The conduction of the monetary policy adopts the form of the wealth effect by stock market , will be advantageous to the monetary policy effect exertive 货币政策的传导以股票市场为依托,采取财富效应的形式,会有利于货币政策效应的发挥。
Capital gains from property investment inflated business and individual earnings , and the wealth effect stimulated domestic demand and encouraged the bubble economy 而资产价格上升所引发的财富效应亦刺激内部消费，诱发泡沫经济的形成。
The rejuvenated property market driven by rising household income and falling interest rates should create the wealth effects and drive consumption 重获新生的房地产市场受到家庭收入增长和利率持续下降的推动，这会创造财富效应并拉动消费。
But whereas in america and britain it is now bigger than that of financial assets , in most other countries the wealth effect from share and bond portfolios is still greater 但鉴于美、英庞大的金融资产，其他大多数国家的股票和债券组合财富效应仍然较大。
The positive wealth effect boosted domestic demand , pushing up the costs of living and doing businesses . this seriously undermined hong kong s cost competitiveness 正财富效应刺激内部需求，令生活与营商成本不断上升。这严重削弱了本港经营成本的竞争能力。
If we add some important factors , such as exchange rate risk , inflation risk , and treasure effect into this model , the model can get further perfect 如果把一些其它较为重要的因素，如汇率风险、通胀风险、财富效应纳入“ trick ”模型，该模型就能得到进一步的完善。
The wealth effect in stock market means that the change of the stock market value will lead to the change of residents is expenditure while other conditions remain unchanged 股票市场财富效应是指股票市场价值的变化假设其他条件相同,将会在居民消费开支方面引起的变化。
And so weak corporate earnings will probably continue to cause market disappointment and put pressure on equity prices , with consequent adverse wealth effects on consumption 因此，相信市场会继续因为企业盈利欠佳而感到失望，使股价受压，最终对消费造成不利的财富效应。
Instead , fears of future salary cuts are affecting people s level of expenditure , reducing consumption and exerting downward pressures on the general level of prices 泡?经济与财富效应一起消失，市民忧虑未来减薪幅度，令私人消费大大减少。结果，整体价格有下调压力。
But whereas in america and britain it is now bigger than that of financial assets , in most other countries the wealth effect from share and bond portfolios is still greater 但只是英、美两国的房产财富比其金融资产影响更大，而其他大多数国家财富效应较大的仍是股票和债券组合。
