Translation of "Wealth effect" in German

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.

This is the so-called “wealth effect” that the central banks are banking on.

It is based on a 'wealth effect' of consumers borrowing against the rising price of their homes.

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.

The idea is that price action will trigger both the “wealth effect” and “animal spirits,” thus inducing consumers to spend more and companies to invest in future capacity.

After all, the wealth effect works only when people believe that the wealth is permanent.

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.

Moreover, credit growth has accelerated and asset prices have risen – trends that will encourage consumption by triggering the wealth effect (when people spend more because they feel richer).

The first reviews theoretical and empirical evidence on the effect of housing wealth on consumption , showing that the housing wealth effect is relatively limited in the euro area compared with the United States and the United Kingdom .

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.