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cannot be measured accurately, and (ii) Valuable long-run information can be captured by using prices rather than using returns, since differencing house prices and non-housing CPI lead to a loss of long-run information contained in the series, Moreover, unlike previous studies, to avoid potential bias in estimating how inflation affects housing prices, we exclude housing costs from our measure of the consumer price index of goods and services.
Uploaded by: Okenna Gerrard
In the Context of the File,
I introduced "The impact of inflation on the value of assets is considered one of the primary financial concerns of long term investors"
I stated the research questions and the Statement of the problem
The scope of the Study was clarified and then comes the Aims and Objectives of the study.