the asset' wealth effect 资产的财富效应
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。
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