As money flows into speculation in asset markets, many believe that it will lead to spending boom 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。
Fiscal stimulus and the wealth effect of rising asset prices can provide only a temporary prop to domestic 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。
An alternative perspective is to look at the wealth effect of asset deflation.
另一种观点着眼于资产紧缩的财富效应。
Not surprisingly, the "wealth effect" (the extent to which a change in asset prices affects people's spending) is bigger in the indebted Anglo-Saxon economies than elsewhere.
毫不奇怪，盎格鲁-萨克逊经济体的“财富效应”(指资产价格变化对人们支出的影响程度)要比其他地方高得多。
Not surprisingly, the "wealth effect" (the extent to which a change in asset prices affects people's spending) is bigger in the indebted Anglo-Saxon economies than elsewhere.
毫不奇怪，盎格鲁-萨克逊经济体的“财富效应”(指资产价格变化对人们支出的影响程度)要比其他地方高得多。
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