Weighing the Wealth Effect

By Scott Hoyt, Brian Poi, Mark Zandi

December 2017

Credit Correlations, Economic Forecasts

In this webinar, Mark Zandi and the Moody's Analytics team discuss the impact of the wealth effect on economic expansion and quantify econometric estimates based on data from Visa and Equifax.

The "wealth effect" - the impact of changes in household wealth on consumer spending - has been instrumental to the economy's gains, with the American consumer powering the U.S. and global economies.

Forces such as surging stock and housing values are driving this, but stability will remain critical for continued growth.

Related Insights


Article Gauging CECL Cyclicality In this paper, we provide empirical support for the conclusion that the CECL standard will be less procyclical than the incurred loss standard. December 2018 Pdf Mark Zandi, Dr. Cristian deRitis
Article Pride and Protectionism: U.S. Trade Policy and Its Impact on Asia Crafting economically sound trade policy is easier said than done. October 2018 Pdf Mark Zandi, Steven Cochrane, Ryan Sweet
Webinar-on-Demand Moody's Analytics Webinar: No Brexit to No Deal The Brexit saga is quickly coming to a head, but it is increasingly unclear which direction it is headed. October 2018 WebPage Barbara Teixeira Araujo, Mark Zandi
Moody's Analytics Webinar: No Brexit to No Deal The Brexit saga is quickly coming to a head, but it is increasingly unclear which direction it is headed. Join Mark Zandi and the Moody’s Analytics team as they assess the global macroeconomic implications of the range of possible scenarios from No Brexit to No Deal. October 12, 2018 WebPage Mark Zandi, Barbara Teixeira Araujo
Article Weekly Market Outlook: Significant Differences, Eerie Similarities The U.S. business cycle has entered its boom phase. This is a period that typically comes closer to the end of the cycle, just prior to a recession. It is characterized by robust economic growth, tightening labor and product markets, intensifying wage and price pressures, monetary tightening, and higher interest rates. Another feature of the boom phase of a business cycle is excessive risk-taking somewhere in the financial system. This fuels the boom and is eventually at the center of the subsequent bust. Subprime mortgage loans were the obvious culprit a decade ago, runaway internet stocks that pumped up a stock market bubble were the problem in the early-2000s recession, and the savings and loan crisis incited the early 1990s downturn. August 2018 Pdf John Lonski, Yukyung Choi, Njundu Sanneh, Mark Zandi, Ryan Sweet, Barbara Teixeira Araujo, Katrina Ell, Faraz Syed
CreditForecast.com: U.S. Consumer Credit Outlook Join Moody’s Analytics Scott Hoyt and Deniz Tudor, as they discuss the current and anticipated trends in household credit conditions based on data from Equifax and forecasts from Moody's Analytics August 15, 2018 WebPage Scott Hoyt, Dr. Deniz Tudor
Presentation CreditForecast.com: U.S. Consumer Credit Outlook Moody's Analytics subject matter experts Scott Hoyt and Deniz Tudor discuss the current and anticipated trends in household credit conditions based on data from Equifax and forecasts from Moody's Analytics. August 2018 Pdf Scott Hoyt, Dr. Deniz Tudor
Webinar-on-Demand CreditForecast.com: U.S. Consumer Credit Outlook Moody’s Analytics subject matter experts Scott Hoyt and Deniz Tudor discuss the current and anticipated trends in household credit conditions based on data from Equifax and forecasts from Moody's Analytics. August 2018 WebPage Scott Hoyt, Dr. Deniz Tudor
Trade War Scenarios Fill out this form to request more information on our Trade War Scenarios. Moody's Analytics scenarios are the foundation of risk management, compliance and strategic planning needs July 17, 2018 WebPage Mark Zandi
Article Trump Trade War Using the Moody's Analytics model of the global economy, we consider the economic fallout of an escalating Trump trade war. July 2018 Pdf Mark Zandi

RESULTS 1 - 10 OF 44