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。
In short term, the wealth effect of housing and stock market are not obvious.
就短期而言，全国房地产市场财富效应及股票市场财富效应均不显著。
The wealth effect created by the rally will play its part in reviving the economy.
股市反弹创造的财富效应能够助经济复苏以一臂之力。
The wealth effect of corporate diversification is a big puzzle.
多元化是企业财富效应中最令人迷惑的现象之一。
The wealth effect has a relationship to the stock of national debt.
但是，这一财富效应却是与国债存量相关的。
The wealth effect has a relationship to the stock of national debt.
但是，这一财富效应却是与国债存量相关的。
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