单词 | wealth effect |
释义 | > as lemmaswealth effect wealth effect n. originally and chiefly U.S. the tendency of a person to spend increasing amounts of money as a result of his or her increase in personal wealth or perception that the economy at large is thriving. ΚΠ 1948 A. P. Lerner in L. A. Metzler et al. Income, Employment & Public Policy iii. ii. 269 As the amount of money in the hands of the public increases, the public feels itself wealthier... This is part of the ‘wealth effect’. It diminishes the tendency to save, and to work for the sake of saving, and increases demand while it diminishes supply. 1971 N.Y. Times 23 June 63/4 The monetarists were highly skeptical of the wealth effect. Prof. George D. Green..produced a paper to show that the stock market boom and crash of 1929 had had slight effects upon the economy. 2000 G. Soros Open Society iii. 71 The wealth effect of the stock market bubble favored a strong Christmas. < as lemmas |
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