Increased Credit Availability, Rising Asset Prices Help Boost Consumer Spending
研究了美国家庭债务减少、消费信贷恢复和资产价格回升如何共同提振消费支出，并指出尽管住房财富效应大幅减弱，这一趋势仍可能持续。
A combination of much less household debt, revived access to consumer credit and recovering asset prices have holstered U.S. consumer spending. This trend will likely continue despite an estimated 50 percent reduction since the mid-2000s of the housing wealth effect?an important amplifier during the boom years.