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.
从经验上看，经济学家们一直以来都难以说清楚房产财富效应。
Empirically, economists have long had trouble pinning down the wealth effect from housing.
当财富效应小于替代效应时，股价与通货膨胀负相关。
When the wealth effect is smaller than the substitution effect, the stock price negatively correlated with inflation.
股市财富效应在欧美等证券化程度较高的国家确实存在。
The wealth effect of stock market does exist in some western countries with high degree on securities.
财富效应背后的理论运行如下：房产是人们持有其财富的主要资产。
The theory behind the wealth effect runs as follows. Housing is one of the main assets in which people hold their wealth.
挤出效应抑制了财富效应的发挥，并且间接引发股市泡沫。
Force out an effect having restrained wealth the effect bringing into play, indirect initiation stock market foam and.
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.
随着美国，英国，爱尔兰和西班牙的房价下跌，财富效应开始呈现。
As house prices fall in America, Britain, Ireland and Spain, the wealth effect kicks in.
股市可以形成一定的虚拟财富效应，对刺激有效需求能产生正效应。
Stock market can form a certain subjunctive fortune effect, and it can stimulate the positive effect on the effective demand.
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.
但最近的一些研究提出房地产市场的“财富效应”最终可能比上述的两倍还要多。
But some recent studies suggest the "wealth effect" from housing may eventually be more than double that.
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.
通过建立ECM模型，研究了中国居民证券资产和住房资产的财富效应。
In this paper we studied the wealth effects of the households' stock assets and housing assets in china through ECM model.
本文通过建立股份回购模型，来系统研究上市公司股份回购的财富效应。
This article researches systematically the wealth effect of listing companies redeeming their stocks, by establishing the model of redeeming stocks.
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).
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.
短期财富效应是指证券市场各因素引起股价发生波动而给股东带来的额外收益。
Short term wealth effect is the extra profit brought about by stock prices fluctuation triggered by various security market factors.
在公司并购理论中讨论最多、争论最激烈的问题之一就是公司并购的财富效应。
One of the most discussed and argued problems in annexation Theory is the Wealth Effect of enterprises annexation.
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.
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.
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.
我国股市虽然建市时间不长，但讨论我国股市财富效应的问题也有非常重要的意义。
We have created our stock market no longer before, but it is also important to know how about our stock market wealth effect.
研究发现，从短期看住房资产的财富效应为负，从长期看住房资产的财富效应为正。
We discovered that the wealth effects of housing assets is negative and feeble in the short term, whereas positive in the long run.
第二部分以美国为例研究了股市财富正效应，并指出了美国股市财富效应的双重性；
The second part studies the positive fortune effect and shows the dualism of America fortune effect of stock market.
第二部分以美国为例研究了股市财富正效应，并指出了美国股市财富效应的双重性；
The second part studies the positive fortune effect and shows the dualism of America fortune effect of stock market.
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