectors: Application of portfolio management and hedging effectiveness (2014, background): “Ghosh et al. (2004) examine the significance of gold as a hedge against political uncertainty, inflation, and currency risks.”
Are gold and silver a hedge against inflation? A two century perspective (2015, background): “Garner (1995), Mahdani and Zhou (1997) and Tully and Lucey (2007) have documented an insignificant LR relationship between gold price and CPI, while Gosh et al. (2004) and Worthington and Pahlavani (2007) assert a significant positive relationship in the US.3 On the other hand, the empirical…”
Gold as an Infl ation Hedge in a Time-Varying Coefficient Framework (2012, unknown): “In this vein, many previous studies have focused on the inflation hedging ability of gold by partly applying conventional cointegration frameworks (Kolluri, 1981; Moore, 1990; Laurent, 1994; Chappell and Dowd, 1997; Mahdavi and Zhou, 1997; Harmston, 1998; Ghosh et al., 2004; Levin and Wright, 2006).”
Volatility spillovers and cross-hedging between gold, oil and equities: Evidence from the Gulf Cooperation Council countries (2017, unknown): “Gold, being a precious metal, is a store of value, therefore serving as a hedge against inflation (Jastram, 1977; Jaffe, 1989; Ghosh et al., 2004).”
Gold investment as an inflationary hedge: cointegration evidence with allowance for endogenous structural breaks (2007, unknown): “However, empirical evidence of a stable long-run relationship has been mixed, with Mahdavi and Zhou (1997: 477) summarising the early literature as follows: “These studies yielded somewhat mixed results regarding the degree of integration of the CPI and the existence of a cointegrating relationship,”