负财富效应

其中，挤出效应、负财富效应以及融资危机效应对实体经济是严重不利的；

Among them , Crowding out Effect , Negative Wealth Effect and Financing Crisisdamage real economy seriously ;

股票市场下跌造成的负财富效应以及加剧的通胀挤出了对可选消费品的需求，消费前景并不乐观。

With the negative wealth effects from a falling equity market and the rising inflation squeezing out the demand for discretionary items , the outlook for consumption is not optimistic .

其次，阶段性而言，我国股市存在正负财富效应，并且负财富效应大于正财富效应，即股市财富效应存在非对称性。

Secondly , in terms of stage , there is an existence of positive and negative wealth effect , besides , negative wealth effect is greater than the positive effect , that is to say , the wealth effect of the non-symmetry .

住宅商品房的价格具有负的财富效应。

Residential real estate assets have a negative wealth effect .