实际上价高资产价格的财富效应有助于提高消费。
Indeed, the wealth effects of higher asset prices will help lift spending.
这种感觉抑制了消费开支，与经济繁荣时的财富效应刚好相反。
This feeling has, in a reversal of the boom's wealth effect, curbed consumer spending.
财政刺激措施和高资产价格带来的财富效应只是提振国内消费的治标之策。
Fiscal stimulus and the wealth effect of rising asset prices can provide only a temporary prop to domestic spending.
的确，只有不断提高资产价格水平，它的财富效应才能起到辅助刺激消费的作用。
Indeed, the wealth effects of higher asset prices will help lift spending. Ample liquidity is therefore likely to continue to stoke asset prices.
不过最近的研究表明，至少美国的房产财富效应对消费的影响要远大于金融资产的影响，而且效用还在增强。
However, the latest research suggests that, in America at least, housing wealth has a bigger influence on consumption than financial assets, and the effect is increasing.
巴克莱资本的迪安·马基认为财富流失不会立即产生效应，而是会在未来数年内对消费支出造成持续影响。
Dean Maki of Barclays Capital says that falling wealth tends to affect consumer spending over many years rather than right away.
反过来，房地产价格的上涨又拉动了消费物价上涨，这就是经济学家所说的“房地产财富效应”。
Conversely, rising real estate prices feed into consumer inflation through what economists call “real wealth effect.”
房价的上升依然能够促进消费，即使是它是通过取消信用限制，而不是通过财富效应带来的。
Any rise in home prices could still increase consumption, even if it does so by removing credit constraints rather than through the wealth effect.
当货币进入资产市场进行投机，许多人相信这会通过财富效应而引起一轮消费热。
As money flows into speculation in asset markets, many believe that it will lead to spending boom through the wealth effect.
随着今后美国房价下跌的负财富效应的显现，开始成为消费者支出的沉重包袱后，明年才是真正考验各国经济增长后劲的关键时期。
The real test of the rest of the world's stamina will come over the next year, as the negative wealth effects of falling home prices start to weigh on American consumer spending.
二十年前人们还认为不存在房产财富效应，后来虽然有研究发现了房产价值变动对消费支出的影响，但比股价变动而产生的影响要小得多。
Two decades ago, it was considered to be non-existent. Then studies found that changes in property values did affect spending, but by less than changes in share prices did.
而高房价也同时通过财富效应而间接发挥作用，随着资产增加，消费者花销也会增加。
They also have an indirect impact via the wealth effect, as consumers increase their spending in response to improvement in their balance-sheets (see article).
高端消费，如汽车、黄金、珠宝、时尚饰品和旅游等，将从牛市的财富效应中受益最多。
High - end consumption, such as auto, gold and jewelry, fashion apparels and travel will likely benefit the most from the wealth effect.
这种效应程度的确切大小取决于刚谈到的能量效率的高低与那些消费能量的人的财富水平。
The precise size of the effect depends on both the good in question and the wealth of those consuming it.
实证研究的结果表明，我国股票市场还不具有财富效应，影响居民消费的主要因素仍然是可支配收入和消费习惯。
The empirical results show that Chinese stock market has no wealth effect yet and payable income and habit are still the main factors affecting consumers' consumption.
股市财富效应所揭示的是股市与消费支出之间的相互关系。
Stock market wealth effect reveals the interrelationship between the stock market and consumption.
无论从长期还是短期分析，我国股票市场的变动都会给居民消费带来财富效应。
Whether long or short-term analysis of changes, stock market will bring to the consumer wealth effect in China.
伯南克赌资产价格上升的财富效应，将创造出更多的借贷和消费，使经济复苏持续下去。
Bernanke is betting the wealth effect of rising assets prices will lead to increased borrowing and consumption and the economic recovery will continue.
研究股市财富效应旨在揭示股票财富发生变动对居民消费支出带来的影响。
Researching wealth effect of stock market wealth to reveal a change in the stock to the impact of consumer spending.
着重论述了教育消费集以及相应的一些性质，并推导出财富效应和价格效应的矩阵表示。
Emphasized to discuss the education to consume to gather and homologous some properties, and deduce the matrix of a wealth effect and the price effect to mean.
同时，消费需求与物价水平的“双棘轮效应”促使实际消费需求稳步增长，“财富效应”强化了消费需求增长趋势。
In the meantime, the "dual ratchet effect" of consumer demand and price level triggers stable rise in real consumer demand, and the "wealth effect" strengthens the trend.
首先从理论上阐明了股市财富效应形成的机理以及股市财富效应影响消费的条件。
This thesis tries to inquire the mechanism and the condition of wealth effect of stock market.
定量分析发现：首先，整体而言，我国股市不存在财富效应，股市对我国居民消费是一种替代效应。
Firstly, quantitative analysis discovery that there is no stock market wealth effect in China, stock market has a replacement effect to consumption.
我国居民股票资产财富效应表现微弱，不利于财产性收入上升带来的居民消费增长。
The wealth effect of Chinese residents' stock assets is relatively slight, which is not conducive to the consumption growth brought by rising property incomes.
[摘要]理论表明，房地产市场通过财富效应机制影响居民消费。
Abstract: Theory suggests that real estate market can affect consumers through wealth effect mechanisms.
[摘要]理论表明，房地产市场通过财富效应机制影响居民消费。
Abstract: Theory suggests that real estate market can affect consumers through wealth effect mechanisms.
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