Has the stock market crash reduced consumer spending
研究了1987年10月股市崩盘对消费者支出的影响，发现其影响较小，与股市对消费影响有限的实证研究一致。
Some forecasters expected that the October 1987 stock market collapse would seriously lower GNP growth by curtailing consumer spending. After declining in October, however, consumer spending has grown moderately. This relatively small effect is consistent with empirical studies showing that the stock market has only a modest impact on consumer spending.