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Re investigating the anomalous relationship between inflation and equity REIT returns: A regime switching approach

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Figure

Table 1. Weights of the 38 product categories used for the computation of relative price
Table 2.  Statistical summary of the time series of real estate investment trust returns (REIT), relative price variability (RPV), industrial production growth (IIPG), and inflation (INF),  in the USA during 1990:M01-2013:M12
Figure 1. Time series plots of real estate investment trust returns (REITR), relative price
Table 4 .  Estimated coefficients of the TVAR(2) model for the USA
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