Übersetzung für "Vermögenseffekt" in Englisch

Factors underlying this demand response are, for example, the wealth effect in the consumption function.

Via the wealth effect this is also likely to put a damper on consumption.

In terms of transmission, the Fed has focused on the so-called wealth effect.

These days it has become too difficult for Central Bankers to produce much more of a wealth effect.

These include : an income or wealth effect , operating through a contraction of domestic demand in Asia as a result of falling share prices and exchange rates and a tighter monetary and fiscal policy ( but also influenced by effects resulting from a higher debt-service burden in US dollars , the cutting of credit lines , capital outflows and higher interest rates ) ;

Negative interest rates hurt banks’ balance sheets, with the “wealth effect” on banks overwhelming the small increase in incentives to lend.

The operative view in central-banking circles has been that the so-called “wealth effect” – when asset appreciation spurs real economic activity – would square the circle for a lagging post-crisis recovery.

The US economy’s distinctive features for at least a decade prior to the crisis that began in 2008 were an unsustainably high level of consumption, owing to an illusory wealth effect, under-investment (including in the public sector), and savings that fell short of the investment deficiency.

Although lower house prices will make new homes more affordable, the stock of occupied homes will far exceed new purchases in the near term, so the negative-wealth effect will overwhelm the gains.

In doing so, the Fed is relying on the “wealth effect” – brought about largely by increasing equity and home prices – as its principal transmission mechanism for stabilization policy.

The first effect (a proxy for the real wealth effect) is missing from the Quest model for the Netherlands, while for Ireland the unemployment effect is mitigated via migration.

Alongside the gains in competitiveness recorded between 1988 and 1990, two other factors may help to account for this development, viz. the improvement in Japan's relative position in terms of productive capacities and the wealth effect mentioned above, which led to a fall in imports of luxury goods.

This slowdown can be explained by the diminution in the wealth effect brought about by a restrictive monetary policy aimed at reducing what was deemed to be the excessive value of financial and immovable assets in Japan.

But intuitively both the direct impact on wage demands of workers who see house prices going up, and the wealth effect on the consumption of those who see their biggest asset surging in value should be significant.

The above effects and especially the wealth effect are seen as proof by its supporters that QE has worked via higher asset prices and this chart is often used as evidence of the correlation between the two.

Richard Fisher, former head of the Dallas branch of the Federal Reserve Board crime syndicate, admitted that “What The Fed did, and I was part of it, was front-load an enormous rally market rally in order to create a wealth effect…” and added “The Fed is a giant weapon that has no ammunition left.”

The founding fathers knew that paper money corrupts, as it creates a wealth effect that destroys the nation.

An economic recovery plan which works through the wealth effect - such as the European Central Bank's bond-buying programme - favours the wealthy first and foremost. [less]

As household exposure to local equities is very low, we believe there would not be a profound wealth effect even if we saw a market crash in China.

At the same time that the trickling down of the wealth effect occurs, spending continues to diminish, which will accelerate exponentially.

At the end of the day, however, the conservative attitude displayed by German savers is no more than an exacerbating factor in a more underlying problem: an economic recovery plan which works through the wealth effect favours the wealthy first and foremost.